Interest rate hikes and refinancing declines have highlighted the 2022 housing market, and lenders are working hard to respond to new borrower behaviors. In an interview with Barry Coffin, managing director of ServiceLink's home equity title/close, on how lenders can take advantage of these [...]
This week, the Consumer Financial Protection Bureau (CFPB) released a report on servicers' performance in the second half of 2021. According to the research, services improved their call metrics on average, although some continue to fall behind in aiding borrowers. For example, from May [...]
According to the American Land Title Association's Market Share Analysis, published on Friday, 6th of May, title insurance premium volume increased about 36% year over year in 2021, amounting to an astounding $7 billion rise. According to ALTA, the title insurance market collected $26.2 [...]
As we move into the second half of 2022, lenders need to be adequately prepared for what lies ahead. We have seen several occurrences these past few months since the year began and their impact on the lending business. Here are some projections on [...]
Several trends in the first quarter of 2022 have significantly impacted lenders and their businesses, ranging from housing market trends to mortgage rate trends. Quite a lot has changed in the spring, which will affect some of the previously forecasted scenarios for the industry. [...]
The appraisal industry has seen numerous difficulties and developments in the last two years. As a result, many mortgage and appraisal professionals have turned to appraisal technology solutions to deal with the tough mix of record-breaking volume and a scarcity of appraisers. In an [...]
To sell loans to Fannie Mae and Freddie Mac, the Federal Housing Finance Agency will now compel lenders to give data on customers' language preferences, resulting in fair lending litigation. According to the regulator, lenders for traditional mortgages will be expected to provide information [...]
Building a successful eClose strategy can put you as a lender on the path to gaining more operational effectiveness and efficiencies. Ensure a better borrower experience and stay ahead of your competitors in the lending space. Hybrid eClose mortgages help lenders improve their customers' [...]
Finding the best methods to use automation as it continues to impact the real estate market significantly can help lenders sharpen their competitive edge. Lenders are virtually always thinking about accomplishing more with less, automating as much of the process as feasible. However, many [...]
eVaults are a significant aspect of any end-to-end digital mortgage transformation. They make it possible for lenders to create and securely keep eNotes and speed up capital market transactions. eVaults also help borrowers have a better customer experience by streamlining contacts with other mortgage [...]
