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6 Factors Mortgage Lenders Should Assess For Evaluating the Health of the Housing Market

2023-01-27T13:41:08-08:00private loan servicing company, private mortgage loan servicing companies|

There are six key indicators that mortgage lenders should assess when evaluating the health of the housing market. These indicators are: 1) home prices, 2) affordability, 3) inventory, 4) mortgage rates, 5) mortgage credit availability, and 6) consumer confidence. While all of these indicators are important, home prices and affordability are the most important in determining the health of the housing market. If home prices become unaffordable, it could lead to a decrease in demand and a decrease in overall market activity.

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Make Money with Proactive Fund Management – Learn How To Improve Your Portfolio

2023-01-27T13:41:04-08:00loan servicing for private money lenders, private mortgage servicing companies|

Most people think of fund managers as people who just sit back and wait for the right opportunity to invest. However, the best fund managers are actually very proactive. They are always on the lookout for new opportunities and they are always trying to find ways to improve their portfolios. This means that they are constantly buying and selling stocks, and they are always looking for new ways to make money. This can be a very risky business, but it can also be very profitable.

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Attract Serious Buyers: Get the Right Real Estate Agent & Price Your Home Right – SEOMOZ

2023-01-27T13:41:31-08:00loan servicing private lenders, private loan servicing company|

In today's ultra-competitive real estate market, it's more important than ever for home sellers to do whatever they can to make their home stand out. One way to do this is to focus on getting homebuyers' attention from the very beginning. There are a number of ways to do this, but one of the most effective is to work with a real estate agent who has a strong online presence. This will ensure that your home is seen by as many potential buyers as possible. Additionally, it's important to make sure that your home is priced competitively and that it's in good condition. By taking these steps, you'll be more likely to attract serious buyers who are willing to pay a fair price for your home.

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FHFA: Mortgage Loan Guarantee Fees Changed to Reduce Costs for Borrowers

2023-01-27T13:41:49-08:00private lender servicing, private mortgage loan servicing|

In an effort to make pricing more uniform and to reduce the overall costs of getting a mortgage, the Federal Housing Finance Agency (FHFA) is making changes to the way that guarantee fees (g-fees) are charged. Upfront g-fees will no longer be assessed on loans with terms of 15 years or less, and all other g-fees will be decreased by 10 basis points. This will result in savings for borrowers, especially those who are taking out shorter-term loans.

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Expand Your Access to Credit with the New Credit Model from the FHFA

2023-01-27T13:41:58-08:00private lender loan servicing, private mortgage servicing companies|

The FHFA is set to replace the classic FICO score with a new credit model that is more inclusive of a wider range of borrowers. The new model will consider factors such as rent and utility payments, which are not currently included in the FICO score. This change is expected to help expand access to credit for millions of Americans who have been historically underserved by the financial system.

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AAPL Partners with Lightning Docs for Official Loan Document Provider | Discounts Available

2023-01-27T13:43:27-08:00loan servicing private lenders, private lender servicing|

The American Association of Private Lenders (AAPL) has partnered with Lightning Docs to serve as the official loan document provider for the organization. As a result of the partnership, AAPL members will have access to Lightning Docs' online platform, which offers a variety of customizable loan documents and e-signatures. The partnership will also provide AAPL members with discounts on Lightning Docs' services.

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Understanding Yield Spread Premium (YSP) from a Mortgage Broker | Compare Mortgage YSPs Before Making a Decision

2023-01-27T13:45:20-08:00loan servicing private lenders, private lender servicing|

A mortgage broker's yield spread premium (YSP) is the difference between the mortgage interest rate that the borrower pays and the rate that the lender pays the broker. The premium is paid by the borrower to the broker as an upfront fee at closing. YSPs can vary significantly from one mortgage broker to another, so it's important for borrowers to compare premiums before selecting a broker.

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How Loan Originators Can Be Successful in the New Mortgage Industry

2023-01-27T13:47:44-08:00loan servicing for private money lenders, private mortgage servicing|

The mortgage industry has changed a lot in the last few years, and loan originators need to change their mindset in order to be successful. The old way of thinking about getting new business, building a client base, and generating referrals is no longer effective. Loan originators need to focus on providing an exceptional customer experience, being transparent and upfront about fees, and being available 24/7. With the right mindset, loan originators can be successful in the new mortgage industry.

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Anti-Money Laundering Compliance Requirements for Private Lenders: Understanding the Basics and Necessary Documents

2023-01-27T13:50:18-08:00private money loan servicing, private mortgage servicing companies|

As a private mortgage loan servicing company, it is important for us to understand the requirements for anti-money laundering compliance. Lenders need to know about the customer's source of funds, their occupation, and their residency status. In addition, lenders need to obtain a copy of the borrower's passport or government-issued ID. We must also keep records of all transactions, including wire transfers.

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Navigating the Private Mortgage Loan Industry in the Face of Disastrous Housing Market Predictions | Private Lenders

2023-01-27T13:50:55-08:00private lender loan servicing, private money loan servicing|

Fannie Mae has released a report forecasting a dismal housing market for the next two years. The report cites numerous factors including the current pandemic, rising unemployment, and a decrease in overall consumer confidence. This is obviously not good news for the housing market or for those who are involved in it, such as private mortgage loan servicing companies. The report does offer some hope, however, noting that the market has shown resilience in the past and could rebound sooner than expected if the current situation improves. In the meantime, servicing companies will need to be prepared for increased default rates and foreclosures.

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