You are a servicer if you possess a private mortgage note and handle the servicing (collection of payments) yourself. These guidelines and enforcement operations apply to you. If you'd prefer to delegate that responsibility to someone else, contact us today, and we'll take care [...]
There are several predictions as to what to expect in the lending industry as 2022 draws nearer. Here are some of the changes to expect as discussed briefly: A rise in Interest rates: Many sources, including the Mortgage Bankers Association, has predicted that there [...]
In a recent interview with Michael Stallings, the Vice President of Comergence, he said, "The social media landscape is always changing. What matters to originators is to ensure that they keep calm and don't just jump to the next shining platform in the social [...]
The lending market is evolving again, and this time around, the industry and its players must respond to new regulations effectively. The Government of the United States has made it plain that lenders will be entrusted with helping the underrepresented communities in the country [...]
Today's home mortgage market is characterized by a unique collection of circumstances that have accumulated on top of one another. This has created a level of strain and urgency that has never been seen before, bringing a perceptible "heat" to every sector of the [...]
Since the pandemic hit in late 2019, mortgage delinquency has dropped drastically, with the lowest being experienced lately. However, borrowers and lenders are still going through several financial challenges. As of August 2021, about 4% of mortgages in the United States were delinquent for [...]
MBA is expecting a sharp hike in forbearance exits over the coming month. In August, the number of loans in forbearance stood unchanged from the usual 3.25% for the week. According to the most recent report from the Mortgage Bankers Association, 1.6 million homeowners [...]
With the recent activities surrounding the rate at which mortgage rates are fast rising, the lenders have made an important announcement of the launch of SOFR ARMs products, specially for the broker channel. Homepoint, a Michigan-based wholesale lender's latest firm, is one of the [...]
The lending market has not been left out of the massive disruption with the pandemic disrupting global activities. Several strategies implemented by private lenders to fully understand why borrowers defaulted are no longer viable enough to be relied on. With the new norms, a [...]
Sarah Wheeler, Editor-in-Chief of Housing Wire, spoke with Network Funding, LP Head of Product Nicholas Ripple, Tim Nguyen, CEO and Co-Founder of BeSmartee, and Amy Brandt, President of First American Docutech, to learn how the Point Of Sale (POS) software may help improve the [...]
