Uncertainty continues to rise in the private lending industry, making it more critical than ever to be certain of the insurance coverage of borrowers as lenders look to protect themselves and their capital. Unfortunately, private lenders, in particular, are far too frequently falling short [...]
As a private lender, it is essential to be familiar with some of the terms used in the industry when carrying out transactions and particularly giving out loans. Most of these terms come up on the standard document request form, which clients fill out [...]
Lenders often understand the necessary endorsements and particular policy coverages covered by a transaction funded by a Small Business Administration Loan (SBA), which could differ depending on the nature of the transaction involved. However, the majority of lenders may not be used to the [...]
According to CoreLogic's recent Loan Performance Report, mortgage delinquency rates reached pre-pandemic levels in October due to labor market developments and home equity growth. During the year 2022, rates are expected to continue to fall. In October 2019, 3.8% of mortgages were 30 days [...]
In a recent conversation with the CEO and Co-Founder of Homebot, Ernie Graham, on what it means for professionals in the lending industry to provide clients forever and how Homebot is involved through the entire home buying process, particularly with the home search, he [...]
On January 5, 2022, the Federal Housing Finance Agency implemented additional upfront fees for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Fees for high-balance loans will rise by 0.25% to 0.75%, depending on the loan-to-value ratio. The upfront fees [...]
As a lender looking to compete further in the market, employing several technological tools and inventions in your day-to-day operations is a must. One of such technological tools is the Loan Origination Software (LOS), a platform for coordinating and automating various stages of the [...]
Regardless of the industry in which your company operates, one of the most validating and crucial aspects of your corporate identity is the name under which you conduct your day-to-day operations. When it comes to lenders, the affiliated name or logo represents the company's [...]
The selling interest in mortgage loans is common in the lending sector since it allows the initial lender to boost liquidity and seek additional funding options while lowering its risk profile. Despite these clear benefits, several less evident dangers are involved with the purchase [...]
Ever since the outbreak of the COVID-19 Pandemic in late 2019, private lenders have had to overcome two major obstacles in giving loans. One is the decline in originations due to the limitations and regulations and a reluctance on the part of borrowers to [...]
