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Can Tech De-risk the Mortgage Servicing Space

2022-08-11T08:01:52-07:00Private Money Lending|

There is, without a doubt, a need for regulatory innovation across the whole mortgage industry, but de-risking the mortgage servicing space is the most urgent. The industry is on the verge of another crisis with the potential to cause severe market misery due to [...]

How to Effectively Navigate Desktop Appraisal Requirements?

2022-08-11T08:01:36-07:00Private Money Lending|

It has been a year since the statement that Government Sponsored Enterprises (GSEs) will start accepting desktop appraisals for conventional loans. In light of this, Mark Walser, president of Incenter Appraisal Management, and Clayton Collins, CEO of Housing Wire Media, discussed remote desktop appraisals [...]

How to Ensure Your Borrowers Set Up Their Entities Correctly

2022-08-11T08:01:15-07:00Private Money Lending|

Have you stopped as a lender to think about whether your borrowers are creating their businesses precisely as required by law? If not, take advantage of the chance to do so, and you can ensure the borrower entity has the right people signing on [...]

Guild Mortgage Loan Program to Replace Credit Score Review with Payment History

2022-08-11T08:01:01-07:00Private Money Lending|

Guild Mortgage has launched a new program that substitutes rental payment history and residual income history for credit scores to serve first-time homebuyers better. According to a statement from Guild Mortgage, borrowers may be eligible to receive a lower interest rate and lesser fees [...]

Emphasizing Efficiency Amid a Challenging Market for Loan Originators

2022-08-11T08:00:52-07:00Private Money Lending|

Midway through 2021, most mortgage companies experienced good origination activity and increased staffing. However, as we start the third quarter of 2022, the environment has significantly shifted, and the sector faces numerous difficulties. The 30-year fixed mortgage rate has risen to about 6 percent, [...]

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