Toward an effortless closing experience

With my last article, I outlined how the current closing process leaves so much to be desired. The system is more or less broken as designed when the consumer at the heart of the transaction has anything short of an excellent experience.
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The unique loan program (and creative marketing) that drives home sales

With home prices at record highs, what are today’s 20- and 30-year-olds most interested in? Considering that Gen Z and millennials account for 55% of HGTV’s audience, fixer upper properties are a good bet. Continue reading

How to begin financing investment properties

Turning homebuyers into investors can mean more financial security for them and more business for agents. But especially less-experienced investors may need help getting started Continue reading

Lender slapped with $1.75M fine for bungling demographic data

Freedom Mortgage reported inaccurate information on race and sex between 2014 and 2017. The firm originated 50,000 mortgages per year during that period. Continue reading

Wells Fargo hires mortgage tech chief from JP Morgan

Steve Hagerman will serve as Wells Fargo’s head of consumer lending technology and will be responsible for the bank’s new and emerging technology platforms. Continue reading

Borrowers are turning to digital lenders — and abandoning banks

Americans are increasingly forgoing traditional banks when taking out home loans, pushing mortgage revenue down for big name lenders but offering a boon to unconventional, tech-enabled companies. Continue reading

Shutdown prompts Fannie Mae to tweak lender requirements

As the government shutdown drags on with no end in sight, Fannie Mae is tweaking its lending requirements to accommodate people who aren’t currently getting paychecks and whose bosses aren’t around to confirm their employment. Continue reading

Is BNTouch the CRM agent-mortgage teams need?

This software platform for mortgage brokers to find, nurture and close loans can benefit real estate agents too. Continue reading