The mortgage industry has been known to be anything but fast. However, as lenders are moving towards leveraging cutting-edge technology to make the entire process more efficient, a shift in processing speeds is occurring. It is vital for a business to provide mortgage loans within hours rather than within days, given that all their competitors are embracing cloud computing, automation,…
Mortgage Lender
Checkout here for the information about mortgage lenders in USA and how they do lending mortgage finance to borrowers.
Buying a new home is not an easy process. Deciding on a suitable mortgage lender is as important as deciding on a good home. It is important to understand the different types of lenders available in the market to determine which one can meet your unique needs. When you start to look for the best lender for you, you will…
Home Ownership and Equity Protection Act, also known as HOEPA, was passed to eliminate unscrupulous mortgage lending practices. The HOEPA regulation enforced new requirements and features for high-cost mortgages to protect borrowers. HOEPA was approved in 1994 as a revision to Truth in Lending Act (TILA), It provided an extra layer of protection to mortgagors who qualify for high cost…