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 [...]
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 [...]
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 [...]
As a lender looking to avoid liabilities and penalties in your transactions, these guidelines and regulations apply to you. However, if you would like someone else to handle the responsibility of ensuring that your transactions are free of liabilities for you, contact us today. [...]
One of the most effective ways to accumulate wealth is through homeownership. Equity boosts a person's net worth, allowing them to accumulate long-term wealth passed down through generations. Unfortunately, not everyone has easy access to homeownership. It can be far more difficult for people [...]
As a lender, avoiding usurious rates in your transactions is a priority. The several state rules on usury apply to you when performing a transaction. If you would employ someone else to handle the responsibility of ensuring that your transactions are free of usury, [...]
Cross-Defaults and Cross Collateralization are two concepts that are often misused and interchanged by lenders, and in some cases, they are used to describe something different completely. A cross-default provision transforms a lender's or its affiliate's default on one loan to a borrower, guarantor, [...]
