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Closing Protection Letters: When and Why They are Important

2022-01-21T01:22:23-08:00Private Money Lending|

Lenders often understand the necessary endorsements and particular policy coverages covered by a transaction funded by a Small Business Administration Loan (SBA), which could differ depending on the nature of the transaction involved. However, the majority of lenders may not be used to the [...]

Homebot Aims to Put Lenders at the Forefront of Online Search

2022-01-21T01:27:50-08:00Private Money Lending|

In a recent conversation with the CEO and Co-Founder of Homebot, Ernie Graham, on what it means for professionals in the lending industry to provide clients forever and how Homebot is involved through the entire home buying process, particularly with the home search, he [...]

Mortgage Cadence Releases Next Generation Loan Origination Software (LOS)

2022-01-16T19:39:51-08:00Private Money Lending|

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 [...]

The Importance of Trademark Protection for Financial Service Entities such as Lenders

2022-01-16T19:39:51-08:00Private Money Lending|

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 [...]

Understanding Loan Participation Agreements

2022-01-16T19:39:51-08:00Private Money Lending|

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 [...]

3 Strategies to Free up Capital and Fund New Loans

2022-01-16T19:39:51-08:00Private Money Lending|

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 [...]

Four Levers for Lenders to Increase Sales Velocity

2022-01-11T02:52:57-08:00Private Money Lending|

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 [...]

The Practice That Can Help Lenders Stop Losing Customers

2022-01-11T00:33:32-08:00Private Money Lending|

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 [...]

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