To help improve turn times and streamline the tax transcripts request process, the Internal Revenue Service (IRS) has recently released its new 4506-C form. This new form meets the standards of their anticipated OCR (Optical Character Recognition) software. The new 4506-C form can be found here. You can begin using this new form as soon as today. Both versions of the Form 4506-C will … Read More
If you’re a mortgage lender looking to expand your business prospects, you may want to build your personal brand. A compelling personal brand and the right mortgage lending tools can help you attract more business now and in the future. In turn, you can give your mortgage lending business the boost it needs to sustain consistent growth. Below, we’ll offer … Read More
If you’re an aspiring homeowner, you may want to check your credit score before you apply for a mortgage. Reviewing your credit score can help you determine whether or not you should take steps to improve it before starting your home search. While checking your credit score is a smart move, you won’t necessarily see the same number as your … Read More
The mortgage industry has faced many ups and downs in recent years. Since the start of the pandemic, home prices have surged by 43%.[i] This sudden spike in home values paved the way for a flood of refinancing requests, but this boom in business was only temporary. As interest rates increase to tame record inflation, the current mortgage market is … Read More
Many mortgage lenders assume that the key to success is attracting an abundance of new applicants. While this aim is important, achieving it in the current mortgage market is increasingly difficult due to low volumes and record-high interest rates.[i] So, what can mortgage lenders do in the meantime to supercharge their revenues? During this downtime, many lenders can benefit from … Read More
Borrower retention has been a widespread issue for mortgage lenders for many years. The average borrower retention rate in the mortgage industry is just 18%[i]—the lowest rate of any major industry in the United States. In the current mortgage market, borrower retention is more critical than ever before. That’s because mortgage applications are waning, purchase rates are low, and interest … Read More
