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So far Note Servicing Center has created 226 blog entries.

Mortgage Delinquency Rate Goes Back to Pre-pandemic Levels

2022-01-21T01:22:11-08:00Timely|

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 [...]

Homebot Aims to Put Lenders at the Forefront of Online Search

2022-01-21T01:27:50-08:00Private Money Lending|

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 [...]

FHFA Hikes Fees for High Balance and Second Home Loans

2022-01-21T01:21:09-08:00Timely|

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 [...]

Mortgage Cadence Releases Next Generation Loan Origination Software (LOS)

2022-01-16T19:39:51-08:00Private Money Lending|

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 [...]

The Importance of Trademark Protection for Financial Service Entities such as Lenders

2022-01-16T19:39:51-08:00Private Money Lending|

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 [...]

Understanding Loan Participation Agreements

2022-01-16T19:39:51-08:00Private Money Lending|

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 [...]

3 Strategies to Free up Capital and Fund New Loans

2022-01-16T19:39:51-08:00Private Money Lending|

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 [...]

Four Levers for Lenders to Increase Sales Velocity

2022-01-11T02:52:57-08:00Private Money Lending|

With the decline in refi volume and the shift to purchase and squeezed margins, lenders must remain competitive to be profitable. Lenders who can get to pre-approval faster while maintaining the same degree of diligence and providing a positive client experience will gain a [...]

The Practice That Can Help Lenders Stop Losing Customers

2022-01-11T00:33:32-08:00Private Money Lending|

Lenders must make product and pricing information readily available to remain competitive. With numerous choices out there, consumers are eager to compare products, deals, and costs to attain the best available option for their needs. However, it is astonishing that most lenders have preserved [...]

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