As the year 2018 draws to a close, mortgage industry experts and pundits are busy analyzing the developments this year to forecast what lies ahead for the industry in 2019. While price escalation is likely to continue along with rise in demand, lenders will go the whole hog to embrace technology, on the one hand, and simplify loan fulfillment programs…
Mortgage closing is the final chance that lenders have with them in order to avoid compliance and regulatory breaches in the mortgage process before the loan gets approved. A compliance failure can result in lawsuits leading to further undesired consequences all of which consumes a considerable amount of time and money. In order to achieve high levels of accuracy in…
Your mortgage underwriting process is the single most important step that influences the loan approval decision. Hence, as a lender, you must do everything your capacity to make it as streamlined and meticulous as possible. A typical underwriting process is full of time-consuming tasks that range from the examination of a customer’s personal documents to loan amount calculations and an…