Category: Insights

When it comes to mortgage lending, tri-merge credit reports are the gold standard.[i] These comprehensive credit reports combine credit data from all three of the major credit bureaus: TransUnion, Equifax, and Experian. By offering a more complete picture of a borrower’s credit history, tri-merge credit reports can enhance mortgage lenders’ and underwriters’ confidence in their lending decisions. So, how can … Read More

A family home is a place where loved ones can come together and make long-lasting memories. Homeownership also helps families pass on their wealth from generation to generation. Unfortunately, homeownership has historically been out of reach for many underserved communities, or unserved communities.[i] To explore the reasons behind this issue, we invited several mortgage and housing experts onto a panel … Read More

2023 is changing things up in the mortgage industry. From rising credit reporting costs to new mortgage credit scoring models, mortgage lenders need to stay on top of the upcoming changes and adjust their business models accordingly. To help mortgage lenders prepare for 2023, we spoke with Kevin Peranio, Chief Lending Officer of PRMG, about his mortgage industry predictions in … Read More

The second half of 2022 was characterized by sky-high interest rates and rising inflation. As a result, many homebuyers and sellers have been waiting on the sidelines for these market conditions to improve. Rates will likely go down this year, but 2023 presents some new challenges for mortgage lenders. Most notably, credit reporting costs are increasing. According to the National … Read More

If you want to succeed in the mortgage industry, you need to provide your borrowers with an excellent experience. If you do, they’ll be more likely to recommend you to their friends and family and think of you the next time they purchase a home or need to refinance. So, how can you improve the experience for your borrowers? Below, … Read More