Qualifying More Borrowers in Today's Market [Part 1] Your browser does not support the audio tag. Qualifying More Borrowers in Today's Market [Part 2] Your browser does not support the audio tag. Talk Data to Me: Qualifying More Borrowers in Today’s Market From growing expenses and declining revenue to the impacts of increasing consumer debt and decreasing creditworthiness, competing in … Read More
This year, housing affordability has reached a record low.[i] Only 21% of homes for sale are considered “affordable,” meaning that their estimated monthly mortgage payments are less than 30% of the average residents’ income. That figure is down from 60% in 2021.[ii] So, what’s the reason behind these costly market conditions? High interest rates and low housing inventories are two … Read More
First-time homebuyers naturally have many questions about the mortgage lending process. As a mortgage lender, you can educate these borrowers so they move through the lending process with confidence. In this article, we’ll answer 20 of the most frequently asked questions about buying a home for the first time. You can use these FAQs to coach your applicants and bolster … Read More
Certified Credit’s ICE Mortgage Experience 2023 Recap This year, Certified Credit attended the 2023 ICE Mortgage Experience. This conference draws thousands of mortgage professionals and industry experts from across the country. During the event, we had the pleasure of speaking to many mortgage lenders and listening to keynote speaker panels. These discussions shed light on the current challenges faced by … Read More
Talk Data to Me: The Interplay Between Forbearance, Foreclosures, and Bankruptcy – Trends and Economic Indicators to Watch with Scott Fink and Ben Hoen of Weltman The current economic situation has left many individuals worried about the potential of facing foreclosure or bankruptcy. With growing uncertainty surrounding employment, income, and overall financial stability, it’s no surprise that people (and servicers) … Read More
As a mortgage lender, satisfying your borrowers can lower your customer acquisition costs, boost your reputation and revenues, and increase your referrals. You can cultivate a happy, loyal customer base by prioritizing clear communication and exceeding borrowers’ expectations. On the flip side, unsatisfied borrowers can harm your reputation and retention rate. Negative feedback and reviews can spread fast, making it … Read More
