Historically, low-interest rates have been one of the most critical developments in the mortgage sector. The average interest rate on a 30-year fixed-rate mortgage in the US as of September 2021 was 2.88%. The climate of low-interest rates has led to an increase in mortgage refinancing activity. Recent years have seen an increase in home prices, which may be attributed…
Mortgage processing
Speed is very important to mortgage lenders today. When buying a home, they want prompt loan approvals and quick fund transfers. They make a beeline for lenders whose mortgage loan processing time is the shortest. Convenience and reliability are important too. So how do you trim your mortgage loan processing time without compromising on the loan quality? Read on to…
Mortgage processing outsourcing has been evolving amidst many regulations over the last few years. As a result, businesses have been forced to outsource tasks and services due to the constantly shifting business environment. As companies adapt to the new normal, outsourcing mortgage loan processing is an increasing trend nowadays. The firms that specialize in providing these outsourced services, such as…