Whether verification of income, employment or assets; or payment histories tied to rent rolls and utilities like mobile phone service; by incorporating these additional data sets into the loan decisioning process, lenders gain a deeper understanding of the borrowers they serve.
Tag: Business Strategies
Rhonda McGill of PerformLine: Marketing Compliance Trends for the Mortgage Industry
As part of our 2022 State of Marketing Compliance Report, we surveyed mortgage compliance leaders on their organizations’ marketing compliance practices for insights into trend information on the depth of compliance programs, concerns and challenges. Here are the top trends and stats that mortgage companies should know in 2022.
Shalecia Callaway of FICS: Embracing Diversity & Inclusion in Mortgage Lending Strengthens Industry, Builds Profitability
A lender committed to DEI focuses on building staff, leadership and a customer base that reflect the borrowers it wants to serve. Diverse staff and leadership create an environment where a broader range of ideas can flourish, boosting a company’s bottom line.
Kimberly Boatwright of Ncontracts: 4 Key Stages of Annual HMDA Data Lifecycle
During this time of the year, one area of compliance stands out as a focal point: HMDA.
Shalecia Callaway of FICS: Embracing Diversity & Inclusion in Mortgage Lending Strengthens Industry, Builds Profitability
A lender committed to DEI focuses on building staff, leadership and a customer base that reflect the borrowers it wants to serve. Diverse staff and leadership create an environment where a broader range of ideas can flourish, boosting a company’s bottom line.
Shalecia Callaway of FICS: Embracing Diversity & Inclusion in Mortgage Lending Strengthens Industry, Builds Profitability
A lender committed to DEI focuses on building staff, leadership and a customer base that reflect the borrowers it wants to serve. Diverse staff and leadership create an environment where a broader range of ideas can flourish, boosting a company’s bottom line.
Shalecia Callaway of FICS: Embracing Diversity & Inclusion in Mortgage Lending Strengthens Industry, Builds Profitability
A lender committed to DEI focuses on building staff, leadership and a customer base that reflect the borrowers it wants to serve. Diverse staff and leadership create an environment where a broader range of ideas can flourish, boosting a company’s bottom line.
(Mortgage M&A Trends) Bill Tessar of CIVIC: When an Acquisition Works—And What Lies Ahead for the Industry
Our recent acquisition was the exception: Pacific Western Bank provided us with the capital base to take us to new levels without “bankifying” us, and our business has had 12 straight record-breaking months since. It’s been a tremendous success. Given the likelihood there will be many more acquisitions in the industry’s near future, it seems useful to look back and understand why.
Scott Roller: Turning Vendor Management into a Profit Center
Author Robert H. Schuller is credited for the saying, “Tough times never last, but tough people do.” As the historic refinancing boom has ended and flips to a purchase market, lenders need to be thinking it is time to get tough.
‘Magic’ Real Estate Investment
SAN DIEGO–Earvin “Magic” Johnson says he always thinks ahead.