Even as vaccines have offered some hope that the economy could be back up on its feet in the second half of the year, ...
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The Mortgage Industry is extremely competitive. With escalating customer demands, digitization is the key to ensure fast and accurate processing. With the current low-interest ...
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The Federal Reserve has been on a buying spree, and now owns nearly a third of bonds backed by home loans in the U.S ...
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The mortgage industry is a volatile and evolving industry. To adapt and respond proactively, it’s good for lenders to explore mortgage process outsourcing options ...
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The mortgage loan origination process is human-intensive and time-consuming. At a time when there is so much uncertainty around, there are several challenges the ...
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The Federal Housing Finance Agency earlier last week announced the latest versions of the government-sponsored enterprises’ underserved markets plans for 2021, which include opportunities ...
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Even though the housing market was booming in 2020, high unemployment has meant millions of Americans are struggling to make mortgage payments. The CARES ...
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2020 has been an amazing year for the mortgage industry, with rates hitting record lows. 2021 too is likely to see low rates with ...
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CFPB recently released rules that revamp and expand its standards for what counts as a Qualified Mortgage, swapping out an old debt-to-income limit and ...
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The Covid-19 pandemic forced most industries to innovate and find new ways to ensure business continuity. In response to social distancing measures and recommendations ...
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Mortgage processing is considered one of the most complex financial processes undertaken by banks and financial organizations. Several key challenges arise in such a ...
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According to Black Knight’s Mortgage Monitor report, 2.4 million out of 6.1 million homeowners who have been in COVID-19 related forbearance plans have exited. And ...
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Mortgage origination has all along been a human-intensive and time-consuming process where it takes 35 to 40 days to close a loan. Despite a ...
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An old adage states that it is cheaper to retain an existing customer than to source a new one. For years, mortgage servicers have ...
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It’s clear that the servicing industry is continuing to place a laser-like focus on improving and controlling the borrower experience when servicing loans. The ...
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The coronavirus pandemic has put mortgage servicers to the test, with record-low rates, skyrocketing unemployment, and rising delinquencies creating a surge in forbearance requests ...
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As per WSJ  reports, "the current recession has made it particularly hard to determine who is creditworthy: Millions of Americans are behind on their debts ...
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Mortgage loan servicing business is experiencing significant challenges due to the COVID-19 crisis. With a rise in defaults, driven by surging unemployment, servicers are ...
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