MISMO Releases ALTA Title and Settlement Datasets for Examination
MISMO has released ALTA Title Policy and Settlement Statement datasets in candidate recommendation status, inviting review and early adoption by private lenders.
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.
Advanced Due Diligence: Your Essential Guide to Uncovering Hidden Liens in Private Mortgages
Advanced Due Diligence: Uncovering Hidden Liens Before They Emerge Advanced Due Diligence: Uncovering Hidden Liens Before They Emerge in Private Mortgage Servicing In the dynamic world of private mortgage servicing, where opportunities often intertwine with unique complexities, securing your investment means looking beyond the [...]
Essential Legal Clauses for Secure & Seamless Seller Financing
Essential Legal Clauses for Any Seller Financing Agreement Seller financing has emerged as a powerful and flexible tool in real estate transactions, bridging gaps for buyers who might not qualify for traditional mortgages and offering sellers a consistent income stream. It’s a win-win scenario [...]
Mastering State Servicing Compliance: Adaptable SOPs for Private Lenders
New State-Level Servicing Regulations Spark Urgent Need for Adaptable SOPs Among Private Lenders The landscape of mortgage servicing is undergoing a significant transformation, driven by a surge in new state-level regulations impacting everything from licensing and consumer protection to data security and loss mitigation. [...]
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.
HighTechLending and Better Collaborate to Enhance EquitySelect HELOC Offering
Better's NEO Home Loans introduces HighTechLending's EquitySelect HELOC, aimed at high-credit borrowers navigating debt-to-income limitations.