Why This Recession is a HUGE Opportunity for Investors
We take questions from new investors struggling to find cash flow in today's challenging market and long-term property owners who don't know what to do with...
Positive jobs report sends mortgage rates higher
Let's first state the facts regarding our country's wonderful week in labor data.Job openings are over 11,000,000.Jobless claims are under 200,000.The unemployment rate in America is 3.4%.When we look at the history of U.S. economics, this week is one for the record books.As someone who professed early in the Covid-19 recovery that we would see 10,000,000 job openings - and the labor dynamics are much different now than what we saw in 2008 - it's Van Gogh art week when I see all the data lines so positive this week.
Guaranteed Rate loan programs aim for lower rates for builders, borrowers
Mortgage lender and digital financial services company Guaranteed Rate hopes to court builders and borrowers with its newly launched programs - Lock 'N' Sell rate lock program and forward commitments - by helping the borrowers secure lower mortgage rates.The rate lock program allows builders to lock in a current rate for up to 120 days on individual homes.
Why HELOCs are growing more popular
The past few years in the housing industry have been nothing short of unprecedented.In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages.And now, with the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are considering tapping into their home's rising equity while protecting their existing, low mortgage rates.
With Aspen Grove, servicers can streamline systems and processes to integrate all servicing
Mortgage servicing is complex, expensive and risky, involving a heavy compliance burden.Many servicers today rely on a legacy patchwork quilt of systems with disconnected processes, data and teams.What servicers need on the back end is plug-in technology that delivers value quickly and easily.They need technology that provides out-of-the-box solutions, that can easily pull and push data from the servicing and third-party platforms, that can keep pace with regulatory changes - and that combines all of those functions with easy-to-use, multichannel journeys for borrowers.
CoreLogic's Digital Tax Portal increases payment accuracy for servicers
When facing a challenging and uncertain market, servicers will naturally seek a tax vendor they can trust.CoreLogic has led the residential property tax industry for years.Today, the company leverages their experience and dynamic pricing to help their servicing clients succeed in 2023.CoreLogic's Digital Tax Portal provides servicers with a window into the industry's largest property database, boasting more than 1 billion property records.
Black Knight Servicing Digital helps servicers deliver a convenient customer experience
Black Knight Servicing Digital is a powerful, white-labeled solution that allows servicers to provide consumers with information about their home value and how to grow and leverage wealth from their property.The solution is a convenient resource that leverages Black Knight's vast repository of mortgage and public records data, coupled with leading analytics.
Loan servicing product guide
Servicing is a complex process, and many servicers still rely on a patched-together system of solutions to complete their work, resulting in friction and disconnected teams.With risk and compliance on the line, servicers can't afford to keep holding onto systems and processes that work less than ideally.
NTC's PerfectDocs platform makes real-time county requirements readily available
Lien releases are involved in several much larger regulated processes related to paid-in-full loans, charged-off loans, loan forgiveness and other default-related scenarios that require a mortgage to be discharged.Each of these processes involves specific documentation, compliance requirements and service levels throughout the payoff or charge-off.