15 Apr, 2021

Ways to Improve Efficiency in your Underwriting Process

Ways to Improve Efficiency in your Underwriting Process

Mortgage Processing is complex and data-intensive. With the rise in mortgage requirements over the years, the competition among lenders has been increasing too. To stand apart and offer the customers the best, time, efficiency, and accuracy of loan processing remain vital and so does the process of underwriting. Financial...

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09 Apr, 2021

Streamlining Default Servicing – Ways to Do It

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The current environment in default servicing is complex. Frequent new regulatory and policy updates mean lenders and servicers of all sizes are struggling to keep up. Besides, growing customer expectations also pose unprecedented challenges for lenders and servicers alike. The large number of mortgage forbearances currently in place has...

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23 Mar, 2021

5 Key Factors to Consider When Choosing Mortgage Outsourcing Partner

5 Key Factors to Consider When Choosing Mortgage Outsourcing Partner

“Even as rates rise modestly, the housing market remains healthy on the cusp of spring homebuying season. Homebuyer demand is strong and, for homeowners who have not yet refinanced but are looking to do so, they have not yet lost the opportunity”, reports Freddie Mac’s Economic & Housing Research...

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15 Mar, 2021

Loan Modification Process Outsourcing Saves Servicers Time and Money

Loan Modification Process Outsourcing Saves Servicers Time and Money

Given the economic impact of the pandemic, mortgage defaults have been a stark reality. In this situation, loan modification is one option that can be beneficial to mortgage servicers as well as borrowers since foreclosure is never a preferred solution to either parties. For borrowers, a foreclosure will result...

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08 Mar, 2021

Some of the Top Women, We are Influenced By (In Mortgage and Allied Industries)

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03 Mar, 2021

The Role of Fetching Borrower Docs in Improving Closing Ratios

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Closing ratios are important for mortgage lenders and we previously touched base on it through the post, In a nutshell, closing ratios are the indicators of process efficiency and the number of closures, and fairly reveal the profitability of the mortgage business. Buyers usually check out different lenders, compare the...

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25 Feb, 2021

The Need for Mortgage Loan Modification

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Even as vaccines have offered some hope that the economy could be back up on its feet in the second half of the year, the months before that are likely to remain challenging. The private sector has added just 6,000 jobs, hardly much to register against the millions of...

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17 Feb, 2021

Boost Closing Ratio and Improve Profitability

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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 rates, loan volumes have been high and it is an opportunity for lenders to capitalize on. However, it is imperative that lenders are able to...

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05 Feb, 2021

Improving Accuracy in Loan Boarding and Set Up

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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. This in turn has driven the mortgage rates lower and amplified the competition within the mortgage lending industry intensifying the pressure on the mortgage servicing...

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28 Jan, 2021

6 Things To Check Before You Select Your Mortgage Support Partner

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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. This has become even more important in recent times. Low mortgage rates led to a major rise in demand and a surge in refinance activity...

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