Now is the time to help your customers make their remodeling dreams come true with access to a home equity line of credit (HELOC). This ebook covers: – The significant increase in home equity wealth – How the 2018 tax law affects HELOCs – Marketing trends to better target and identify potential HELOC customers – […]
Due to interest rate hikes and rising home costs, more and more potential homebuyers face being shut out of the market, especially at the entry level. Mortgage insurance (MI) offers flexible down payment options that can enable qualifying borrowers to act quickly on opportunities to buy a home before costs climb higher — locking in […]
Running a mortgage business is challenging and success depends upon the management of massive amounts of data that can quickly become overwhelming. Many mortgage businesses have no system for tracking their pipeline and many others have their highest paid staff working hours each week on manually building reports. It’s time to transition from being reactive […]
Machine Learning has begun to create new and highly promising avenues in the consumer lending industry. Learn how to progressively augment the applications of machine learning algorithms in your business operations to build efficient and effective systems, gain better insights for strategic decisions, and enhance your consumer experiences. This Tavant white paper emphasizes solutions applicable […]
Lenders need an efficient method to determine which borrowers have sufficient equity to qualify for a home equity loan. To accomplish this, they need access to a platform that meets three requirements. It must provide easy access to a wide range of valuation tools, be compliant and offer the transparency needed to demonstrate that compliance […]
The loan origination process was created decades before online banking – or even the internet – became widespread. In that time, the technology landscape has fundamentally shifted. With access to open APIs and validated source data, lenders like LendUS are leveraging data connectivity to completely reimagine their application experience. Following a comprehensive partner search, LendUS selected Blend […]
Protecting the collateral in a mortgage servicer’s portfolio through verification of adequate fire, flood and wind insurance is a requirement of investors and federal regulators. It is a complex process to consistently verify that the appropriate insurance is in place on the dwelling, paid timely and meets the requirements of the servicers as well as […]
Important state licensing questions: answered. Your peers asked, and we took their questions to the National Mortgage Licensing System (NMLS) Annual Conference to get answers from the regulators themselves. Publisher: Ellie Mae Date: April 2018 Fill out the form below to download our Ask a Regulator State Licensing Q&A Summary to learn more.
Compliance and Costs – lenders are getting hit from both sides as the cost of loan production and compliance continues to climb. Faced with these threats, lenders need a more reliable way to save time, money, and – most importantly – shield them from potential security risks. One crucial factor that’s overlooked is the compliance […]
Heightened borrower expectations for a fast, frictionless, and more digital loan process are putting significant pressure on lenders to be responsive in near real time. To better understand shifting borrower expectations for text messaging during the loan process, and how lenders’ use of texting measures up against those expectations, 500 borrowers and 350 lenders were […]
Everyone’s talking about digital mortgages. Yet few people, especially lenders, agree on what a “digital mortgage” really is—and what it isn’t. Fortunately, “The True Digital Mortgage” explains it all, including the surprising truth about what today’s homebuyers really want from lenders and why smart marketing automation is crucial for engaging borrowers at the “point of […]
Is your subservicer prepared to deal with the challenges that impact a borrower’s ability to pay? Homeowners need transparency, speed and tech innovation more than ever before. The recent hurricanes this past year forced lenders to assess how well their subservicers could handle an influx of borrowers who need support. The good news is that […]
For years appraisers—equipped with the purchase price—have provided their opinion of residential property market values, protecting the borrower from overpaying and the lender from over lending. The most cost-effective valuation solution for residential properties, AVMs can support the purchase agreement approximately 85% of the time without the benefit of knowing the purchase price. The accuracy […]
Most banks and lenders are still racing to figure out how to optimally provide a mortgage experience from application all the way to funding with as little human intervention as possible. With emerging alternative lenders aggressively entering the market, traditional banks and lenders are looking to the digital mortgage as a competitive advantage. While originators […]
Topics include: Research from a leading analytics firm on the value that updated credit scoring models will add to the mortgage market; Economic and competitive issues in the credit scoring market as detailed by an industry economist; and Legal and regulatory matters to consider as outlined by a former state banking commissioner. Publisher: Progressive Policy […]