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So far Note Servicing Center has created 325 blog entries.

House Passes Bill to Modernize V.A. Appraisals

2022-09-29T05:20:35-07:00Private Money Lending|

In the just concluded week, a bill that simplifies the appraisal process for mortgage loans issued by the U.S. Department of Veterans Affairs was approved by the United States House of Representatives. The "Improving Access to the Veteran Affairs (V.A.) Home Loan Benefit Act [...]

The Role of Consumer Transaction Data in Increasing Homeownership Access

2022-09-29T05:20:35-07:00Private Money Lending|

The Federal Housing Finance Agency (FHFA) and the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have committed to looking into novel approaches to increase homeownership access safely and securely throughout the previous year. Black and white Americans now own more homes than they [...]

How Mortgage Companies Can Add Revenue Certainty in Uncertain Times

2022-10-06T08:22:51-07:00Private Money Lending|

The rapid growth of rates, the drastic drop in mortgage applications, rising prices due to inflation, declining stocks, and layoffs making headlines for mortgage sector titans are quite a number of the unprecedented changes the mortgage market is experiencing. The value of mortgage servicing [...]

Bots are Helping the Title Industry Automate Tech Gaps

2022-10-06T08:21:52-07:00Private Money Lending|

It is becoming evident that the settlement services sector, which had previously been slow to accept new technologies, is now heading toward total automation. This is fantastic news for an industry where procedures, clients, and compliance standards vary significantly from state to state or [...]

How to Stay Competitive with Specialty Mortgage Products

2022-09-10T07:39:11-07:00Private Money Lending|

Mortgage originators are concentrating on adjusting to a changing market to remain competitive as the mortgage industry changes quickly. HELOCs and non-QM loans are created to order the current mortgage market. While rising property prices may have discouraged some homeowners from purchasing, they have [...]

It is Time for Loan Originators to Have a Mindset Refresh

2022-10-06T08:25:25-07:00Private Money Lending|

Now that another spring and summer market has concluded, Lenders deserve praise for their ability to go from the refinance boom of 2020–2021 to the purchase market of 2022. It is crucial to take some time to think back, make changes, and reset our [...]

Freddie Mac’s CRT Program Posts Record Performance

2022-09-05T23:28:46-07:00Private Money Lending|

Freddie Mac issued a record-high $15 billion in credit-risk transfers (CRTs) in the first half of this year, securing $358 billion in single-family mortgages. Freddie Mac also reported a record CRT issuance of $6.5 billion for the entire second quarter, safeguarding $151 billion in [...]

3 Misconceptions about Using Automated Valuation Models (AVM) in Home Equity Lending

2022-09-05T23:28:46-07:00Private Money Lending|

Economic indications predict little refinance volume through 2022, which is more than halfway over, while purchase volume confronts its challenges. In addition, the purchase and refinance markets are facing difficulties due to a shortage of supply, record high prices, rising interest rates, and significant [...]

Qualifying your Borrower: What Lenders Need to Know About Anti-Money Laundering Compliance?

2022-12-05T23:28:24-08:00Private Money Lending|

The American Association of Private Lenders urges private lenders to have an effective anti-money laundering program and supports efforts to prevent money laundering and associated crimes. Money Laundering is known as the process of making proceeds obtained illegally (also known as "dirty money") appear [...]

Lender Profitability Requires Maintaining Pace With Innovation Now More Than Ever

2022-09-22T07:32:04-07:00Private Money Lending|

To cut expenses, the majority of economic sectors have successfully embraced technology. For instance, the Federal Reserve Bank of St. Louis estimates that business process improvement and automation will be substantially responsible for the 34.7% rise in overall labor productivity in the US from [...]

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