Education is the Key to Removing Barriers For Underserved Borrowers
BLOG VIEW: More companies are directing time and resources to create equity in housing and homeownership. As part of that effort, one must understand...
What is a Qualified Written Request to a Servicer? Two Court Opinions Could Change...
BLOG VIEW: Under RESPA, servicers are required to respond to qualified written requests (QWRs) from borrowers. Regulation X divides these requests into two categories:...
Mortgage Lending Creativity Is Increasing Risk
BLOG VIEW: The mortgage market is shifting. The fact that pundits have been warning that lenders would see significant changes in their businesses in...
How Does Profit Margin Compression Affect the Mortgage Industry?
BLOG VIEW: Profit margin compression is currently one of the most significant factors impacting profitability and business efficiency for mortgage lenders.
Lender profit margin expectations...
How Lenders Can Help More Borrowers Achieve Homeownership
BLOG VIEW: With rising rates and home prices consistently going up, homeownership may seem like a far stretch for some. In fact, in 2021,...
A Simpler Approach to Determining Home Condition
BLOG VIEW: Most are familiar with the appraisal standards used to identify the condition of homes during the appraisals process. Fannie Mae, Freddie Mac,...
VA Loans: An Untapped Market Opportunity in 2022?
BLOG VIEW: As the mortgage industry continues its shift from a refinance market to a purchase market, lenders are challenged to better identify qualified...
How Mortgage Lenders Should Evaluate Fintech Solutions
BLOG VIEW: As the mortgage industry continues to face the challenge of increasing origination costs - not to mention margin compression and rising interest...
Increasing Black Homeownership Rates with Alternative Forms of Credit
BLOG VIEW: Homeownership continues to be one of the primary wealth builders in our country. Yet, strong barriers to homeownership for minority consumers and...
Tech Considerations for a Hybrid Workforce
BLOG VIEW: Two years ago, mortgage businesses, or any business for that matter, did not foresee or have any reason to prepare for a...
Lenders: It’s Time to Go Fully Digital
BLOG VIEW: The mortgage industry has been primed for a digital revolution for several years, yet most lenders haven’t taken advantage of the opportunities...
The Importance of Vendor Score-Carding and Reporting for Mortgage Lenders and Title Companies
BLOG VIEW: Vendors play an integral role in any mortgage transaction. It is common for mortgage lenders as well as title agents to work...
Automated Income and Employment Verification Can Accelerate the Path to Closing
BLOG VIEW: As the housing market moves toward one characterized by rising home prices, increasing interest rates and decreased consumer demand, lenders may feel...
What Mortgage Lenders Need to Succeed in the New Purchase Market
BLOG VIEW: As the mortgage industry moves into 2022, the primary goal for the vast majority of lenders is maintaining momentum. The growth lenders...
Mortgage Servicers Must Adapt to New Regulatory Realities
BLOG VIEW: At the onset of the pandemic, mortgage and consumer regulators relaxed the supervision and enforcement of servicers’ compliance with certain requirements that...
It’s Wonderful to Have an Attitude of Gratitude
BLOG VIEW: Finding success in the world is never easy. Each of us must overcome various obstacles and challenges to achieve our goals and...
Going Digital? Know How to Keep Your Borrowers’ Data Safe
BLOG VIEW: It’s been noted that college football fans have stormed the field more times in the 2021 season than in recent memory. Despite...
How to Know if Your New LOS is ‘Innovative’
BLOG VIEW: When lenders go to market in search of new technologies, they take with them a laundry list of requirements that include functionality,...
To Help Gig Workers Become Homeowners, Mortgage Lenders Must Rethink Income Analysis
BLOG VIEW: The share of gig workers - independent contractors, online platform workers, contract workers, on-call workers and temporary workers - has increased significantly...
Improving Mortgage Servicing for Borrowers with Limited English Skills
BLOG VIEW: Mortgage industry regulators mandate that lenders and servicers must treat all mortgage borrowers fairly and provide equal access to services regardless of...