The mortgage market is made up of two segments: the primary mortgage market and the secondary mortgage market. Many home buyers are only aware of the primary mortgage market because it’s the one they engage with directly. However, lenders participate heavily in both markets. Without the support of the secondary mortgage market, lenders wouldn’t be able to extend nearly as … Read More
The mortgage and credit reporting industries are changing. What used to be considered a commodity, is now anything but! Today, a credit score is about people, families, and lasting memories. To support not only the modern, digital mortgage process but also this emotionally charged buying decision, it takes more than innovative products and technology. It takes a heart and people-focused … Read More
How You Can Boost Your Credit Score by Becoming an Authorized User Is your credit score lower than you’d like it to be? Or do you have a limited credit history? If so, you aren’t alone. Whether you are young and have not built credit yet or you just have not had an opportunity to prove your creditworthiness yet, thousands … Read More
As a mortgage lender, you’re always on the lookout for new leads and new ways to cultivate a steady stream of new opportunities that enables you to sustain and grow your business. Due to the competitive nature of the mortgage industry, you need to have strategies in place to capture the attention of aspiring homeowners and convince them that you’re … Read More
This is a crowdsourced article. Contributors are not necessarily affiliated with this website and their statements do not necessarily reflect the opinion of this website, other people, businesses, or other contributors. Mortgage lenders review loan applicants from all walks of life, including those previously convicted of a crime. Deciding whether or not to grant them the loan can be … Read More
As a mortgage lender, you are probably no stranger to fraud. In fact, nearly 1 in 120 mortgage applications contain fraud1. Fraud can come in many different forms, but with the increasing digitalization of the loan application process, mortgage lenders need to be especially watchful of potential fake employers and pay stub scams. That’s why Verification of Employment (VOE) for … Read More
