The reality is that most loan officers with a good-sized database have plenty of contacts who are ready to finance or refinance right now—they just don’t know who they are. But there are ways to identify them and turn a missed opportunity into a success story.
Category: News and Trends
Sponsored Content from SWBC: Improve the LPI Borrower Experience by Leveraging Innovative Technology
In this article, we’ll discuss how EDI and RPA technologies help lenders streamline insurance tracking and verification and reduce direct member contact.
Call for Speakers: MBA Annual Convention & Expo; Deadline July 16
Speaking proposals for breakout sessions are now being accepted for the Mortgage Bankers Association’s Annual Convention & Expo 2021, taking place October 17-20 at the San Diego Convention Center.
Jennifer Henry: The Role Third-Party Data Plays for Mortgage Originators and Servicers
Lenders and servicers alike must focus on streamlining processes through automated technology and data-enabled solutions to sustain a more profitable business model and manage the shifts and demands of the marketplace.
Paradatec’s Neil Fraser: For Servicers, Pandemic-Related Challenges Are Just Beginning
Neil Fraser is Director of U.S. Operations for Paradatec, Cincinnati, Ohio, a provider of AI-based document classification and data extraction technology for mortgage loan processing. He manages all of Paradatec’s operations and has grown the company every year since its incorporation in 2002.
Authors Malcolm Gladwell, Brad Meltzer Keynote MBA Annual Convention & Expo
Registration for the Mortgage Bankers Association’s Annual Convention & Expo, taking place Oct. 17-20 at the San Diego Convention Center, is officially open. Join MBA in San Diego as New York Times best-selling authors Malcolm Gladwell and Brad Meltzer keynote General Sessions on Tuesday, Oct. 19.
Investor Demand Returning to Retail Sector
Consumer retail spending now exceeds pre-COVID levels; investor confidence in retail real estate is also growing, reported JLL, Chicago.
Share of Mortgage Loans in Forbearance Decreases to 3.76%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 11 basis points to 3.76% of servicers’ portfolio volume as of July 4 from 3.87% the week before,–the 19th consecutive weekly decline. MBA estimates 1.9 million homeowners are in forbearance plans.
Dealmaker: Bellwether Enterprise Closes $20M for Affordable Housing
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed $19.5 million in loans for affordable housing assets in North Carolina and Minnesota.
Millennial Homeownership Increases as Credit Loosens
ICE Mortgage Technology, Pleasanton, Calif., said the number of purchase loans closed by millennials in May jumped to 67%; for younger millennials, the percentage was even higher (82%).