There have been several ups and downs in the US mortgage industry over the past decade. However, one of the major factors that have been impacting profitability and business efficiency is profit margin compression. Lender profit margin expectations have steadily fallen over the years since 2015. The recent...
Read more
Irrespective of which business you are in, digitizing your business is one important step to take, and this is no exception for mortgage lenders. Incorporating technologies into a whole lot of application processing helps to reduce the burden of having to process loads of documents manually or semi-manually....
Read more
Pandemics change human societies at many levels. The COVID-19 dramatically restructured the work model that had been around since the start of the industrial revolution. During the past year and a half, workers’ expectations have evolved. And according to a new Bankrate survey, this shift in mindset has over half...
Read more
According to a recent article on Businesswire, the new report, High Demand, Higher Hurdles in the Mortgage Market, reveals key findings around consumers’ issues during the mortgage process and how digital solutions are starting to provide relief. According to the report, 89% of respondents find the loan application more stressful than the home-buying...
Read more
The mortgage industry has been recently experiencing a significant digital transformation. Experts have pointed out that the technological shift has been accelerated by two chief factors – the need to deal with the challenges brought about by the pandemic and the rise in tech-savvy home buyers. The pandemic and...
Read more
The housing market experienced an all-time high in 2021 due to a mix of low-interest rates and limited availability in desired areas leading to an overall increase of 16.9%, according to data from Freddie Mac. Market conditions in 2022 are, of course, not exactly the same, which has prompted...
Read more
The US housing market created a history of sorts throughout 2021. Housing supply fell to a record low with buyers scooping up homes faster than ever before. Now, experts say the housing demand will likely stay strong even in 2022. As per the Mortgage Bankers Association (MBA) forecast, mortgage...
Read more
There is no doubt that Non-qualified mortgages continue to attract the interest of progressive mortgage lenders. The attraction of lenders to Non-qualified mortgages is also due to several factors such as ; The increasing competition amongst lenders in the qualified mortgage sector Tight and strict business conditions such as...
Read more
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...
Read more
