In the age of rising operating costs and falling profit margins, getting more people into the credit system can do wonders to your mortgage business. The unbanked and underbanked households have for long been a treasure trove, which financial institutions have never really bothered to tap into. In today’s trying times, looking for and making roping in customers who do…
The appraisal industries failure to attract new talent has created a new and growing crisis for the mortgage industry. This blog talks of some possible ways to overcome the problem. The number of active real estate appraisers is shrinking rapidly. Stats released by the Appraisal Institute, show that the mortgage appraiser count in 2015 has come down by 20% as…
As the mortgage closing rates are fluctuating, it is becoming fairly evident that, there is an increased necessity to spend some time in deciding on the right loan. A recent market research conducted by Bankrate disclosed that, the average amount payable by a borrower towards loan settlement has decreased. Between the years 2015 to 2016, the apparent charges imposed while…