How source data is transforming lending Encouraging borrowers to share their financial information for a mortgage used to be like pulling teeth, but times have changed. Borrowers now regularly connect their financial accounts to services like Mint. This new borrower behavior means it’s never been more important for lenders to be able to explain the […]
The rapid pace of innovation in the mortgage industry has changed how modern lenders market to consumers. Yet, many lenders today are trying to build their marketing and sales growth engine on outdated technology and practices. To position your salespeople for success – and your company for growth – you need the right tools, processes […]
Lenders spend money serving borrowers early on in the application process, even when those borrowers don’t end up qualifying for a loan or go with another mortgage company. Losing borrowers early on leaves lenders footing the bill for these application expenses, adding unnecessary costs to an already over-strained business model. As such, lenders need to […]
In the mortgage industry’s quest to execute a fully digital mortgage, the benefits of e-recording have been largely overlooked. However, e-recording delivers tremendous benefits in terms of efficiency and risk mitigation – all while being easy to implement and even easier to execute. This white paper outlines how e-recording is one of the most efficient, […]
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 […]
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 […]
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 […]