Every year Ellie Mae provides you (the mortgage industry) with the opportunity to submit questions you would like industry regulators to answer. This year Ellie Mae took your state compliance questions to the American Association of Residential Mortgage Regulators (AARMR) Annual Conference and got the answers you need. Take a look at our Ask a […]
As a result of the great recession, homeowners are staying in homes about twice as long as the historical average and building substantial equity as a result. In the last year, they have begun to tap that equity for home improvements, presenting lenders with a significant opportunity. How can lenders capitalize on this trend to […]
AVM cascades remain the “go to” application for many AVM uses, including Home Equity lending. But using cascading AVMs as a method for choosing which valuation tool to use for a given property carries with it some unintended and unpleasant consequences. Most, but not all properties are viable candidates for AVM use and lenders need […]
With volumes declining and compliance costs going up, the average cost to produce a loan has swelled to over $9,000. Most service providers are reporting a net loss on each loan they originate. What steps can lenders take to reduce the cost of producing a loan by 50%, while ensuring over 30% faster closures? We […]
Ellie Mae’s new eBook shares insights from over 500 mortgage borrowers about how they use technology for purchase and refinance loans. Get an in-depth look at our key findings, including: Growth trends in online loan activity The significance of online research Borrower demand for web self-service The importance of digital portals Demographic differences Publisher: Ellie […]
Mortgage lenders are facing challenges in the current market with rising costs and interest rates making it difficult to stay profitable. In order to compete effectively in this market, lenders are going to have to be faster and more efficient than ever before. Over the last several years, the mortgage industry has seen a number […]
Lenders spend money serving borrowers early on in the application process, even when those borrowers don’t end up qualifying for a loan or go with another mortgage company. Losing borrowers early on leaves lenders footing the bill for these application expenses, adding unnecessary costs to an already over-strained business model. As such, lenders need to […]
In the mortgage industry’s quest to execute a fully digital mortgage, the benefits of e-recording have been largely overlooked. However, e-recording delivers tremendous benefits in terms of efficiency and risk mitigation – all while being easy to implement and even easier to execute. This white paper outlines how e-recording is one of the most efficient, […]
Now is the time to help your customers make their remodeling dreams come true with access to a home equity line of credit (HELOC). This ebook covers: – The significant increase in home equity wealth – How the 2018 tax law affects HELOCs – Marketing trends to better target and identify potential HELOC customers – […]
Due to interest rate hikes and rising home costs, more and more potential homebuyers face being shut out of the market, especially at the entry level. Mortgage insurance (MI) offers flexible down payment options that can enable qualifying borrowers to act quickly on opportunities to buy a home before costs climb higher — locking in […]
Running a mortgage business is challenging and success depends upon the management of massive amounts of data that can quickly become overwhelming. Many mortgage businesses have no system for tracking their pipeline and many others have their highest paid staff working hours each week on manually building reports. It’s time to transition from being reactive […]
Machine Learning has begun to create new and highly promising avenues in the consumer lending industry. Learn how to progressively augment the applications of machine learning algorithms in your business operations to build efficient and effective systems, gain better insights for strategic decisions, and enhance your consumer experiences. This Tavant white paper emphasizes solutions applicable […]
Lenders need an efficient method to determine which borrowers have sufficient equity to qualify for a home equity loan. To accomplish this, they need access to a platform that meets three requirements. It must provide easy access to a wide range of valuation tools, be compliant and offer the transparency needed to demonstrate that compliance […]
Protecting the collateral in a mortgage servicer’s portfolio through verification of adequate fire, flood and wind insurance is a requirement of investors and federal regulators. It is a complex process to consistently verify that the appropriate insurance is in place on the dwelling, paid timely and meets the requirements of the servicers as well as […]
Important state licensing questions: answered. Your peers asked, and we took their questions to the National Mortgage Licensing System (NMLS) Annual Conference to get answers from the regulators themselves. Publisher: Ellie Mae Date: April 2018 Fill out the form below to download our Ask a Regulator State Licensing Q&A Summary to learn more.