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
If 2020 has a theme, implementation of technology to enhance day-to-day operations would be it and as long-time proponents of embracing technology, we think it’s not only critical but imperative for long-term growth and to remain competitive in today’s marketplace. This year CBA LIVE was no exception, hosting their first ever virtual conference and while there... Read more