Mortgage applications decreased 1.5% from one week earlier as rates rose above 7%, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Sept. 18. The trade group confirmed that last week’s results included an adjustment for the Labor Day holiday. On an unadjusted basis, the index increased […]
As rates push past 7%, mortgage applications slip again Read More »
A complex-income preapproval does not usually fail because the loan officer cannot add. It fails because one assumption was treated as settled before anyone proved it. The borrower then shops, negotiates or gives notice based on a number that changes when the file reaches a deeper review. That is an avoidable trust problem. The loan
Complex Income Preapproval: 5 Questions that Prevent Surprises Read More »
As the spring and summer homebuying seasons come to a close, companies in the mortgage industry are increasingly turning to artificial intelligence to improve workflows and cut costs. Processing Content Twenty companies displayed their unique uses of AI to automate the loan lifecycle at the Digital Mortgage tech showcase last week, while Attom, Optimal Blue
AI deal roundup: 12+ partnerships lenders must track Read More »