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Equifax to Offer Utility Credit Data to Mortgage Firms in 2019: Increased Transparency and Reduced Risk for the Mortgage Industry
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Equifax to Offer Utility Credit Data to Mortgage Firms in 2019: Increased Transparency and Reduced Risk for the Mortgage Industry

private money loan servicing, private mortgage servicing

Equifax to Offer Utility Credit Data to Mortgage Firms in 2019: Increased Transparency and Reduced Risk for the Mortgage Industry

Note Servicing Center2023-01-27T13:43:09-08:00private money loan servicing, private mortgage servicing|

As a part of its plan to increase transparency and reduce risk in the mortgage industry, Equifax will provide utility credit data to mortgage firms. This move will help mortgage firms better assess the creditworthiness of potential borrowers, as utility bill payment history is a strong predictor of mortgage repayment. Equifax is the first credit bureau to offer this type of data, which will be available beginning in early 2019.

How to Ease Your Mortgage Payments: Modification or Forbearance? | Get the Facts Now
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How to Ease Your Mortgage Payments: Modification or Forbearance? | Get the Facts Now

private lender servicing, private mortgage loan servicing companies

How to Ease Your Mortgage Payments: Modification or Forbearance? | Get the Facts Now

Note Servicing Center2023-01-27T13:43:18-08:00private lender servicing, private mortgage loan servicing companies|

There are two ways to ease the burden of monthly mortgage payments when you're struggling to make ends meet: modification and forbearance. A modification permanently changes the terms of your loan, while a forbearance suspends your payments for a set period of time. Each option has its own set of pros and cons, so it's important to choose the one that's right for your particular situation.

AAPL Partners with Lightning Docs for Official Loan Document Provider | Discounts Available
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AAPL Partners with Lightning Docs for Official Loan Document Provider | Discounts Available

loan servicing private lenders, private lender servicing

AAPL Partners with Lightning Docs for Official Loan Document Provider | Discounts Available

Note Servicing Center2023-01-27T13:43:27-08:00loan servicing private lenders, private lender servicing|

The American Association of Private Lenders (AAPL) has partnered with Lightning Docs to serve as the official loan document provider for the organization. As a result of the partnership, AAPL members will have access to Lightning Docs' online platform, which offers a variety of customizable loan documents and e-signatures. The partnership will also provide AAPL members with discounts on Lightning Docs' services.

Stay Up-to-Date on the Changes Between the 2006 ALTA Policies and the 2021 ALTA Policies: Get the Facts Here.
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Stay Up-to-Date on the Changes Between the 2006 ALTA Policies and the 2021 ALTA Policies: Get the Facts Here.

loan servicing for private money lenders, private lender loan servicing

Stay Up-to-Date on the Changes Between the 2006 ALTA Policies and the 2021 ALTA Policies: Get the Facts Here.

Note Servicing Center2023-01-27T13:43:37-08:00loan servicing for private money lenders, private lender loan servicing|

The 2006 ALTA policies are set to expire on December 31, 2020. After that, the 2021 ALTA policies will go into effect. Lenders need to be aware of the changes between the two policies in order to avoid any potential problems. The most notable changes are as follows: -The 2006 ALTA policy only insures the lender for the first $100,000 of the loan. The 2021 ALTA policy will insure the lender for the full loan amount. -The 2006 ALTA policy does not cover title defects arising from forgery or fraudulent recording. The 2021 ALTA policy will cover these defects up to $1,000,000. -The 2006 ALTA policy does not cover title defects arising from zoning or other land use violations. The 2021 ALTA policy will cover these defects up to $500,000.

UWM Offers an Innovative Title Process for Easier Home Buying and Refinancing
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UWM Offers an Innovative Title Process for Easier Home Buying and Refinancing

private loan servicing company, private mortgage loan servicing companies

UWM Offers an Innovative Title Process for Easier Home Buying and Refinancing

Note Servicing Center2023-01-27T13:43:47-08:00private loan servicing company, private mortgage loan servicing companies|

As the lending process becomes more and more difficult, many people are looking for alternatives to the traditional banks. UWM offers an innovative new title process that could speed up the process and get people the money they need faster. This could be a great option for those who are looking to buy a home or refinance their current home.

