The mortgage lending industry is forever a dynamic and rapidly changing landscape. New trends and developments continue to shape the way that lenders operate and compete. As we look ahead to 2023, it is important to be prepared for the challenges and ready to take
In recent years, you may have heard of something called a blockchain and how it will revolutionize the financial sector. Although we are likely a long way from getting rid of banks or centralized lenders altogether, blockchain technology is having a tangible impact on the
With the new year comes an economy that will have profound impacts on the lending industry. While a forecast of a recession is swirling around, it is believed to be mild and short-lived. Most Americans are confident that they will be able to get through
Generation Z workers, born approximately 1995 to 2012, are entering a post-pandemic workplace that is still experiencing the Great Resignation trend. According to the U.S. Bureau of Labor Statistics, 2.6% of the workforce voluntarily quit their job in October 2022. While thousands are leaving their jobs,
Between companies with deeper pockets and shifting economic conditions, even the best of leaders can struggle to retain employees without increasing the budget; 47% of HR professionals cited employee retention as their top challenge. Fortunately, there are meaningful ways to increase employee retention without spending more
The advent of Open Banking has changed how consumers access and share their personal financial and banking information. While the EU has already embraced Open Banking, interest in the US is growing in its usage with both the consumer and the lender. Open Banking vs Traditional
With so many financial hardships affecting millions of American these days, zombie debts are among the most unexpected. They certainly surprise the affected individual and may even affect your ability to provide a loan. Here is what you need to know about zombie debts and
Unless your business is a one-person operation, you need talented and dependable employees to maintain peak performance. Unfortunately, many hired employees don't work out as well as expected. Is there a preferred way to find the best employees? Data-Driven RecruitingOne approach to consider is data-driven recruiting.
The IRS is making changes to the tax brackets for 2023. These changes are being made to avoid something called bracket creep, which occurs when a person's wages are increased to keep up with inflation but there is no change in that person's standard of
Few things are more crucial to the success of your company than your employment practices. Hiring the right people is the only way to ensure that your company will be profitable. However, bias can easily creep in and undermine your best efforts to form a