Mar 8, 2019 2:26:58 PM
Topics: Mortgage Lending
Dec 28, 2017 9:34:25 AM
We all know the lending compliance is highly regulated and takes considerable resources. Lender compliance costs put a strain on lender profits, can be frustrating and seem unreasonable.
And they keep increasing.
Oct 31, 2017 1:11:40 PM
Is it what you hope is the last Halloween before you move into a new home? Are you dreaming of passing out candy to hungry zombies and beautiful princesses?
Jun 14, 2017 11:06:30 AM
This article was originally published on HousingWire by Kelsey Ramirez.Fannie Mae announced it is increasing debt-to-income ratio, the No. 1 reason that mortgage lending applicants get rejected, according to an article by Kenneth Harney for The Washington Post .
The largest population rejected due to high DTI ratios is Millennial borrowers, who often stretch to pay their rent early in their careers, according to
Feb 28, 2017 11:07:34 AM
Several components play into the fact there's no easy sailing for mortgage professionals.
2017 poses especially unique challenges. Being prepared with the right tools and education is key to being successful in today's mortgage industry.
Nov 9, 2016 10:01:00 AM
When it comes to consumer credit portfolios, the only constant is change. And, unfortunately, when lenders attempt to keep a good grasp on their consumer credit portfolios, change can be a major challenge.
The good news is there are tools to help proactively review consumer credit profiles faster and more frequently. With this type of information in hand, you can now make better risk-management decisions for your portfolio as a whole.
These tools are lending portfolio monitoring solutions. Employing such a system allows lenders to quickly identify, segment and prioritize accounts that meet designated risk levels to improve profitability.
What do lending portfolio monitoring solutions do for you?
They realize deeper insights to optimize strategies. The more in-depth information lenders gain, the better able they are at managing their portfolios in a way that meets goals and gain opportunities. Consistent lending portfolio review provides this.
#1: Predicting a consumer’s capacity to pay so you can improve:
Mar 29, 2016 9:08:08 AM
Flood certifications are an essential part of the mortgage process, but how much do most mortgage professionals really know about them? Here are some quick pointers from our flood certifications' vendor, ServiceLink.
#1: What is a Flood Zone Determination, and why is this service needed?
A Flood Zone Determination (FZD) is an assessment of a property’s risk for flooding as determined by the Federal Emergency Management Agency (FEMA). FZDs are made by locating properties in question on Flood Insurance Rate Maps (FIRMs) or Flood Hazard Boundary Maps (FHBMs) published by FEMA and
Sep 18, 2015 8:00:00 AM
E-Signatures simplify and expedite transactions, making it easier, faster, and cheaper for buyers, sellers and borrowers to conduct business. What used to take days and weeks can now be accomplished in as little as 15 minutes. The The E-Sign Act was passed in 2000, so why has it taken so long for our industry to see the benefits for buyers, sellers, and borrowers?
Sep 10, 2015 9:23:00 AM
Thank you to ComplianceBuzz for putting together a comprehensive list of 40 TRID Facts You Need To Know. We are less than a month til the October 3rd deadline and wanted to refresh you and your team on some of these facts. An added bonus...You can also take a sneak peek at our eBook "Steps to Reduce Third Party Risks" as part of our mortgage lending services. Enjoy!
Aug 11, 2015 8:00:00 AM
The housing market is HOT! Are you getting ready to sell your home, but wonder if and how it will affect your credit? Selling your home could impact your credit in a few key ways. Let’s take a look and some of the ways- both postive and negative-your score could be affected after the sale of your home...