Data Facts Lending Solutions Blog

5 Famous Quotes for First-Time Homebuyers

Posted by Matt Holmes

Sep 14, 2020 9:27:01 AM

Your first-time homebuyers are at the very beginning of a life-changing experience, and you want to make sure it’s life-changing in all the right ways. Of course, sometimes that’s easier said than done, but with the right level of empathy and expertise, you can help your borrowers feel comfortable on this often-daunting journey. Here are some great quotes about homeownership that you can share with your first-time homebuyers:

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Topics: Mortgage Lending, Mortgage lenders, Potential Millennial homebuyers, Gen Z Homebuyers

Fannie and Freddie CEOs Address Adverse Market Fee Complaints

Posted by Matt Holmes

Aug 24, 2020 9:02:00 AM

Fannie Mae and Freddie Mac issued a combined letter Thursday responding to the grievances of lenders in the wake of the announcement of the new 0.5% fee on mortgages.

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Topics: Mortgage Lending, fannie mae, Freddie Mac

Move Over Millennials: Gen Z Homebuyers Enter the Market

Posted by Matt Holmes

Aug 21, 2020 9:12:36 AM

In 2020, Millennials lead the pack of first-time homebuyers- but poised to make an impact soon is Generation Z.

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Topics: Millennials, Mortgage Lending, Potential Millennial homebuyers

Automation in Mortgage Lending: 4 Tools You Should Be Using Right Now

Posted by Matt Holmes

Jul 27, 2020 9:02:00 AM

Automation isn’t the way of the future- it’s the way of the present. And if you’re not automating your procedures, you’re missing out on a lot of potential revenue. About 20-30% of all revenue is lost due to manual processes, and about $2 Trillion is paid out in employee salaries for jobs that can be automated.

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Topics: Mortgage Lending, Verifications, Artificial Intelligence

GSEs Stress Lump Sum Forbearance Repayments Not Required

Posted by Matt Holmes

May 4, 2020 9:02:00 AM

As COVID-19 has forced many borrowers into dire situations, lenders continue to offer forbearance on mortgages. However, the expectations for repayment have become murky, due to misconceptions by consumers and mortgage servicers. One of these misconceptions is the belief that all missed payments must be repaid after the forbearance period ends.

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Topics: Mortgage Lending, Forbearance

5 Home Office Tips for Loan Originators

Posted by Matt Holmes

Apr 13, 2020 9:02:00 AM

Of course, during times like these, working from home is a luxury that can keep you safe. But if it comes at the expense of your productivity, it could be more of a burden than you think. Here are 5 tips that can keep loan originators safe at home, but also productive at their jobs.

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Topics: Mortgage loan, Mortgage, Mortgage Lending

3 Customer Retention Tactics for Mortgage Lenders

Posted by Matt Holmes

Feb 10, 2020 9:02:00 AM

You’ve probably heard the expression, ‘It costs around 5 times as much to acquire a new customer than to retain a current one.’ And it’s true, especially in the mortgage lending business. According to the National Association of Realtors, the average 2018 seller was in their home for 9 years. With that said, you can expect more than 10% of your clientele to be underway on their search for a new home.

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Topics: Mortgage, Mortgage Lending, Customer Retention

What Football Teaches us about Mortgage Credit Reporting

Posted by Matt Holmes

Jan 27, 2020 9:02:00 AM

It’s January, and that means a lot of us just simply have football on our brains. Whether it’s researching French onion dip recipes for the big game or placing bets on the final score, we’re hyped for the game. And to some of us, if we thought about mortgages like we thought about football, we’d be a lot better at our jobs. That got us thinking.

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Topics: credit reports, Mortgage, Credit Score, Mortgage Lending, Credit Report

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

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