Originating - The Mortgage Leader

The Future of Mortgage Origination: Embracing Automation for Efficiency
Explore how automation is revolutionizing mortgage origination, increasing efficiency, and redefining loan processing in the mortgage industry.

Subscribe to this RSS feed

Originating (1418)

Survey Reveals That Consumer Knowledge about Credit Scores Has Steadily Declined over the Past Eight Years

Wednesday, 12 June 2019

Originating

Written by tim

The ninth annual credit score survey, released today by the Consumer Federation of America (CFA) and VantageScore Solutions, LLC, shows that consumer knowledge about credit scores is at the lowest level in the past eight years. On most knowledge questions (as the enclosed table and charts show), correct scores declined by more than ten percentage… Read more...

Tagged under

originating

Statewide Closing Costs Avg Between .88% and 4.95% of Sales Price

Tuesday, 11 June 2019

Originating

Written by tim

SAN DIEGO--(BUSINESS WIRE)--ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, today released its most recent closing cost data, which showed that in 2018 national average closing costs for a single-family property were $5,779 including taxes, and $3,344 excluding taxes. ClosingCorp cost calculations… Read more...

Tagged under

commercial lending

Three Signs That It Is Time to Fire an Originator

Monday, 10 June 2019

Originating

Written by tim

By Pat Sherlock During one of my recent presentations, there was a lot of discussion about how to handle underperformers. The managers I spoke with agreed that some originators were not performing and needed to be fired. Many managers blamed HR for not letting them terminate the underperformers for fear of triggering a lawsuit. This… Read more...

Tagged under

lending

Ask The Expert: Am I Better Hiring Quality or Quantity?

Monday, 10 June 2019

Originating

Written by tim

I am having a bit of a debate with those who run this firm. I am a high-producing branch manager who would like to limit the number of loan officers I hire to higher-quality and consistent producing loan officers. Others want to hire “numbers,” no matter how little they produce or how much trouble they… Read more...

Tagged under

lending

Bill Bodnar of Mortgage Market Guide on Interest Rates - Trend is Still Your Friend

Friday, 07 June 2019

Originating

Written by tim

https://youtu.be/gYOAj6yVA38 Read more...

Tagged under

originating

Millennials Handle Homeownership by Taking Advantage of Refinance Opportunities

Wednesday, 05 June 2019

Originating

Written by tim

Average interest rates on all 30-year notes to Millennial borrowers declined in April 2019, spurring an increase in refinance loans from members of the generation looking to take advantage of lower rates. According to the latest Ellie Mae Millennial Tracker, the average 30-year note rate declined to 4.61% in April, down from 4.75% in March… Read more...

Tagged under

lending

Zillow Suggests 25 Things You Can Do Right Now To Grow Your Mortgage Business.

Thursday, 06 June 2019

Originating

Written by tim

By Katies Growing your mortgage business doesn’t always require a major brand makeover or complete change in processes. There are many small things that you can do to improve and grow your business in the immediate future, and different steps that can keep your business moving forward and bringing in more prospective borrowers. Here are… Read more...

Tagged under

commercial lending

Maxwell Suggests Three Ways to Improve Your Website

Tuesday, 04 June 2019

Originating

Written by tim

As a mortgage industry professional, having a website is an essential. Your site can help build your brand, get you referral partners, and of course, drive new customers But there’s a big difference between having just any website and having a great website. If your website is missing key components, like an effective lead form,… Read more...

Tagged under