Traditionally, closing on a mortgage or home equity loan requires coordinating a lot of people, paperwork and signatures to happen at the same time and place. For both borrowers and lenders, this can be a source of frustration. Typically, the average time to close a home loan is approximately 50 days and involves disparate technologies, people... Read more
We spent three amazing days at this year’s CBA LIVE in Las Vegas discussing "What's NEXT" in challenges, trends and innovations impacting home equity lending. Two of the most complex issues examined during the conference facing home equity lenders today are appraisal bias and fraud protection.
Helping to Mitigate Appraisal BiasConcerns of how to appropriately combat appraisal... Read more
Higher mortgage rates, record levels of home price appreciation, constrained housing inventories and economic inflation have lenders and borrowers on edge this year. Fannie Mae recently found consensus opinion among mortgage executives that both purchase origination and refinance activity will decline. In addition, Fannie Mae’s December 2022 report offered insights into the mortgage... Read more
As real estate lenders begin to embrace desktop appraisal technology as a new industry standard for a wider variety of loans, many lenders have questions. In this blog, we answer the ten most common questions we receive about desktop appraisals and outline how you can leverage desktop appraisal technology to process a higher volume... Read more