Data Facts Lending Solutions Blog

4 Ways to Generate Free Mortgage Leads Using Social Media

Posted by Matt Holmes

Oct 29, 2019 9:42:35 AM

You’ve probably heard it from countless lending professionals- Social Media is the next great way to help generate mortgage leads. And they’re right, but with the loan origination process costly enough as it is, how can you curate awesome social media leads without hurting your bottom line? While there may not be a ‘silver bullet’ solution, here are a few ways social media can help you generate mortgage leads for free:

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Topics: social media, Mortgage Lending, Lead Generation

3 years of Day 1 Certainty: What You May Have Overlooked

Posted by Matt Holmes

Oct 22, 2019 9:07:06 AM

Soon, Fannie Mae's Day 1 Certainty program will be turning three years old. At the outset, the validation program was widely known for its ability to offer lenders freedom from reps and warrants. But today, it turns out there’s a whole lot more to the benefits of Day 1 Certainty than lenders initially thought.

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Topics: Mortgage Lending, DU Day 1 Certainty, Verifications

CFPB Announces $700M Settlement in Equifax Data Breach

Posted by Phil Hall

Jul 24, 2019 9:27:00 AM

Data Facts wants to be your resource for important industry information, which is why we periodically share breaking news in addition to our regular blog posts. This article originally appeared on the National Professional Mortgage Magazine website and was written by Phil Hall. 
The Consumer Financial Protection Bureau (CFPB) and a coalition of attorneys general from 48 states, the District of Columbia, and the Commonwealth of Puerto Rico has reached   a $700 million settlement with Equifax stemming from the 2017 data breach of the Atlanta-headquartered consumer credit reporting company.
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Topics: Data Facts blog, Data Breach, Credit Bureau, CFPB, Mortgage lenders, Credit Report

Study Details Millennials’ Unhealthy Credit Habits

Posted by Phil Hall

Jun 17, 2019 2:08:02 PM

Data Facts periodically finds interesting stories from around the web that we think our lending clients would like. This article, which first appeared on the National Mortgage Professional Magazine website, is one of them.
 
Millennials have a very distinctive approach to handling their credit, according to a new study released by   TD Bank's Consumer Spending Index.
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Topics: Understanding Credit Scores, Potential Millennial homebuyers, Credit Report

Mortgage Industry Professionals...Get Ready for URLA

Posted by Susan McCullah

May 31, 2019 3:16:06 PM

When you're a mortgage pro you rarely get to sit back and relax for long. There's always a change coming your way to handle. The upcoming revision of the Uniform Residential Loan Application (URLA) is one of them. 

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Topics: mortgage process, Lending compliance, mortgage education, digital mortgage, URLA

Important Digital Mortgage Statistics Mortgage Pros Should Know

Posted by Susan McCullah

Apr 30, 2019 9:42:59 AM

Digital mortgage discussions are everywhere! Blogs, news, and trade shows can't stop talking about them and their impact on the current and future mortgage industry. 

What are consumers saying and feeling about digital mortgages? What are the benefits and the drawbacks? We've compiled a list of the best, most up-to-date statistics available to shed more light on this important mortgage trend. 

STATISTICS TO KNOW

Millennials account for 36% of homebuyers in the market. 

More than 50% of all loan applications in the past two years included some online or mobile component.

67% of those with an existing home loan would feel comfortable completing a home loan application on a laptop or desktop computer, and 29% would be comfortable using a mobile device.

More than 30% of borrowers reported not comparison shopping for their mortgage.

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Topics: mortgage news, Mortgage Lending, mortgage trends, mortgage lending services, mortgage education, digital mortgage

Equifax Settles FCRA Claims Regarding Reporting of Civil Judgments & Tax Liens

Posted by Arthur Ebbs

Apr 23, 2019 10:35:37 AM

Data Facts is committed to bringing you news that affects you and your business. This article was written by Arthur Ebbs and originally appeared on The National Law Review's website.

As part of its business, Equifax reports publicly available civil judgment and tax lien information about consumers.  However, in multiple class action lawsuits filed across the United States, plaintiff-consumers alleged that while Equifax promptly reported civil judgment and tax lien information, Equifax did not update cancelled or satisfied judgments and liens with similar vigor or regularity. 

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Topics: FCRA, mortgage news, Liens and judgment data, Equifax, Lending compliance, mortgage lending services

Data Facts Announces Major Expansion to Appraisal Ordering Platform: The Verisite Plus Report

Posted by Susan McCullah

Mar 8, 2019 2:26:58 PM

 

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Topics: Mortgage Lending

How to Protect Your Credit Score During A Government Shutdown

Posted by U.S. News and World Report

Jan 22, 2019 1:11:43 PM

This article was originally posted at Washington's Top News by U.S. News and World Report, and can be accessed here.

If you’re one of the 800,000 federal employees who are not getting paid during the government shutdown, you’re in a tough spot, for sure.

Most likely, you’ve morphed into survival mode, which may or may not include thinking about your credit score. I totally get that. But what if I told you it’s possible to get through this with an (almost) intact credit score?

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Topics: credit cards, credit history, medical debt, Credit Report

What Military Men and Women Should Know About Their Credit

Posted by Rory Tipton

Dec 17, 2018 9:44:51 AM

Whether a person is thinking about joining the military, has been enlisted for years, or is a veteran, it’s important they think about and act to protect their credit. There are a variety of ways credit scores can be affected negatively, which then impacts the person’s ability to purchase a house, car, or even secure a credit card.

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Topics: Credit Report

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