This year has been a volatile one for the mortgage industry. Now that we’re entering the second half of 2023, many mortgage lenders and aspiring borrowers may be wondering what the rest of the year has in store. In this mortgage half-time report, we’ll summarize this year’s most noteworthy market conditions. We’ll also provide some predictions for the next six … Read More
Historically, verification of income and employment (VOE) was an inefficient process. Lenders had to track down employers’ contact information and reach out several times, often to the detriment of their other workflows. Thanks to the development of instant hit VOE technology, this is no longer the case. While instant VOE was a game-changer upon its launch, the innovation hasn’t stopped … Read More
Talk Data to Me: The Mortgage Half-Time Report So far, 2023 has faced soaring interest rates, record-low inventory levels, and unprecedented home prices. Many buyers and sellers are understandably anxious about these market conditions. In turn, the mortgage purchase market has taken a hit. Despite these challenges, the market is brimming with emerging opportunities for future-focused mortgage lenders, especially as … Read More
From freelancing to gig work, there are many employment options available today outside of the standard nine-to-five. As a result, many Americans are mixing and matching occupations to optimize their incomes. In fact, an estimated 16 million Americans, or 10% of the United States workforce, currently have more than one job.[i] This trend poses an important question to mortgage lenders … Read More
Talk Data to Me: Experian Verify, Cascade VOE, & The Future of Verification of Employment In October 2022, we sat down with Ken Tromer, Director of Mortgage Market Engagement at Experian, to discuss Experian Verify. In this episode, Ken joins us once again, alongside Paul Robinson, VP of Sales at Certified Credit, to explore the evolving landscape of Verification of … Read More
Talk Data to Me: Lending to Gig Workers, Self Employed, & Independent Contractors By 2027, over 50% of the US workforce is likely to participate in the gig economy.1 So, how will this impact mortgage lending? The gig economy and self-employed individuals pose unique challenges for mortgage underwriting due to the variable nature of their income and the need to … Read More
