Have you heard the news? Mortgage buybacks are on the rise. Freddie Mac’s 2024 mortgage repurchase requests spiked 29.1% from Q1 to Q2, bringing them up to $430 million. While loan buyback requests are never welcomed, they’re particularly damaging in today’s market. In the face of high mortgage rates and housing affordability hurdles, loan volumes fell to their lowest level … Read More
Automated valuation models have revolutionized the real estate industry, offering quick and cost-effective property valuations. These sophisticated algorithms crunch vast amounts of data to estimate a property’s worth in minutes. But, how accurate are they really? And what impact are they having on buyers, sellers, and lenders? Over the past decade, AVMs have evolved from clunky tools to sleek, AI-powered … Read More
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
