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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11 May

5 Questions you need to ask before opting for Reverse Mortgage

5 Questions you need to ask before opting for Reverse Mortgage

As an apparent justification to its name, Reverse Mortgage (RM) follows an almost an inverse method of a contemporary mortgage loan. Having opted for RM, the borrowers are not required to make payments for the mortgage loan they have borrowed. Instead, the loan allows the borrowers to seek a mortgage loan accessing the equity built in their home while using the estate also as the collateral.

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27 Apr

The Necessity of Title Search and its Benefits

Necessity of Title Search

It’s a known fact that the documentary evidence determines the authenticity of any real estate property. However, it’s a common practice to retrieve and analyze these credentials before a property is sold or mortgaged. The process is commonly known as the ‘Title Search’, which ensures the title to an estate is legitimate and clear of legal issues.

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