Lending is a complicated business. By law, it takes time. In reality, the checks, balances, and safeguards in the process protect everyone, borrowers and lenders alike. Still, as one loan company CEO put it, borrowers want to know how long the application process will be
Lending businesses face a unique set of challenges when it comes to marketing to customers. They have to navigate a complex regulatory environment as well as a crowded field of firms of various sizes. These businesses have to take careful steps and spend their money
A cash flow analysis is an important factor in lending choices because it shows how likely a borrower is to pay back a loan. More specifically, they help lenders in five main ways. 1. Risk Assessment By analyzing a borrower’s cash inflows and outflows over a certain
Effective and efficient procedures are crucial in today’s fast-paced corporate world to ensure client satisfaction. The pre-approval step is an important first step in making any kind of financial decision. By making this process better, we can speed up services and make customers happy. Let’s
Verifying an applicant’s income is an important part of the mortgage process. Typically, this is done by submitting a Form 4506-C, which is a request for a taxpayer’s transcript. The transcript contains wage and other data that mortgage providers can use to determine if a
Private Eyes Screening Group, Inc. has been awarded a group purchasing agreement for 3 years with Premier, Inc. effective March 1, 2024.
Private Eyes Screening Group Inc., a leading provider of comprehensive background screening services, was selected as the trusted vendor to handle background checks for the Massachusetts Association of Insurance Agents (MAIA). This relationship will enhance security within the insurance industry, ensure all compliance requirements are
During the lending process, real estate agents and loan officers play integral roles in making sure the loan is properly finalized. Over time, these two professionals can develop strong, strategic alliances that provide many benefits. For example, real estate agents can bring more business to
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,
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