One idea that could help lenders stand out in this market is a rate-lock program to give qualified borrowers more time to shop for their home. And, by design, incentivize them not to also shop elsewhere for a different rate and so that they will close with the original lender.
Tag: Erin Palmer
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
Erin Palmer, Chris Bennett: How to Fire Up a Lock-and-Shop Program Without Getting Burned
One idea that could help lenders stand out in this market is a rate-lock program to give qualified borrowers more time to shop for their home. And, by design, incentivize them not to also shop elsewhere for a different rate and so that they will close with the original lender.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
Erin Palmer, Chris Bennett: How to Fire Up a Lock-and-Shop Program Without Getting Burned
One idea that could help lenders stand out in this market is a rate-lock program to give qualified borrowers more time to shop for their home. And, by design, incentivize them not to also shop elsewhere for a different rate and so that they will close with the original lender.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
Erin Palmer, Chris Bennett: How to Fire Up a Lock-and-Shop Program Without Getting Burned
Erin Palmer is Founder and CEO of Blue Phoenix. Chris Bennett is principal of mortgage industry hedge advisory firm Vice Capital Markets.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
Erin Palmer, Chris Bennett: How to Fire Up a Lock-and-Shop Program Without Getting Burned
Erin Palmer is Founder and CEO of Blue Phoenix. Chris Bennett is principal of mortgage industry hedge advisory firm Vice Capital Markets.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
Erin Palmer, Chris Bennett: How to Fire Up a Lock-and-Shop Program Without Getting Burned
Erin Palmer is Founder and CEO of Blue Phoenix. Chris Bennett is principal of mortgage industry hedge advisory firm Vice Capital Markets.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
Erin Palmer, Chris Bennett: How to Fire Up a Lock-and-Shop Program Without Getting Burned
Erin Palmer is Founder and CEO of Blue Phoenix. Chris Bennett is principal of mortgage industry hedge advisory firm Vice Capital Markets.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
Chris Bennett and Erin Palmer: Extended Rate Locks–How to Hedge Your Bets Past 90 Days
While any new construction loan destined for sale to a GSE can be a one- or two-time close, lenders can decrease risk by focusing the right resources on the initial underwrite as well as the final review.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
Chris Bennett and Erin Palmer: Extended Rate Locks–How to Hedge Your Bets Past 90 Days
While any new construction loan destined for sale to a GSE can be a one- or two-time close, lenders can decrease risk by focusing the right resources on the initial underwrite as well as the final review.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
Chris Bennett and Erin Palmer: Extended Rate Locks–How to Hedge Your Bets Past 90 Days
While any new construction loan destined for sale to a GSE can be a one- or two-time close, lenders can decrease risk by focusing the right resources on the initial underwrite as well as the final review.