In today’s financial climate, it is becoming more evident by utilizing bundled services from a single provider Lenders will be able to serve clients more effectively, profitably and will emerge as industry leaders.
Why should you bundle services? First of all, one vendor equals fewer headaches. It standardizes operations and saves time. You don’t have to call, email and wait for responses from multiple vendors. Secondly, it builds a stronger relationship. This makes for a more positive overall experience. Lastly, it helps you to stay in compliance. Compliance is ALWAYS a top priority. Bundling services minimizes the risk of being out of compliance by having all your paperwork from ONE source. Your chosen vendor should be constantly providing compliance information for your records.
Read More
Topics:
Data Facts blog,
Identity theft 2012,
Identity theft,
FCRA,
wordpress blog,
Data Facts,
Mortgage loan,
Mortgage,
Credit Score,
Mortgage compliance,
mortgage fraud,
AVM's,
Improve Credit Score,
credit cards,
credit history,
Automated Valuation Model,
Compliance,
mortgage news
The prevalence of mortgage fraud is still a scary fact.
According to the FBI, 13 billion dollars were lost in fraudulent mortgage loans in 2012. Over 60% of mortgage fraud includes ID discrepancies and in most cases the fraudster uses a mixture of accurate and “borrowed” information. These crooks operate this way hoping that lenders will not check every bit of information and the loan will be approved.
Luckily, there are reports available to mortgage lending companies to combat this issue, and offer some protection. This can help preserve the bottom line.
Read More
Topics:
Data Facts blog,
Identity theft 2012,
Identity theft,
FCRA,
wordpress blog,
Data Facts,
Mortgage loan,
Mortgage,
Credit Score,
Mortgage compliance,
mortgage fraud,
AVM's,
Improve Credit Score,
credit cards,
credit history,
Automated Valuation Model,
Compliance,
mortgage news
Data Facts will be introducing a full suite of products that will help streamline the lending process and keep Lenders in compliance. In today's financial climate, it is becoming more evident by utilizing bundled services from a single provider Lenders will be able to serve clients more effectively, profitably and will emerge as industry leaders.
Read More
Topics:
Data Facts blog,
Identity theft 2012,
Identity theft,
FCRA,
wordpress blog,
Data Facts,
Mortgage loan,
MBA,
Mortgage,
Credit Score,
Mortgage compliance,
mortgage fraud,
AVM's,
Improve Credit Score,
credit cards,
credit history,
Automated Valuation Model,
Compliance,
MBA's 100th Annual Convention and Expo,
mortgage news
Millions of homeowners are underwater on their mortgages, owing more than their homes are worth. This year HARP (Home Affordable Refinance Program) has been re-vamped to allow more homeowners to refinance their mortgages.
Read More
Topics:
Data Facts blog,
wordpress blog,
Data Facts,
Mortgage,
AVM's,
HARP 2.0,
Automated Valuation Model
