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So far Note Servicing Center has created 226 blog entries.

Are Consistently Error-Free Closings within Reach for Lenders?

2022-05-09T05:47:17-07:00Private Money Lending|

Lending volume in the past year exceeded everyone's expectations, owing mainly to record-low mortgage rates. Closing problems unavoidably crept in as lenders tried to keep up with demand. As a result of this unexpected surge in volume, lending businesses across the industry are looking [...]

Mortgage Rates Fall Slowly after a Month-Long Increase

2022-02-04T05:59:40-08:00Timely|

According to the latest Freddie Mac PMMS Mortgage Survey, the average 30-year-fixed rate mortgage fell one basis point from the previous week to 3.55% for the week ending January 27th, 2022. However, it is essential to note that the 30-year fixed-rate mortgage averaged 2.77% [...]

Opportunity Zones: A Great Opportunity for Bridge Lenders

2022-01-29T21:59:00-08:00Private Money Lending|

Several benefits come from investing in Opportunity Zones, including high gains by removing federal capital profit taxes during reviving underserved communities. Opportunity Zones offer numerous benefits for investors, but their distinct structure presents significant importance for bridge lenders. Opportunity Zones are designated locations across [...]

Mortgage Applications Goes 2.3% Higher, with a New Record Average Loan Size

2022-01-29T21:55:19-08:00Timely|

According to the Mortgage Bankers Association (MBA) poll for the week ending Jan. 14, mortgage applications jumped 2.3% from the previous week, majorly due to a robust purchase market. The seasonally adjusted Purchase Index increased 7.9% from the past week, while the Refinance Index [...]

Insurance Requirements for Lenders and What to do When Coverage is Inadequate

2022-01-21T01:22:41-08:00Private Money Lending|

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 [...]

Closing Protection Letters: When and Why They are Important

2022-01-21T01:22:23-08:00Private Money Lending|

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 [...]

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