Welcome back to the series, Millennials Mortgage Process! In this post, I’ll explore my reactions to the ‘affordability’ of housing and how greatly Credit Score plays a role. As I prepare to apply for a mortgage and continue to scroll through Zillow at mini-mansions I know I could never afford (we all do it…), one thing keeps cropping up and…
Millennials and Mortgages- the two words that seem to be on everyone’s mind recently. As a professional Millennial working in the mortgage industry, I’d like to offer a first-hand account of what we see and encounter in the Mortgage and home buying process. I’ll share my perspective of my own home buying experience throughout several posts this year, and hopefully…
In a prior post, we discussed how a frictionless transaction experience increases the likelihood a seller will return to do business with an investor. Now, we turn our focus to the role investors can have helping sellers improve the quality of their loans, which will further strengthen the relationship and foster repeat business between the two parties. Most professionals welcome…
As I work with lenders to solve for the alphabet soup of compliance, TRID and HMDA specifically, I consistently receive questions around the latest rumblings popping up in the news. Recently I’ve been asked about tolerance violations related to the loan estimate (LE) and closing disclosure, as well as increased investor scrutiny on seller HMDA data. I addressed those questions…
Few would argue closed loan acquisition is complex. Managing risk against faster turn-times, while trying to maintain relationships with sellers surely keeps many of correspondent investors awake at night. Go too fast, increase your risk. Go too slow, stress margins and ultimately lose sellers. How can correspondent investors minimize portfolio risk while going for speed? By bringing intelligent, automated data…
