Mortgage lenders increasingly leveraged technology to make work processes easier without predicting its impact on the customers, disrupting the mortgage industry. Paying utmost attention to your customers' needs is the only way to move ahead of the competition and secure a footing in the turbulent times.
Mortgage lenders are reporting negative profits this year. This is despite a high mortgage origination cost. We explain the top 3 reasons behind the red line profit margin and learn who you can reduce the origination costs through negotiation.
Fluctuating mortgage scenario world-side has forced lenders to look out for options to minimize, if not nullify profit margin compression, and one of the most trusted and effective way to do so is mortgage service outsourcing.
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.