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
Industry leaders gathered recently at the 13th annual CBA LIVE for three days of discussion on challenges, trends and innovations impacting home equity lending. With home values continuing to skyrocket, modernization continues to be key in gaining market share. Below we highlight three important takeaways from this year’s conference that we expect to make an impact... Read more