A Lender is any entity involved in financially supporting the purchase of a property with an expectation of repayment; an issuer of loans.
It’s no secret that technology is moving the mortgage market. In fact, at this year’s MBA Annual Convention and Expo, technology was a common theme. The difference this year compared to years past, was a heavy focus on technology to meet borrower expectations. Borrowers are more tech savvy than ever. They’ve grown accustom to experiences […]
It’s predicted that the second half of 2016 will be good in terms of home sales, home prices, and new construction. As interest rates increase, however, there will be fewer refinances and single family mortgage originations, so competition among consumer direct and retail lenders will be more heated. This means, mortgage lenders will need to […]
As the summer mortgage season hits full stride there is a great deal of optimism about the housing market. Rates are holding steady, and still near historic lows, allowing first time mortgage buyers to afford more. In this new mortgage sales environment, the same old tactics won’t work. To successfully target first time home buyers […]
If you read our blog, you know we talk a lot about the challenges mortgage lenders are facing in the current market. These challenges really are extraordinary. Amid rising interest rates and rebounding home prices, lenders are witnessing a surge in purchase loans that hasn’t been seen for years, while the refinance market is drying […]