Tips for Successful Private Lending | Avoid Lending to Friends & Family | Loan Portfolio Diversification & More

2023-01-27T13:40:54-08:00loan servicing private lenders, private loan servicing company|

In order to be a successful private lender, there are a few things to avoid. First, do not lend money to friends or family. Secondly, make sure to diversify your portfolio by lending to different types of people and businesses. Third, do not put all of your eggs in one basket by lending too much money to one person or entity. Fourth, do not let emotions get in the way of making smart lending decisions. Finally, make sure to keep good records and communicate often with your borrowers. By following these tips, you will be well on your way to becoming a successful private lender.

Prepare for Home Sales Decline in 2023: Fannie Mae Warns of Decrease in Purchasing Power, Interest Rates, and Affordability

2023-01-27T13:41:15-08:00private loan servicing company, private mortgage loan servicing companies|

According to Fannie Mae, home sales are expected to nose dive in 2023. The decrease in sales is attributed to several factors including: the decrease in purchasing power for buyers, the rise in interest rates, and the decrease in affordability. In addition, the number of homes on the market is expected to decrease, further hindering buyers. Despite the decrease in sales, Fannie Mae expects prices to continue to rise due to strong demand and limited supply.

Attract Serious Buyers: Get the Right Real Estate Agent & Price Your Home Right – SEOMOZ

2023-01-27T13:41:31-08:00loan servicing private lenders, private loan servicing company|

In today's ultra-competitive real estate market, it's more important than ever for home sellers to do whatever they can to make their home stand out. One way to do this is to focus on getting homebuyers' attention from the very beginning. There are a number of ways to do this, but one of the most effective is to work with a real estate agent who has a strong online presence. This will ensure that your home is seen by as many potential buyers as possible. Additionally, it's important to make sure that your home is priced competitively and that it's in good condition. By taking these steps, you'll be more likely to attract serious buyers who are willing to pay a fair price for your home.

MBA Student Lillian Broeksmit Criticizes CFPB: Consumer Financial Protection Bureau Watch website, Wall Street Journal articles & Interview Discussing How Regulations Hurt Consumers.

2023-01-27T13:41:40-08:00loan servicing for private money lenders, private loan servicing company|

MBA student Lillian Broeksmit created a website called "Consumer Financial Protection Bureau Watch" to criticize the agency's policies. She has written articles critical of the CFPB for several publications, including The Wall Street Journal. In an interview, she said that the agency's regulations are "hurting consumers more than they're helping."

UWM Offers an Innovative Title Process for Easier Home Buying and Refinancing

2023-01-27T13:43:47-08:00private loan servicing company, private mortgage loan servicing companies|

As the lending process becomes more and more difficult, many people are looking for alternatives to the traditional banks. UWM offers an innovative new title process that could speed up the process and get people the money they need faster. This could be a great option for those who are looking to buy a home or refinance their current home.

Navigating the New Tax Season – How Servicers Can Prepare for the Tax Law Changes and Reduced Refunds

2023-01-27T13:44:25-08:00private loan servicing company|

The article discusses how the upcoming tax season will be different for servicers. It will be the first time that servicers will have to comply with the new tax law, which may cause confusion and delays. Additionally, the IRS is expected to issue fewer refunds, which could reduce the amount of money that servicers receive.

Protect Yourself from Losses & Ensure Loan Quality | Top Mortgage Underwriting Strategies

2023-01-27T13:46:47-08:00private loan servicing company, private mortgage servicing companies|

As the mortgage industry continues to rapidly change, it is becoming increasingly important for lenders to maintain loan quality. There are a number of ways to do this, including ensuring that underwriting standards are met, establishing clear communication channels with borrowers, and being proactive in monitoring the loan portfolios. By taking these steps, lenders can help protect themselves from losses and ensure that their loans are of the highest quality possible.

Adapt to a Mortgage Rate Lockdown: Strategies for Loan Originators

2023-01-27T13:44:44-08:00private loan servicing company, private mortgage servicing companies|

In the mortgage industry, loan originators are struggling to keep up with a mortgage rate lockdown. Lenders are suspending or refusing to quote rates, and originators are scrambling to keep up with the changes. Someoriginators are turning to technology to help them keep track of the ever-changing landscape, while others are relying on their network of contacts to stay up-to-date. Ultimately, originators need to be prepared to adapt to change in order to survive in the current market.

New Advisory Housing Committee Formed: Positive Development for Private Mortgage Loan Servicers

2023-01-27T13:51:29-08:00private lender servicing, private loan servicing company|

The article discusses the new Advisory Housing Committee that the Federal Housing Finance Agency has formed. The committee is made up of representatives from the private mortgage loan servicing industry, and its purpose is to provide input and advice to the FHFA on housing finance policy issues. This is a positive development for the private mortgage loan servicing industry, as it provides a formal avenue for the industry to have a voice in shaping housing finance policy.

Protect Your Interests with Mortgage Loan Servicing: Learn About AML Red Flags and Tips to Avoid Them

2023-01-27T13:51:54-08:00private loan servicing company, private money loan servicing|

As a private mortgage loan servicing company, we are always looking for ways to better protect our clients' interests. In this article, we explore the topic of anti-money laundering (AML) and red flags. AML is an important issue for all financial institutions, and it is one of our top priorities. We review some of the common red flags associated with AML, and we offer some suggestions on how to avoid them.

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