The Complexities and Nuances of Commercial Lending Licensing

2022-12-05T23:26:09-08:00Private Money Lending|

The private lending business keeps on booming and getting more profitable across sectors. For example, private lenders who issue mortgage loans for commercial purposes are now getting numerous state licenses to lend in several states across the US, not only confining their operations to [...]

Which Mortgage Tech Advancements have the Biggest Impact on the Industry?

2022-08-11T08:05:27-07:00Private Money Lending|

Lenders and borrowers gain from time savings and fewer glitches as the mortgage application process moves more and more online. Time, mistakes, and paper were saved by digital solutions that let customers input their assets, bank accounts, or revenue straight from the source. What [...]

Why Non-QM Lending is not Going Away?

2022-08-11T08:05:27-07:00Private Money Lending|

Due to the recent turmoil experienced by non-QM lenders, lenders in this market must remember that picking the correct non-QM product is the key to success with non-QM. The fundamental truth is that non-QM borrowers like self-employed individuals and real estate investors will always [...]

Mortgage Demand Increased After a Four-Week Decline

2022-08-11T08:05:27-07:00Private Money Lending|

According to the Mortgage Bankers Association, demand for mortgage loans soared last week as a gloomy economic outlook resulted in a drop in rates (MBA). As a result, for the week ending July 29, the market composite index, which tracks the amount of mortgage [...]

5 Things to Look for in a Third-Party Review Provider

2022-08-11T08:05:27-07:00Private Money Lending|

Due to the complexity of residential mortgage origination and the potential financial consequences of underwriting and origination errors, lenders must take all necessary precautions to minimize any risks relating to the borrower and the property. Due diligence is, therefore, a crucial component of every [...]

Fannie Mae to Accept Lender-Funded Down Payment Assistance

2022-08-11T08:05:27-07:00Private Money Lending|

The Federal National Mortgage Association of the United States, popularly known as Fannie Mae, has announced that it will now start purchasing mortgage loans with lender-funded grants in addition to payment assistance, closing costs, and monetary reserves. The modification might provide nonbank lenders with [...]

Fraud Risks Continue to Rise as the Market Contracts

2022-08-11T08:02:09-07:00Private Money Lending|

To encourage cooperation between federal and law enforcement agencies and private sector partners in monitoring and reporting for cyber-based crime events, language regarding Business Email Compromise (BEC) has been incorporated into two House Appropriations bills recently advanced by House negotiators. This action signifies more [...]

Factors Creating Difficulties in Mortgage Lending Operations

2022-08-18T07:24:41-07:00Private Money Lending|

From mortgage origination to servicing, lending businesses continuously struggle with high volume and strict regulatory supervision while managing a vast cohort of vendor partners. Added to those challenges is a rising interest rate environment where refinancing is becoming increasingly difficult due to growing competition, [...]

Can Tech De-risk the Mortgage Servicing Space

2022-08-11T08:01:52-07:00Private Money Lending|

There is, without a doubt, a need for regulatory innovation across the whole mortgage industry, but de-risking the mortgage servicing space is the most urgent. The industry is on the verge of another crisis with the potential to cause severe market misery due to [...]

The Closing Exchange: Signing Solutions for Lenders to Deliver eClosings

2022-08-18T07:24:24-07:00Private Money Lending|

More lenders are discovering that choosing the appropriate partner makes a difference as they try to achieve eClosings. At every level of their digital progress, The Closing Exchange (TCX) collaborates with its clients to configure solutions to complement their workflow. As a result, TCX [...]

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