The Bulk-Bidding Boom
What are the most important aspects of this popular delivery channel?
Time to Loosen Up?
Two major lending changes that took effect in July will loosen up mortgage credit for millions more Americans – and the timing couldn’t be better for mortgage lenders, which are fiercely competing for declining volume. As of July 1, the three major credit rating agencies – Equifax, TransUnion and Experian – started eliminating tax liens [...]
Big Data And Appraisal Alternatives
The preponderance of dense, detailed property data has changed the valuations space forever.
Post, Share, Tweet, Like: Social Media Compliance For Lenders
Any channel that is being used to market or solicit business should be fully above-board.
The Used-Car Lot: QC From A Secondary Perspective
Just like kicking the tires, doing due diligence on a loan portfolio is common sense.
The Race to Automate the Appraisal Process
Everyone wants the mortgage process to move more quickly - but can appraisals happen any faster?
Mortgage lenders made a little less profit per loan during the first quarter, due mainly to higher operating expenses. According to the Mortgage Bankers Association’s (MBA) quarterly performance report, lenders saw a net gain of $224 on each loan they originated in the first quarter – down from $575 in the fourth quarter. The drop [...]
Existing housing inventory has declined year over year each month for two straight years, but new consumer findings from the National Association of Realtors (NAR) offer hope that the growing number of homeowners who think now is a good time to sell will eventually lead to more listings, according to NAR’s second-quarter 2017 Housing Opportunities [...]
The U.S. Supreme Court recently ruled that cities have the right to sue banks over discriminatory mortgage lending practices under the Fair Housing Act, provided that they can successfully prove that a lender’s actions led to economic losses through lower tax revenues and increased demand for city services. The court also ruled that the losses [...]