Homebuilder Decisions Explained Through Yellow Pad Calculations
Discover how differing regional approaches to construction financing can impact private lenders. Understanding the math is key to successful investment strategies.
Summit Funding to Reduce Workforce in Light of CCM Agreement
Summit Funding is laying off back-office employees, who could potentially receive job offers from CrossCountry Mortgage amid a pending merger.
Increased Demand for Down Payment Assistance Among Buyers Reported by HomeLight
HomeLight's recent survey reveals that a significant 33% of borrowers are inquiring about down payment assistance, while 45% are interested in zero-down mortgage options.
UWM introduces mortgage payment rewards through the Bilt platform.
UWM introduces Built-In Rewards, allowing borrowers to earn points through Bilt for timely digital payments as part of their new in-house servicing model.
Essential Legal Clauses for Secure and Seamless Seller Financing
Eight legal clauses define whether a seller financing agreement protects the note holder or exposes them to costly enforcement gaps. Here is what every private mortgage note holder needs in the document.
Mastering State Servicing Compliance: Adaptable SOPs for Private Lenders
State-level mortgage servicing regulations demand adaptable SOPs from private lenders. This guide covers the five compliance pressure points, the compounding cost of reactive compliance, and eight steps to build servicing SOPs that hold up under state examination.
The Role of Mentorship in Developing Strong Loan Officers
Evaluate growth in recruiting versus development in the mortgage industry. Focus on long-term strategies to navigate complex files and meet client expectations.
Mortgage Applications Decline 10.5% with Rise in 30-Year Fixed Rates
Weekly survey findings indicate a 10.5% drop in mortgage applications, with the 30-year fixed rate rising to 6.43%, highlighting market shifts for private lenders.
Private Lenders: Building Adaptable SOPs for New State Servicing Regulations
State regulators now hold private mortgage lenders to multi-state licensing, disclosure, and reporting standards regardless of portfolio size. Static SOPs cannot absorb the shifting patchwork of jurisdiction-specific rules. This guide explains how to build modular, adaptable Standard Operating Procedures for private mortgage servicing — covering version control, staff training, compliance technology, and when professional servicing is the most efficient compliance solution.
Private Mortgage Fraud Prevention: The Power of Lien & Public Record Verification
Unverified lien position and unchecked public records are the two most exploitable gaps in a private mortgage note's collateral security. This post covers the fraud schemes that target those gaps, the lien types that create the most exposure, and the verification framework that holds up through the life of a loan.