05 Oct

How to make Mortgage Originations more efficient

Mortgage OriginationsMortgage Origination is an essential process that deals with the creation of new mortgage loans. It involves the mandatory and statutory documentation of all legal papers and the process of marketing the mortgage to consumers. It also includes the qualification of the buyer and the processing of the mortgage loan, concluding with the placement of the mortgage on the lender’s books. Read More

22 Aug

Four Essential Facts on Mortgage Servicing

Four Essential Facts on Mortgage Servicing

A mortgage servicing process typically includes the activities of loan payment collections and similar services related to mortgages and mortgage-backed securities. It is a specialized task, which might require the expertise of a dedicated third-party, usually known as the service, who handles the day-to-day tasks of administering the loan. As it’s an essential responsibility, lending institutions might be prompted to hire one or more for the purpose.

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10 Aug

The Role of Technology in Mortgage Industry

The Role of technology in Mortgage Industry

As technology has turned into a pivotal aspect in almost every industry, it’s safe to say that even the housing industry has been smitten by the technology bug. It’s because the online search has now turned into the most effective method of finding a home for prospective home buyers. The digital transformation has also had its impact on the mortgage industry as increasing number of lenders has quickly digitalizing the process, right from application to closing.

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27 Jul

Current Trends in the Mortgage Industry

mortgage industry trends

The U.S. housing market’s size runs into trillions of dollars, making it the largest asset class in the world. In terms of the market cap, it’s even bigger than the U.S. stock market, according to The Economist. The Mortgage industry comprising of banks and mortgage companies have to meet the ever rising demand of the rapidly growing market through multi-trillion dollar loans, while consistently meeting several challenges concerning new regulations at the same time.

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11 Jul

Five Key Advantages of Professional Mortgage Service

Five Key Advantages of Professional Mortgage Service

As the US Mortgage industry navigates through another phase of economic turbulence, radical changes are occurring within the financial institutions to counter the future challenges. While the profitability ratio has taken a hit due to various external and intern issues such as price wars or increased penalties for non-compliance, banks and other lending institutions are on the constant look-out for innovative tactics, not just to achieve profitability, but also to provide the best service to their customers.

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