At a time when diversity and inclusion is receiving increasing attention in businesses across the world, the housing sector is still further behind than the country as a whole. While sustainable homeownership has been one of the main drivers of wealth accumulation, there still remains a socioeconomic inequity when...
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According to a recent article on HousingWire, the average 30-year-fixed rate mortgage decreased to 3.05 percent during the week ending Dec. 23, down from 3.12 percent the week before, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the average 30-year fixed-rate mortgage was 2.66...
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AUSTIN, TX – Dec 22, 2021– Peoples Processing, Inc., announced today that their CEO, Sam Verma has been honored with the ‘Thought Leader Award’ for 2021 by PROGRESS in Lending Association. The Thought Leader Award honors the leaders that are not afraid to step forward, blaze a new trail,...
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The demand for mortgage processing stayed high in 2021 and shows signs of a steady increase in 2022 too. Aidan Paringer of BNTouch, states that “from integrated home buying services, virtual loan officers, digital mortgages, voice assistants, to crowdfunded mortgages and changing Millennial qualifications, the wants, needs, and expectations...
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AUSTIN, TX – Dec 13, 2021– Peoples Processing, Inc., announced today that their CEO, Sam Verma has been honored with Mortgage Lending Women of Inspiration Award for 2021 by National Mortgage Professional Magazine. The annual awards program honors women leaders in the mortgage industry who spark inspiration via mentorship,...
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A non-qualified mortgage loan, commonly known as a Non-QM loan, is a type of mortgage loan where alternative methods are used for income verification. It could be through bank statements or done by using assets as income. The Non-QM loan is the option available for investors, foreign nationals, and...
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Underwriting is a crucial stage in the mortgage process. It helps lenders decide whether or not to approve the loan. In addition, the underwriter ensures that the lender doesn’t close mortgages the borrower can’t afford. Therefore, lenders face minimal risk. Underwriting tends to be expensive for lenders since it...
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From loan boarding to final closure, mortgage origination entails several steps that result in the borrower receiving a house loan. Unfortunately, the process poses a number of challenges for both the lender and the borrower due to the industry’s strict laws and structure. Lenders need to invest in the...
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Gary Eakin – Senior Vice President, Mortgage Solutions at Peoples Processing The ongoing COVID-19 pandemic has led to several changes for the mortgage industry. Borrower profiles and market norms have also radically changed. However, even with the current mortgage environment, the opportunity exists for lenders who are open to...
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AUSTIN, TX – Dec 02, 2021– Peoples Processing, Inc., announced today that their CEO, Sam Verma has won a 2021 Women With Vision Award from 20 / 20 Vision for Success Coaching. This is the third year the company has recognized top women professionals in the mortgage and real...
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