Introducing Our Revamped Online Loan Submission Form!

2024-02-15T09:34:22-08:00private money loan servicing, Timely|

At Note Servicing Center, we are committed to providing you with the best mortgage note servicing experience possible. As part of our ongoing dedication to innovative technology and streamlined processes, we are thrilled to announce the launch of our new and improved online [...]

Growing Trend: Homebuyers Turning to Family for Financial Support

2023-10-12T08:53:02-07:00private lender loan servicing, Articles, Timely|

A recent survey conducted by LendingTree reveals that a significant number of today's homebuyers are relying on financial support from their families to achieve their dream of homeownership. The survey, which included 2,000 adults, found that 39% of homeowners have received assistance with their [...]

How Lenders Can further Improve the Business Model in 2022


Lenders are looking to take advantage of anticipated downtime by upgrading their internal processes as 2022 proves to be a difficult year for the lending industry. Lenders compete for time and resources all the time. The last two years have been spent completing, shipping, [...]

CFPB Wants Lenders to Disclose Reasons for Denial of Credit


After investigating whether companies claiming exemption because they rely on "complex algorithms" violated federal anti-discrimination law, the Consumer Financial Protection Bureau confirmed on Thursday, May 23rd, that all lenders must explain their rationale when denying credit to loan applicants. According to legal experts, the [...]

CFPB Report Highlights Outliers in the Industry Doing a Poor Job of Servicing


This week, the Consumer Financial Protection Bureau (CFPB) released a report on servicers' performance in the second half of 2021. According to the research, services improved their call metrics on average, although some continue to fall behind in aiding borrowers. For example, from May [...]

Non-QM Lenders Struggle to Navigate Volatile Waters


Fast-rising interest rates are fuelling today's mortgage market catastrophe. The rate hikes began in January and are still going on. The mortgage business is dealing with rapidly growing inflation, exacerbated by congested supply chains, the escalating war in Ukraine, and the linked, expanding sanctions, [...]

California Housing Speculation Act: California Flip Tax Bill Raises Concerns for Lenders


AB 1771, also referred to as the California Housing Speculation Act (the "Act"), seeks to tax the percentage of capital gain from the sale or exchange of residential properties within three years of the purchase of the property by an investor at a higher [...]

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