With much of the mortgage industry still grounded, I’ve been reflecting on how much things have changed since the ‘good old days.” Not only the “good old days” pre-pandemic when we could freely meet and greet one another but also long before we had so many tools to use to connect us when we are not together face-to-face. Tools in…
Laughing, we didn’t! Just kidding but not really! Communicating post close defects upon discovery was certainly not on anyone’s service level agreement back in the early days of doing post close audits. The technology just wasn’t there to help facilitate it. Lenders typically received findings from their outsourced quality control (QC) provider 60, sometimes 90, days out from the time…
Remember the days of Local Area Networks (LANs) when computer systems were linked through hardwired telecommunication within a single building or one nearby? Those were novel times back then. Remember loan quality control in those days? As a Boomer, I do and it’s the topic of our second installment of our “Hey Boomer” blog series. Before LAN usage, which dramatically…
Following the great interest we had in our 2019 six-part blog series, “Millennials Mortgage Process,” which followed one of our colleagues on her home buying journey, we are back in 2020 with a new take on generational perspectives in the mortgage industry. Riffing off a fairly well-known and controversial 2019 meme, “Ok, Boomer,” we are kicking off our “Hey, Boomer.”…
Reverse Mortgages present another opportunity for mortgage lenders to make loans and for home builders and Realtors to make additional sales. But, are they a good deal for seniors? Some believe they are a rip off of seniors who may need some short-term cash and have equity in their home. The problem, they say, is the ultimate interest cost and…
Minnesota is flying high, just like their receiver Stefon Diggs, after their miracle finish to win the NFC Divisional game on Sunday. What a finish! But that ain’t all. Experian’s annual State of Credit report reveals that Minneapolis posted the highest average credit score for 2017 at 709. Minnesota must be doing something right. Besides the miracle finish, two other…
