If you’re interested in solving these problems, you might be interested in a mortgage support automation platform. This type of solution could reduce the time that loan officers spend manually logging into systems and searching for information. The mortgage industry is in dire need of a platform that securely integrates with lenders’ key systems via authentication and provides the loan officer with instant and actionable answers about borrower opportunities, loan statuses, guidelines, etc. Searching for data from sources like contracts, bank statements, loan applications, and guidelines is a time-consuming task. There are tons of tech companies cropping up in the mortgage industry, and for good reason! Originators need to use data from external sources to meet the regulatory requirements during the loan process. Contact Carrington Wholesale for more information or if you have questions about the service. The Carrington ProcessIQ team handles all the logistics, jumps in and works directly with borrowers to process the loan. A new processing service to help expand broker capacity and increase capabilities for time intensive and/or complicated loans such as those with low FICO, high DTI, and Non-QM (bank statements, DSCR, high balance) loans. Need to increase your loan processing capacity? Carrington Wholesale recently launched ProcessIQ. See you there! Friday, Febru2:00 PM ET Monday, Febru2:00 PM ET Tuesday, Febru2:00 PM ET. Today’s features an interview with Peter MacGillis, SVP of Operations at Universal Component Lender Services, or UCLS, on how the company offers lenders more control over their servicing.)Īre you looking for new purchase opportunities in your market? Join the Freedom Mortgage Wholesale Division for a free and live webinar highlighting key product features and process tips for VA, FHA, and Conventional purchases! Sign up for one of our live webinars listed below. (Today’s audio version of the commentary is available here and this week’s is sponsored by MCT and its hedge advisory division, pairing industry leading experience with award-winning technology to assist you in locking, coverage, best execution, and reporting. Census Bureau says the nation’s homeownership rate was essentially unchanged through 2021, hovering around 65.5 percent. Even home ownership goes through cycles, although that is pretty steady now: The U.S. Treasury prices fell with the 10-year yield briefly topping 1.93 percent, jumping from about 1.5 percent at the start of the year, and the 2-year Treasury is up 58 basis points since 1/1, as the Federal Reserve has signaled a more aggressive fight against inflation. And who says we’re not in a cyclical business? Remember in the not-too-distant-past when lenders were pricing rates to “shut off the volume spigot” due to low rates? Last week U.S. Throughout our lives we go through many cycles. Apparently, people in the northern climes are weary of the yearly weather cycle, and, as usual, expect to establish residences to the south. While brokers have taken note of UWM suing America’s MoneyLine for sending loans to Rocket and Fairway (remember UWM’s policy plainly stated last March), this week I head to Florida, which retirees humorously refer to as “God’s waiting room.” The state has its share of expected hot markets for 2022 per Zillow, as does the rest of the Sunbelt.
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