Who isn’t? With the forecast for rising mortgage rates, limited home supply and fewer refinances, mortgage lenders and banks will be fighting to grab a bigger piece of a shrinking pie. Although 2017 is forecast to be a pretty good year for home purchase financing, with so many lenders vying for this business things may get tough. Especially for those…
Most believe that the mortgage originator will always be a required component due to the complexities of a mortgage loan process. (Originators) Although technology can help to acquire and process information, many consumers still want someone available to walk them through the process, available, when needed, to answer questions and provide guidance. Many believe, for this reason alone, the originator…
I’ve read recent articles and blogs that run the gambit from historic low rates, a recovering housing market, refi’s are up, refi’s are down, decreasing purchase loan applications, less affordable housing, and tighter credit standards. One week the markets look great, the next everything’s going in the wrong direction. Is the economy growing, shrinking or stagnant? Do we have more…
“Lenders are doing a better job of originating loans with fewer defects,” according to a report provided by First American Financial Corp in a recent article appearing in National Mortgage News (Higher Spending on Compliance Results in Fewer Errors on Apps). The article stated that The First American Title Loan Application Defect Index decreased again in February after declining steadily…
It’s not unusual for Mortgage Lenders to openly recruit their competitors best loan originators. It’s not unusual for the most productive originators to get the best offers to move. Unfortunately, it is also not unusual for these originators to try, by any method they can, to move their pipeline of business from one company to another when they make a…
With more and more emphasis being put on lenders for quality and compliance, more and more responsibility falls to the loan originator to meet these demands. Larger lenders can provide more support and technology to assist their LOs, but smaller lenders struggle with the increased costs of compliance. As a result, will the small independent mortgage broker become a thing…
