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,…
Delivering 100% defect-free mortgages has always been a big challenge for lenders. Sometimes errors do happen at the very initiation of the mortgage loan and tend to be overlooked. For instance, lenders tend to prohibit loan officers from providing disclosures for some vested interests. This does nothing to ensure that the MLO has originated a mortgage that can be closed….
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…