As a mortgage lender, you understand the significance of a mortgage credit report in the lending process. It’s a critical document that helps you evaluate a borrower’s creditworthiness and make informed lending decisions. Let’s delve into the world of mortgage credit reports and explore ways to empower your borrowers and enhance the lending process. What is a Mortgage Credit Report? … Read More
Picking the right tri merge credit report vendor can be the difference between a smooth, efficient loan process and a tangled mess of inaccuracies and delays. It’s about finding a partner who understands the mortgage world and provides insights for sound lending decisions. In this article, we will explore the key factors to consider when selecting a tri merge credit … Read More
Traditional credit data is the bedrock of most lenders’ underwriting process. This data encompasses the information found within Experian, Equifax, and TransUnion credit reports. While undeniably valuable, traditional credit data allows a lot of creditworthy consumers to fall through the cracks. As of 2024, an estimated 50 million Americans are “credit invisible.” Many of these consumers are young individuals, recent … Read More
As a mortgage lender, your top priorities are providing exceptional service and attracting new clients. However, balancing these priorities can be tough, especially if you don’t have the right tools. From helping you generate new leads to strengthening your underwriting process, many mortgage lending tools can instantly upgrade your business operations. So, what are the most valuable tools to invest … Read More
Due to ongoing high interest rates, 2024 has been a challenging year for homebuyers and housing professionals alike. With fewer purchase loans and refinances to go around, many lenders are reassessing their growth strategies. One way mortgage lenders can grow their businesses is by leveraging the right tech solutions. From AI to automation, advanced tech tools can speed up turn … Read More
Now that summer is underway, 2024 is officially halfway over. This year’s mortgage market has fallen short of many mortgage lenders’ expectations – high interest rates, lackluster inventory, and record-breaking home prices suppressed the highly anticipated Spring purchase market. As a result, many lenders are wondering what the second half of 2024 has in store. Are market conditions poised to … Read More
