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Purchase Mortgage Applications Defy Surging Rates

2022-06-23T20:11:08-07:00Private Money Lending|

According to the most recent Mortgage Bankers Association (MBA) survey for June 17, mortgage applications jumped 4.2% from the previous week despite mortgage rates reaching their highest level in 14 years. Joel Kan, associate vice president of economic and industry forecasting for the trade [...]

Blockchain and the Mortgage Industry: The Early but Important Days

2022-06-23T19:54:26-07:00Private Money Lending|

When blockchain technology emerged in 2008 and became popularized by Bitcoin, thoughts about completely decentralized commerce and futures without banks erupted in rapturous public discourse. However, this future is still being formed. Today, networks of blockchains are being approached in a more regulated and [...]

Ways to Grow Your Mortgage Broker Business

2022-06-19T22:13:54-07:00Private Money Lending|

Here are three pointers to consider as you expand your mortgage broker firm. Make Realistic Goals You can set ambitious goals, but remember that they must be attainable. For example, what is the maximum size of your mortgage broker business? How much money do [...]

Why Lenders Should Choose In-Person Electronic Notarization Over Remote Online Notarization

2022-06-19T22:13:54-07:00Private Money Lending|

According to lenders and homeowners, the traditional in-person signing system has long been riddled with inefficiencies. Moreover, traditional techniques for completing in-person signings are not without their challenges; they have only become more apparent in recent years as digitization has increased in an increasingly [...]

Are these Factors Creating Chaos in the Mortgage Lending Operations?

2022-06-10T07:12:09-07:00Private Money Lending|

Companies continually deal with high volume and tight regulatory supervision while managing a huge cohort of vendor partners, from mortgage origination to servicing. To be competitive when the pressure is on, lenders must provide higher levels of customer satisfaction, lower costs, or both. Increased [...]

How Top Originators can Build and Retain Borrower Relationships

2022-06-10T07:10:58-07:00Private Money Lending|

It's more crucial than ever to nurture existing borrower connections in the face of a competitive buying market. In light of this, HW Media CEO Clayton Collins spoke with Steve Reich, COO of Finance of America Mortgage, to learn more about the strategies used [...]

The Industry Supports FHA’s 40-year Loan Term Option

2022-06-10T07:11:13-07:00Private Money Lending|

Until the end of May, the mortgage industry has to comment on the Federal Housing Administration's (FHA) proposed 40-year loan modification regulation. While four major trade associations expressed approval, they also suggested some changes. The Mortgage Bankers Association, Housing Policy Council, National Association of [...]

Appraisal Modernization: A Top Priority for Lenders

2022-06-02T06:52:14-07:00Private Money Lending|

According to a Fannie Mae study released in mid-May, mortgage lenders find benefits in appraisal modernization, particularly in introducing non-traditional appraisals and inspection-based appraisal exemptions. However, when it comes to what they are investing in, they have a few more important considerations. 94% of [...]

How Loan Brokers can Reach More and New Borrowers with Non-QM

2022-05-31T06:10:45-07:00Private Money Lending|

Due to increasing interest rates, agency loan originations are down dramatically this year. Fannie Mae has reduced its forecasted number of single-family mortgage originations for 2022 from $3 trillion to $2.8 trillion. As a result, many brokers resort to non-QM to boost their income [...]

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