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So far Note Servicing Center has created 771 blog entries.

Refi Applications Fall to 53% of Mix Amid Rate Spike

2022-03-05T03:19:18-08:00Timely|

For the week ending February 11, mortgage applications fell 5.4%, showing what the mortgage market looks like when rates hit 4% for the first time since 2019. The seasonally adjusted refi index from the Mortgage Bankers Association decreased 8.9% from the previous week, reducing [...]

What is an ALTA Extended Title Policy?

2022-12-05T22:26:17-08:00Private Money Lending|

The standard coverage policy of the American Land Title Association (ALTA) typically only relates to issues that can be discovered by carrying out a public records search. The standard ALTA policy guarantees protection in situations such as where the grantor of the loan cannot [...]

Why Lenders Should Think About Non-QM Now, Not Later

2022-02-16T06:05:35-08:00Timely|

Non-QM loan originations have been projected to hit between $80 billion and $100 billion in 2022, which means there is a hugely untapped market for private lenders in the non-QM loan sector of the lending industry. In an interview with Mike Fierman, the Managing [...]

The Great Suburban Migration and its Effects on Private Lenders

2022-12-05T22:39:08-08:00Private Money Lending|

Recently, there has been a massive migration rate from major cities and metropolitans to the suburbs, rural areas, and other states. As the concept of a remote workplace grows in popularity, many employees no longer see reasons to be close by the physical location [...]

What is SNDA, and Why Does it Matter?

2022-12-05T22:35:30-08:00Private Money Lending|

Lenders in the commercial real estate industry most times need an SNDA which refers to Subordination, Non-Disturbance, and Attornment Agreement. An SNDA helps define the connection and interests of the lender, the borrower, and the renter of the asset used to secure the loan. [...]

How Lenders can Continue to Serve Borrowers Despite Housing Affordability Challenges

2022-02-11T06:49:16-08:00Private Money Lending|

Housing inventory is at an all-time low, housing prices are at all-time highs, and affordability is getting further out of reach for more individuals every day. These factors are combined to create a perfect storm for homebuyers rapidly running out of options. In addition, [...]

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