With the weather warming up, you may be wondering what’s in store for the spring mortgage market. After all, sunny seasons are correlated with hotter housing markets and higher housing prices. The reason? Most sellers prefer listing their homes outside of the hustle and bustle of the holidays. While these seasonal trends have existed for decades, they have been less … Read More
As a mortgage lender, you rely heavily on credit reports, verifications, tax transcripts, and other tools to facilitate your loan origination. By choosing your solution providers with care, you can secure competitive prices and enjoy supportive customer service. However, patching together products from various vendors isn’t always the best strategy. Working with just one trusted service provider can unlock more … Read More
Verifying borrowers’ income is a critical step in the mortgage lending process. Tax transcripts confirm that your applicants’ stated income matches official IRS records. In turn, they protect you from fraud, strengthen your regulatory compliance, and reduce your repurchase risk. While essential, accessing tax transcripts hasn’t always been easy. The IRS is often understaffed and relies on dated technology, making … Read More
If you’re eager to maintain a strong credit score, you probably already know what’s at stake. A high credit score can help you qualify for loans, secure lower interest rates, and access more favorable opportunities. To earn a high credit score, you must optimize five factors: your payment history, account balances, length of credit history, credit mix, and credit inquiries. … Read More
Buying a home is an exciting process, but it requires careful planning and a strong creditworthiness. From your initial application to closing day, it can feel like you’re under a microscope. And in many ways, you are—mortgage lenders closely scrutinize your finances and credit history to ensure you can truly afford your home loan. The good news? With a few … Read More
With today’s rising home prices and elevated interest rates, buying a home comes with significant costs. As a result, many borrowers are eager to save on their mortgage payments. One powerful way to minimize your mortgage payments is to apply for your loan with a strong credit score and low debt-to-income (DTI) ratio. While it can take time to build … Read More
