Loan officers had a quite roller coaster ride over the last few years due to factors that disrupted the global economy. Post-pandemic, mortgage loan originators started to capitalize on refinancing demands. It was their chance to compensate for the economic losses brought about by the Covid 19 pandemic. Cut to 2022 and inflation is here. The Federal Reserve announced a…
Mortgage automation is the best way for mortgage lending companies to function more efficiently given the current market dynamics. Mortgage automation solutions boost the lenders’ margins and creates smoother borrower experiences. This is why most lenders to opt for automated mortgage processing. They can simplify the mortgage background work at the click of a button by automating the end-to-end lending…
Here’s a compilation of time-tested and new-gen ways to streamline the search for the right underwriting services provider. 1.A Detailed Process Mapping to Weed Out Mortgage Underwriting Process Faults Errors committed in the mortgage underwriting stage result in a wrongful denial of a loan application. One such error is the failure of the underwriter to calculate bonus income, part-time, and…