According to the consumer reporting agency LexisNexis, mortgage fraud costs have increased by 16.2% since 2020. Today, it costs financial institutions roughly $4.23 to address every $1 lost to mortgage fraud. Available data shows mortgage fraud, which refers to illegal activities that loan officers, brokers,
The United States Citizenship and Immigration Services USCIS issued a new downloadable Form I-9, last August 1, 2023, that updates the processes. The previous version of the form is now only valid until October 31. Due to the recent increase in fines, compliance with the
AI is drastically changing the way businesses do marketing, and it offers countless benefits for lenders. Whether you need to spruce up your content or create better email offers, there is a sea of artificial intelligence tools at your disposal. Here are five ways loan
As the world continues to become increasingly focused on the online world, digital lending is becoming more common. With that comes the need to adhere to key best practices for success. Doing so will allow you to create a sense of trust and responsibleness with
It is not just for-profit organizations that should be running background checks on those who work for them, but nonprofit organizations should as well, including on their volunteers. This should be viewed as an essential element of running the business, not as something to only
Maintaining the well-being of both the workforce and the organization hinges on effective drug screening. Given the multitude of available drug screening programs and providers, many employers are confronted with the challenge of selecting an appropriate drug-testing process that aligns with the unique needs of
As a mortgage lender, it's crucial to understand the journey that borrowers go through when seeking mortgages. This understanding allows you to streamline the process, provide better service and ultimately increase customer satisfaction. Phases of Borrowers' Journeys Borrowers' journeys can be divided into several stages, from the
To build a thriving business as a mortgage broker, you need to establish your presence, expand your network, and satisfy your customers. These five mortgage marketing ideas will help you raise your profile, cultivate strong relationships, and achieve success. Find Your Niche Creating a niche in the
While the majority of applicants are honest throughout the application and interview process, there is a chance that some individuals may provide inaccurate information about their education and credentials. Additionally, it's worth noting that three-quarters of human resource managers have, at times, uncovered discrepancies in
On August 1, 2023, Minnesota will officially become the 23rd state to decriminalize the possession of marijuana. As a result, some companies across the state will have to adjust their pre-employment drug testing policies. Managers, HR representatives, and others involved in the hiring process will