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The first week of October came with some robust news for the mortgage sector. The average mortgage interest rate on both the 30-year and 15-year fixed mortgage slipped giving a...
The first week of October came with some robust news for the mortgage sector. The average mortgage interest rate on both the 30-year and 15-year fixed mortgage slipped giving a boost to the buying and refinance surge.
Amidst the Covid-19 outbreak, while new home purchases are taking a hit, refinance requirements are going through the roof. In the recent past, mortgage companies have been experiencing stiff competition...
Amidst the Covid-19 outbreak, while new home purchases are taking a hit, refinance requirements are going through the roof. In the recent past, mortgage companies have been experiencing stiff competition from other mortgage companies. But a bigger challenge has been the rise of fintech companies that is significantly impacting mortgage lenders.
Manage borrower touchpoints from intake request to completion and address high call volume requests with Visionet's technology solution.
In a recent release, MBA quoted ‘With unemployment rising to a record 14.7 percent in April, it is inevitable that mortgage delinquencies would increase as well. 33.5 million U.S. workers applied for unemployment benefits in the past seven weeks, and with signs of economic distress continuing into the second quarter, mortgage delinquencies will likely further increase.’
Read on to know about the Rising Importance of Automation and Technology for Mortgage Lenders to provide better customer experience.
Mortgage rates have hit their lowest point in more than three years. This time though, they aren’t setting the stage for a highly competitive homebuying season. In fact, a massive shutdown of the economy has caused homeowners and potential homebuyers to back away from the mortgage market.
For businesses like mortgage lending, which are very labor-intensive, Offshore Delivery Centers or ODCs are beneficial as they help to increase productivity while achieving cost-effectiveness. With mortgage sensitized ODCs, lenders...
For businesses like mortgage lending, which are very labor-intensive, Offshore Delivery Centers or ODCs are beneficial as they help to increase productivity while achieving cost-effectiveness.
Continued low-interest rates likely mean that 2020 will have the largest refinance volume in eight years, as per the latest forecast from Fannie Mae. For the fourth week in a...
Continued low-interest rates likely mean that 2020 will have the largest refinance volume in eight years, as per the latest forecast from Fannie Mae.
Loan processing solutions ease bulk loan processing. Our flagship solution is its cutting-edge AI/ML-based loan processing solution, VLR
All of us know that the mortgage business must cope with fluctuating volumes. Mortgage Lenders are often left working overtime when the volumes go high, scrambling to hire staff only to let them go when the volume goes down.
The mortgage lending scenario in 2019 is not very different from the previous year. We are dealing with quality control, compliance, and low profitability issues even this year. The mortgage...
The mortgage lending scenario in 2019 is not very different from the previous year. We are dealing with quality control, compliance, and low profitability issues even this year. The mortgage volumes are not picking up as per expectations, and many are choosing to rent a home over buying one.
