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...

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...

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...

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...

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...

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...

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...

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...

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...