To sell loans to Fannie Mae and Freddie Mac, the Federal Housing Finance Agency will now compel lenders to give data on customers' language preferences, resulting in fair lending litigation. According to the regulator, lenders for traditional mortgages will be expected to provide information [...]
Building a successful eClose strategy can put you as a lender on the path to gaining more operational effectiveness and efficiencies. Ensure a better borrower experience and stay ahead of your competitors in the lending space. Hybrid eClose mortgages help lenders improve their customers' [...]
Finding the best methods to use automation as it continues to impact the real estate market significantly can help lenders sharpen their competitive edge. Lenders are virtually always thinking about accomplishing more with less, automating as much of the process as feasible. However, many [...]
eVaults are a significant aspect of any end-to-end digital mortgage transformation. They make it possible for lenders to create and securely keep eNotes and speed up capital market transactions. eVaults also help borrowers have a better customer experience by streamlining contacts with other mortgage [...]
With the housing market in flux, originators are looking for profitable possibilities to help borrowers and their bottom lines. In light of the recent happenings in the housing market, there is no better time to educate and enlighten lenders and borrowers about reverse mortgage [...]
A loan modification alters the conditions of a lender's mortgage, making it more accessible to borrowers. For example, suppose eligible borrowers have trouble making their monthly mortgage payments or have fallen behind and face foreclosure. In that case, a loan modification may be the [...]
Mortgage lenders around the country are dealing with a turbulent housing market because of the Federal Reserve's recent rate hike, the ongoing crisis in Ukraine, and the ongoing economic recovery following the pandemic. Lenders are also preparing for expected margin compression in the next [...]
The Metaverse is an artificial digital world where users may interact with and mimic the actual world using virtual reality and augmented reality. In addition, virtual real estate is now a part of Metaverse's offers as it grows. Actual Real Estate is referred to [...]
Axylyum Charter, a firm intended at revolutionizing the troubled mortgage-backed asset field through innovation, is positioning its solution, AXY Wrap, as the parachute required to accompany the lending industry's future. The product serves as new protection for retail and wholesale lenders by removing the [...]
Lenders have always taken a "less is more" attitude to asset paperwork, which is understandable. However, obtaining, examining, and (often) re-requesting statements for all parties concerned can be tedious and time-consuming. Borrowers must supply lenders with all statement pages, including those purposely left blank [...]
