Now that summer is approaching, the year is nearly halfway over. This midpoint is the perfect time for mortgage lenders to assess their current strategies and look for emerging opportunities. So far, 2025 has seen subdued purchase and refinance activity, with rates still hovering in the mid-to-high 6% range. President Trump’s erratic tariff policy has stalled the Federal Reserve’s intended … Read More
There’s big news! Federal student loan collections have been reinstated after a five-year pause. At the same time, a record number of borrowers are falling behind on their student loan payments, leading to stark drops in their credit scores. As student loan delinquencies mount, mortgage lenders must take proactive measures to protect their businesses from unexpected loan fallout and repurchase … Read More
Verifications of income and employment (VOEs) and credit reports are two cornerstones of the loan origination process. While essential, using outdated ordering practices to secure this critical data can inflate your operating costs and diminish your borrower experience. In 2024, the average cost to originate a loan ranged from $6,900 to a whopping $16,500. As prices rise, so do borrower … Read More
If you’re a mortgage lender, you’re likely familiar with the economic challenges today’s borrowers face—rising interest rates, high housing prices, and inflation are just a few ongoing issues. However, there’s another hurdle that’s quietly gaining momentum: money dysmorphia. While typically associated with body image, the term “dysmorphia” is now being used to describe a troubling trend where people have a … Read More
Mortgage lending technology has come a long way in the past decade. Not only can today’s advanced solutions streamline your loan origination, but they also provide you with robust data and meaningful insights into your operations, borrowers, and market opportunities. From credit activity to home equity, every data point tells a story. Lenders who listen to these stories and respond … Read More
With the weather warming up, you may be wondering what’s in store for the spring mortgage market. After all, sunny seasons are correlated with hotter housing markets and higher housing prices. The reason? Most sellers prefer listing their homes outside of the hustle and bustle of the holidays. While these seasonal trends have existed for decades, they have been less … Read More
