Mortgage servicing industry is plagued with misunderstandings that prevent loan servicing organizations from outsourcing certain tasks. As a result, some companies are left to face tremendous challenges with the lack of technology and expertise on regulatory compliances.
Fannie Mae and Freddie Mac are two of the most important mortgage institutions in the United States, and although many people have heard about them, few know about their functioning and their place in the US economy.
Loan modification is an increasingly sought after option for homeowners facing foreclosure of their property. This article details how loan modification underwriting can help lenders decide between risky and genuine modification plans submitted by borrowers.
Loan processing is a thankless and time-consuming task, and by reading our inputs on how loan processors can fine-tune their process, they can save both time and money while seeing a marked increase in customer satisfaction.