Court Upholds Protection of Fair Housing Data From Trump Data Removal Measure: Community Housing Group Wins Case
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Court Upholds Protection of Fair Housing Data From Trump Data Removal Measure: Community Housing Group Wins Case

loan servicing private lenders, private lender loan servicing

Court Upholds Protection of Fair Housing Data From Trump Data Removal Measure: Community Housing Group Wins Case

Note Servicing Center2023-01-27T13:43:57-08:00loan servicing private lenders, private lender loan servicing|

The Community Housing Group won a court case against a Trump-era change to reporting under the Home Mortgage Disclosure Act. The change would have made it harder for the public to access information about lending disparities. The court found that the change was arbitrary and capricious, and that it would have had a chilling effect on reporting.

Reevaluate Your Mortgage Business Origination Tools | Tips & Considerations
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Reevaluate Your Mortgage Business Origination Tools | Tips & Considerations

loan servicing for private money lenders, private mortgage servicing

Reevaluate Your Mortgage Business Origination Tools | Tips & Considerations

Note Servicing Center2023-01-27T13:44:16-08:00loan servicing for private money lenders, private mortgage servicing|

When it comes to your mortgage business, there are a lot of factors to consider when reevaluating your origination tools. It’s important to make sure that your tools are up to date and that they’re still the best option for your business. Here are a few things to keep in mind when you’re reevaluating your origination tools: 1. Make sure your tools are up to date. This includes making sure that they’re compatible with the latest technology and that they offer the latest features. 2. Consider your business needs. What do you need your origination tools to do? Make sure that your tools can meet those needs. 3. Compare costs. Not all origination tools are created equal. Make sure you compare the costs of different options before making a decision. 4. Get feedback from your team. Your team is the ones who use your origination tools on a daily basis. Get their input on what they like and don’t like about your current tools. 5. Test the new tools. Once you’ve narrowed down your options, test the new origination tools to see how they fit with your business. Taking the time to reevaluate your origination tools is an important part of running a successful mortgage business. Keep these tips in mind to ensure that you make the best decision for your business.

Navigating the New Tax Season – How Servicers Can Prepare for the Tax Law Changes and Reduced Refunds
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Navigating the New Tax Season – How Servicers Can Prepare for the Tax Law Changes and Reduced Refunds

private loan servicing company

Navigating the New Tax Season – How Servicers Can Prepare for the Tax Law Changes and Reduced Refunds

Note Servicing Center2023-01-27T13:44:25-08:00private loan servicing company|

The article discusses how the upcoming tax season will be different for servicers. It will be the first time that servicers will have to comply with the new tax law, which may cause confusion and delays. Additionally, the IRS is expected to issue fewer refunds, which could reduce the amount of money that servicers receive.

Protect Yourself from Losses & Ensure Loan Quality | Top Mortgage Underwriting Strategies
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Protect Yourself from Losses & Ensure Loan Quality | Top Mortgage Underwriting Strategies

private loan servicing company, private mortgage servicing companies

Protect Yourself from Losses & Ensure Loan Quality | Top Mortgage Underwriting Strategies

Note Servicing Center2023-01-27T13:46:47-08:00private loan servicing company, private mortgage servicing companies|

As the mortgage industry continues to rapidly change, it is becoming increasingly important for lenders to maintain loan quality. There are a number of ways to do this, including ensuring that underwriting standards are met, establishing clear communication channels with borrowers, and being proactive in monitoring the loan portfolios. By taking these steps, lenders can help protect themselves from losses and ensure that their loans are of the highest quality possible.

Adapt to a Mortgage Rate Lockdown: Strategies for Loan Originators
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Adapt to a Mortgage Rate Lockdown: Strategies for Loan Originators

private loan servicing company, private mortgage servicing companies

Adapt to a Mortgage Rate Lockdown: Strategies for Loan Originators

Note Servicing Center2023-01-27T13:44:44-08:00private loan servicing company, private mortgage servicing companies|

In the mortgage industry, loan originators are struggling to keep up with a mortgage rate lockdown. Lenders are suspending or refusing to quote rates, and originators are scrambling to keep up with the changes. Someoriginators are turning to technology to help them keep track of the ever-changing landscape, while others are relying on their network of contacts to stay up-to-date. Ultimately, originators need to be prepared to adapt to change in order to survive in the current market.

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