#mortgage-lending

#mortgage-lending

Outsourcing escrow services can lead to transparency issues; 39% of lenders currently depend on third-party processors, raising costs and complicating oversight.

UWM achieved a significant growth milestone in 2024, originating over $137.8 billion in loans, doubling its production from the previous year despite challenging market conditions.

While the regulatory tone may be shifting in Washington, lenders shouldn't assume that means it's safe to take their foot off the gas. Federal laws still allow for private rights of action, enabling borrowers to bring claims even if current enforcement is lax.

"We lived in that motel for most of my childhood. That was our home and our business."

With self-employed individuals making up over 10% of the U.S. workforce and having four times the median net worth of traditionally employed families, we're committed to revolutionizing how lenders evaluate these borrowers.

It just comes down to pricing. It's like when you go to Costco, you see people spending 20 to save 30 cents on gas.

It is helpful to look at LinkedIn profiles during the application process. It can give a clearer picture as to the job history, description, length of employment, locale, etc.

Bank of America CEO Brian Moynihan stated that while consumers are currently resilient, the future economy remains uncertain due to tariffs and policy changes that could impact growth.

This year, independent mortgage banks like Rocket Mortgage and CrossCountry Mortgage topped the rankings, showcasing a significant growth in origination volume that set them apart from traditional banks.

Franquemont's return to Guaranteed Rate is driven by a commitment to leverage new mortgage technology and provide enhanced customer experiences for homebuyers.