27 Jul, 2021

What’s Making Processing Support Services Exceedingly Valuable for Non-QM Lenders in 2021?

processing support services for non-QM lenders

The Mortgage Market is currently undergoing a structural change in terms of its modus operandi, borrower profile, and the rapidly changing market norms. In the wake of the ongoing COVID-19 pandemic, the current scenario appears remarkably different from what it was just a couple of years ago. While the...

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23 Jul, 2021

Ways for Mortgage Lenders to Improve Closing Ratio

ways to improve closing ratio for mortgage lenders

Over the last several months, Lenders have been having consistent loan volumes, both in fresh purchases as well as in refinance.  Lenders can capitalize on these volumes to eventually increase the market share and make profits. With an increased market share, there is a need to convert loan applications...

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14 Jul, 2021

How Can Title Agents Achieve Growth Without Increasing Fixed Costs

How can Title Agents Achieve Growth without Increasing Fixed Costs

The primary task of Title agents is to ensure that property should have a defect-free title. They also need to brief the lender on valid liens and judgments related to the property vide the detailed property and tax reports on the property. The tasks of a title agent are...

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02 Jul, 2021

Mortgage Lenders Looking to be Profitable Amid Higher Refinancing

According to the latest data published by the Mortgage Bankers Association, the refinance volumes seem to be steady for the past few weeks. Even with a few swings in interest rates, the mortgage market has remained strong right through 2021. How will this continued refinancing trend be beneficial for...

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28 Jun, 2021

3 Actions Title Agents Can Take to Reduce Turn Time

3 Actions Title Agents Can Take to Reduce Turn Time

When it comes to selling and buying real estate, title agents do more than just process the transaction; they also work to protect both parties’ interests. Buyers want to move into their new home as soon as possible, while mortgage lenders expect the transaction to be compliant with applicable...

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11 Jun, 2021

The Most Common QC Mistakes while Lenders Originate Loans

The Most Common QC Mistakes While Lenders Originate Loans

Mistakes are inevitable. But repeated mistakes become problems when we do not correct them. And they become dangerous when we refuse to acknowledge they were mistakes in the first place. This is true in every facet of life and business, and loan originations are no exception. Through discipline and...

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04 Jun, 2021

How Lenders Can Stay Assured With Quality Compliant Loans

How Lenders Can Stay Assured with Quality Compliant Loans

Mortgage lending is a competitive market. In recent years, the rising costs, stricter compliance requirements, and the steady increase in loan applications have led to an increase in risks. Lending involves a lot of paperwork, data processing, and verification. This needs human resources and the right tools to ensure...

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25 May, 2021

An Interview with Peoples Processing Co-Founders – Sam Verma and Mridhul Prakash

interview-with-co-founders-sam-and-mridhul

SAM VERMA RECOGNIZED AS BRONZE STEVIE® AWARD WINNER IN 2021 AMERICAN BUSINESS AWARDS®   Question 1: Sam, how does it feel to be named as a winner of the Stevie Award? It is a matter of pride and humility. It is a recognition of the work we do to...

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11 May, 2021

Lender Profits Are Crashing Back to Earth

Lender profits are crashing back to earth

A recent article written by James Kleimann, published on HousingWire, describes how an increase in loan production costs is bringing lenders’ profits crashing back down to earth. According to the Mortgage Bankers Association’s latest quarterly performance survey, IMBs posted a net gain of $3,738 per originated loan in the...

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10 May, 2021

Contract Mortgage Loan Processing – One Stop Solution for Lenders

One Stop Solution for Lenders

In a highly competitive mortgage landscape, a reduction in the turnaround time can become a major differentiator in the business performance and in staying ahead of the competition. Now more than ever, mortgage lenders need to be diligent about implementing ways to streamline operations considering the unpredictable nature of...

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