The Future of the Mortgage Broker Landscape
As the mortgage market gradually returns to ‘normal’ post the pandemic, there are several factors that are impacting the recovery process. During this time, among the many stakeholders that are getting affected are independent mortgage brokers who are facing a host of challenges. Challenges Faced by Mortgage Brokers Among many issues, the biggest one is […]
Diwali: The Festival that brings Light, Warmth and Love
As monsoon rains give way to cooler evenings, excitement is in the air for the festival season, of which Diwali is the highlight. The festival usually comes between October and November, with the date changing each year. One of the most important dates in the calendar, it is a festival that is celebrated across the […]
How do Title Companies ensure they are working with the right vendor partner?
The title business plays a very crucial role in the mortgage process. In the absence of an efficient title process, it is likely that loan approval timelines can get extended beyond expectations. This is why it is imperative that title agents are working with the best infrastructure, including the right vendor partners. Title agents face […]
The Mortgage Industry Challenges and ways to address them
The ever-evolving nature of the mortgage ecosystem has given rise to several mortgage industry challenges increasingly affecting businesses. Navigating through ups and downs in in the form of changing regulatory compliance, high costs and unpredictable volumes is difficult for mortgage companies. Mortgage industry challenges lenders face Reduced volumes This year, mortgage demand has slipped to […]
Speeding Up your Loan Origination Process
The loan origination process is a time- and labour-intensive process. On an average, it takes anywhere between 35 to 40 days to close a loan, given the host of paper-based processes involved. In the aftermath of the pandemic, as competition for the surge of new business is ramping up, it is has become inevitable for […]
Steps Mortgage Servicers Can Take as Loan Modifications Likely to Increase in Near Future
At a time when inflation hits a 40-year high and mortgage rates witness a rise, it is becoming clear that loan modifications will see a sharp spike in the coming months. In the month of June, foreclosures and delinquencies were up across the board, breaking months-long patterns of improvements. As per data from Black Knight, […]
5 Top Reasons You Need a Great Title Curative Partner
Title curative is described as a set of procedures used to “cure” defects in chains of title, that can involve correcting instruments that are erroneous or ambiguous. This is required when the title search reports show that mortgage documents are not properly assigned or released. Liens and other issues on titles can result in a […]
The Relevance of Title Domain Expertise in Title Support Services
The Great Resignation has affected businesses across industries. In 2021, more employees than ever before quit their jobs to move to greener pastures at other companies. Like any other industry, this ongoing issue has and continues to impact the Title industry too driving turnover, internal mobility and the need for companies to find ways to […]
Ways to Make Your Title Business More Efficient and Scalable
Across industries, technological advancements have helped in streamlining processes, increasing efficiencies and ushering in new opportunities. The title industry too that had hitherto remained largely unchanged thanks to multiple title data sources, time-consuming manual processes and difficult data transfers between systems. But it is now seeing a sea of change, especially post the pandemic. This […]
Cash Out Refi v/s Home Equity Loans: Which is best?
While buying a home is a dream come true for most, it’s also a major investment given that real estate has become a popular investment vehicle over the last 50 years or so. A home is considered to be in a different asset class and can help homeowners achieve their financial goals. There are some […]