Between the first quarters of 2021 and 2022, there was a noted 15% increase in fraud, according to the National Mortgage Application Fraud Risk Index. As more and more financial institutions are trying to make financial solutions easier for applicants so that they can be
Buying a home in today’s rapidly changing housing market can be a frustrating, stressful experience for your clients. Homebuyers often have many legitimate concerns, and they may ask for your expertise with their efforts. What key pieces of advice can you give your prospective clients
For many years, going through a mortgage process means filing a lot of paperwork and sitting through what could be a long waiting time. This could prove to be inconvenient for someone who has a busy lifestyle, or someone who works odd hours. Luckily, today’s Fintech
For decades, the lending business field was antiquated and backward. Most companies did not even use computers. They had a basic model of loans, loan amounts, and actuarial tables that allowed them to make large sums of money. But the recent increase in financial technologies
First-time homebuyers have a lot to contend with when looking out at today's market. Home prices and mortgage rates have surged in the past couple of years and may remain high for some time. Those new to the market may feel overwhelmed as they juggle
The Paycheck Protection Program, or PPP, received funding from the CARES Act in 2020. Several reauthorizations have extended this program to help employers weather the current economic difficulties. Three rounds of PPP funding helped businesses stay afloat during mandated shutdowns and months of people sheltering
The importance of receiving a good home appraisal should not be underestimated. Your borrowers will need a good appraisal if they are planning to secure a home equity line of credit. But how do you prepare them for a home appraisal? Here are four simple tips you
As a lender, you often need to quickly explain to your clients what the differences are between government and conventional mortgages. You’ll be able to leverage this article as a reference for your clients on what the key differences are between the different types of
Identity theft continues to be a major problem for individuals of all ages in 2022. In fact, more than 15 million Americans will likely be affected by this serious issue this year alone. Certainly, the technologies that we all use each day have become more
The U.S. Department of Housing and Urban Development, or HUD, publishes a handbook that provides the guidelines for appraising new and existing homes. This appraisal guide is meant to ensure the safety and minimum efficiency of homes and new constructions. FHA Appraisal Overview The Federal Housing Authority,