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Freddie Mac to Include Bank Account Data in Underwriting Process – Taking Steps to Better Assess Financial Health of Borrowers

2023-01-27T13:40:28-08:00private loan servicing company, private money loan servicing|

Freddie Mac is set to include bank account data as part of their underwriting process in an effort to better assess a borrower’s financial health. This change is being made in response to the growing number of borrowers who are choosing to bank online and use alternative financial products. By including bank account data in the underwriting process, Freddie Mac will be able to get a more complete picture of a borrower’s financial situation. This will allow them to better assess risk and make more informed lending decisions. This change is scheduled to go into effect in early 2020.

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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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UWM Offers an Innovative Title Process for Easier Home Buying and Refinancing

2023-01-27T13:43:47-08:00private loan servicing company, private mortgage loan servicing companies|

As the lending process becomes more and more difficult, many people are looking for alternatives to the traditional banks. UWM offers an innovative new title process that could speed up the process and get people the money they need faster. This could be a great option for those who are looking to buy a home or refinance their current home.

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Protect Yourself from Losses & Ensure Loan Quality | Top Mortgage Underwriting Strategies

2023-01-27T13:46:47-08:00private loan servicing company, private mortgage servicing companies|

As the mortgage industry continues to rapidly change, it is becoming increasingly important for lenders to maintain loan quality. There are a number of ways to do this, including ensuring that underwriting standards are met, establishing clear communication channels with borrowers, and being proactive in monitoring the loan portfolios. By taking these steps, lenders can help protect themselves from losses and ensure that their loans are of the highest quality possible.

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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 Consumer Transaction Data Is Playing a Role in Increasing Homeownership Access

2023-01-27T13:47:02-08:00loan servicing private lenders, private money loan servicing|

The role of consumer transaction data has been increasing over time, and has been shown to play a role in increasing homeownership access. The data helps to identify potential borrowers who may not have been able to get a loan previously, and helps to improve the accuracy of underwriting. It also helps to improve the transparency of the process, and to provide borrowers with more information about their options.

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Creating a Successful Private Lending Business | Understanding the Process and Building Relationships

2023-01-27T13:50:46-08:00private money loan servicing, private mortgage servicing companies|

In order to have a successful and lasting private lending business, it is important to have a clear path and plan. This means having a clear understanding of the goals and objectives of the business, as well as the specific steps that need to be taken in order to achieve those goals. It is also important to have a strong foundation in place, which includes a solid understanding of the private lending process and the various risks involved. Finally, it is also important to build strong relationships with both borrowers and lenders, in order to create a mutually beneficial and lasting partnership.

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Discover How Private Lenders Are Adapting to Desktop Appraisals and Keeping the Housing Market Moving During COVID-19

2023-01-27T13:51:18-08:00loan servicing for private money lenders, private lender loan servicing|

As the housing industry continues to adapt to the COVID-19 pandemic, one of the most noticeable changes has been the increased use of desktop appraisals. This shift has been driven by both the need for social distancing and the fact that many appraisers are not comfortable entering homes right now. For private mortgage loan servicing companies, the move to desktop appraisals has been a bit of a mixed bag. On the one hand, it has made it easier to get appraisals completed in a timely manner. On the other hand, it has created some new challenges, such as ensuring that appraisers have the necessary data to complete a thorough analysis. Overall, the industry is adapting well to the new normal of desktop appraisals. While there are still some kinks to be ironed out, the move has been generally positive and has helped to keep the housing market moving during these difficult times.

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New Advisory Housing Committee Formed: Positive Development for Private Mortgage Loan Servicers

2023-01-27T13:51:29-08:00private lender servicing, private loan servicing company|

The article discusses the new Advisory Housing Committee that the Federal Housing Finance Agency has formed. The committee is made up of representatives from the private mortgage loan servicing industry, and its purpose is to provide input and advice to the FHFA on housing finance policy issues. This is a positive development for the private mortgage loan servicing industry, as it provides a formal avenue for the industry to have a voice in shaping housing finance policy.

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