If you have been following the population statistics closely, then you will know that millennials are the largest demographic in America today. It is these people who will eventually buy a home someday, opening up a prospect of increased business opportunities for loan officers and mortgage lenders. However, it is not that simple to convince millennials to invest in a…
Mortgage Lender
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It is a well-known fact that the population of millennials in the housing market has always been less in comparison to their former generations. There are numerous possible reasons for this viz. the past recession, unemployment, less income, ongoing student loan installments, or their inherent fear of not qualifying for a loan as yet. However, with the passage of time,…
The need to carry out extensive customer appraisal, before arriving into a final lending decision has grown more important than ever before. The need is not just about meeting federal mandate, but more about gaining control and minimizing chances of loan defaults. Today, a lender’s responsibility goes well beyond collecting information about the borrower’s present status via examination of his…