We’re currently in the midst of National Hispanic Heritage Month, which takes place from September 15th to October 15th.[i] During these 30 days, many Latin American countries celebrate their independence. In light of this month-long celebration, we want to highlight the growing population of Hispanic homebuyers. As of 2020, the United States was home to over 62 million Latinos.[ii] Between … Read More
The mortgage market has experienced many changes in recent years. In 2020 and 2021, the demand for refinances surged, thanks to the historically low interest rates.[i] During this time, many mortgage lenders enjoyed abundant revenues. Today, the mortgage landscape is quite different. With a looming recession and rapidly rising interest rates,[ii] refinance requests have waned. What’s more, a low housing … Read More
As purchases drive the current mortgage market, trigger leads are becoming more prevalent. Trigger leads are a product offered by the credit bureaus. Some people argue that trigger leads benefit borrowers and lenders alike. Others view these services as spammy, annoying, and confusing for consumers, due to their unsolicited nature. Below, we’ll discuss what trigger leads are and how they … Read More
Your credit score is made up of five factors: payment history, credit utilization, length of credit history, new credit accounts, and credit mix. Understanding these factors allows you to make smarter credit decisions so you can earn a high credit score. In addition to learning how to optimize these factors, you also need to learn why they matter to lenders. … Read More
Due to unforeseen circumstances with the cloud migration, MeridanLink will be postponing the go-live for August 26, 2022 and rescheduling to Friday, September 9, 2022. We will continue to provide notice as we approach that date. Please note that this announcement contains new information about what to expect during our production environment migration to our new infrastructure. See below for … Read More
Just as music preferences and social norms shift from generation to generation, so do home buying habits. In recent years, Millennials have made up the largest percentage of homebuyers.[i] As more Millennials and Gen Zers make their way into the housing market, it’s important for lenders to tailor their customer experience to suit the unique needs and preferences of NextGen … Read More
