Data Warehouse, a TRANZACT company and provider of marketing information solutions to the mortgage and financial industries, has developed a database of more than 5 million homeowners nationwide who now qualify for lower-rate Federal Housing Administration (FHA) loans. This update follows the FHA decision to raise the mortgage limits nationwide, up to a maximum of $729,750 in high-cost counties.
Data Warehouse multi-sources public records, demographic and credit data combined with leading-edge automated valuation models and proprietary processes to create customized prospecting lists. As a result, lenders can help customers that are now able to seek refinancing into an FHA loan, the company explains.
‘The recent increase in funding limits equates to a tremendous opportunity for mortgage lenders, and Data Warehouse stands ready with FHA prospects we've identified to be qualified, motivated candidates,’ says Ben Waldshan, founder of Data Warehouse and executive vice president with TRANZACT.