Compliance and Costs – lenders are getting hit from both sides as the cost of loan production and compliance continues to climb. Faced with these threats, lenders need a more reliable way to save time, money, and – most importantly – shield them from potential security risks. One crucial factor that’s overlooked is the compliance […]
Heightened borrower expectations for a fast, frictionless, and more digital loan process are putting significant pressure on lenders to be responsive in near real time. To better understand shifting borrower expectations for text messaging during the loan process, and how lenders’ use of texting measures up against those expectations, 500 borrowers and 350 lenders were […]
Everyone’s talking about digital mortgages. Yet few people, especially lenders, agree on what a “digital mortgage” really is—and what it isn’t. Fortunately, “The True Digital Mortgage” explains it all, including the surprising truth about what today’s homebuyers really want from lenders and why smart marketing automation is crucial for engaging borrowers at the “point of […]
Is your subservicer prepared to deal with the challenges that impact a borrower’s ability to pay? Homeowners need transparency, speed and tech innovation more than ever before. The recent hurricanes this past year forced lenders to assess how well their subservicers could handle an influx of borrowers who need support. The good news is that […]
For years appraisers—equipped with the purchase price—have provided their opinion of residential property market values, protecting the borrower from overpaying and the lender from over lending. The most cost-effective valuation solution for residential properties, AVMs can support the purchase agreement approximately 85% of the time without the benefit of knowing the purchase price. The accuracy […]
Topics include: Research from a leading analytics firm on the value that updated credit scoring models will add to the mortgage market; Economic and competitive issues in the credit scoring market as detailed by an industry economist; and Legal and regulatory matters to consider as outlined by a former state banking commissioner. Publisher: Progressive Policy […]
The mortgage loan process continues to be an expensive, time-consuming endeavor for mortgage companies, which are facing not only the challenges of meeting escalating regulatory requirements, but also heightened consumer expectations for a quick, painless process. This paper details three game-changing digital capabilities to revolutionize your customer experience. Publisher: Sutherland Date: December 2017 Fill out the […]
In the mortgage process, the customer experience is most impacted by the many lending documents a borrower must sign and deliver before closing. From the initial application to disclosures to closing, making documents clear, accurate and easy to access can make the difference between a frustrated customer and raving fan. The right document solution can optimize […]
Mortgage lending involves the creation of such a complex financial instrument that no single party can complete the work alone. It takes a team of partners to originate, service and ultimately release mortgage liens. Making sure that every party in the value chain is meeting the highest possible standards for performance requires financial services companies […]
New technologies developed in the wake of the financial crisis have made it possible for buyers and sellers to connect much earlier in the disposition pipeline, improving the overall process. Additionally, technology is enabling sellers to operate more efficiently at lower costs, moving distressed properties back into the market before blight can settle into communities. […]
Mortgage originations dropped sharply in the first half of 2017. XDOC has written this guide to help mortgage lenders attract more customers and streamline every step of the loan process from application to closing. Publisher: XDOC Date: November 2017 Fill out the form below and receive the white paper in your inbox.
With the popularity of the FHA’s CWCOT program expanding, servicers continue to search for strategies for managing their foreclosed homes. Without the ability to leverage data and analytics, access to intuitive technology platforms, and cohesion across multiple vendors, they risk the chance of falling short of a successful implementation strategy. In this white paper, Min […]
The mortgage industry is a target of cyber-attacks from adversaries that can range from hacktivitsts, to organized criminals, to nation-states. Lenders need adaptive, rapidly evolving and comprehensive security solutions in order to protect themselves from these emerging threats. This white paper provides a framework for a sound mortgage cybersecurity program. Publisher: Ellie Mae Date: November 2017 […]
XDOC has written this guide to help mortgage lenders better understand cybersecurity, and the risks that exist in today’s rapidly evolving landscape. It covers the cost of data breaches to the financial services industry and identifies potential threats lenders should look out for. Learn strategies and tactics to prevent breaches no matter the size of […]
Let’s face it – when it comes to real estate transactions, borrowers want their money ASAP – and going to an office to sign documents is seen as an inconvenience. With online notarization, this problem may be solved. Today, online notarization is only allowed and insurable in a limited number of states where the law […]