Summit Funding to Reduce Workforce in Light of CCM Agreement
Summit Funding is laying off back-office employees, who could potentially receive job offers from CrossCountry Mortgage amid a pending merger.
Increased Demand for Down Payment Assistance Among Buyers Reported by HomeLight
HomeLight's recent survey reveals that a significant 33% of borrowers are inquiring about down payment assistance, while 45% are interested in zero-down mortgage options.
UWM introduces mortgage payment rewards through the Bilt platform.
UWM introduces Built-In Rewards, allowing borrowers to earn points through Bilt for timely digital payments as part of their new in-house servicing model.
Advanced Due Diligence: Your Essential Guide to Uncovering Hidden Liens in Private Mortgages
Advanced Due Diligence: Uncovering Hidden Liens Before They Emerge Advanced Due Diligence: Uncovering Hidden Liens Before They Emerge in Private Mortgage Servicing In the dynamic world of private mortgage servicing, where opportunities often intertwine with unique complexities, securing your investment means looking beyond the [...]
Essential Legal Clauses for Secure & Seamless Seller Financing
Essential Legal Clauses for Any Seller Financing Agreement Seller financing has emerged as a powerful and flexible tool in real estate transactions, bridging gaps for buyers who might not qualify for traditional mortgages and offering sellers a consistent income stream. It’s a win-win scenario [...]
Mastering State Servicing Compliance: Adaptable SOPs for Private Lenders
State-level mortgage servicing regulations demand adaptable SOPs from private lenders. This guide covers the five compliance pressure points, the compounding cost of reactive compliance, and eight steps to build servicing SOPs that hold up under state examination.
The Role of Mentorship in Developing Strong Loan Officers
Evaluate growth in recruiting versus development in the mortgage industry. Focus on long-term strategies to navigate complex files and meet client expectations.
HighTechLending and Better Collaborate to Enhance EquitySelect HELOC Offering
Better's NEO Home Loans introduces HighTechLending's EquitySelect HELOC, aimed at high-credit borrowers navigating debt-to-income limitations.
Mortgage Applications Decline 10.5% with Rise in 30-Year Fixed Rates
Weekly survey findings indicate a 10.5% drop in mortgage applications, with the 30-year fixed rate rising to 6.43%, highlighting market shifts for private lenders.
Private Lenders: Building Adaptable SOPs for New State Servicing Regulations
State regulators now hold private mortgage lenders to multi-state licensing, disclosure, and reporting standards regardless of portfolio size. Static SOPs cannot absorb the shifting patchwork of jurisdiction-specific rules. This guide explains how to build modular, adaptable Standard Operating Procedures for private mortgage servicing — covering version control, staff training, compliance technology, and when professional servicing is the most efficient compliance solution.