Some believe that the changes to the tax laws recently passed will have a devastating effect on housing and the mortgage market. Why? Because of the limitations placed on allowable mortgage interest and state and local tax deductions. These limitations may lead to fewer home buyers and more home renters, especially in states with higher real estate taxes. Maybe… However,…
With business getting a little harder to come by, and more Millennials entering the housing market, credit scores are on the decline. A recent Ellie Mae Millennial Tracker Report revealed that borrower credit scores across all loan types declined in 2017. The report revealed that borrower credit scores for loans made in 2017 were 723. This is slightly down from…
Although 2018 may be the year of technology, customer service will still reign supreme. How you treat your customers and service their needs will determine your success. Mortgage lenders, as well as all service providers, are looking for better ways to provide their goods and services to prospective customers. To do so they are exploring and implementing the increased use…
If you happen to follow football, as I do, the upcoming weekend is a big one. It’s Wild Card Weekend. The time when the teams that fought so hard to get to postseason play begin their quest to win the Super Bowl, the big enchilada, the whole ball of wax. You get the picture. For some of you, it’s just…
With the mortgage business projected to be a little tougher in 2018, the industry needs to find ways to produce and close loans more efficiently. The obvious answer is through the increased use of technology. But, are lenders prepared to invest the time and money needed to implement such technology? Lenders can continue to do business as they’ve done in…
Another data breach, another opportunity for identity thieves, more challenges for lenders. Where does it end? Just like the major personal information hacks at Equifax, add Alteryx of Irvine CA to the list of companies with a data breach. A leader in self-service data analytics, Alteryx’s breach exposed sensitive information on more than 100 million consumer households. Again, that’s more…
