Insights

Prequalification vs. Preapproval

Right now, the mortgage market is going through a shift. Refinance requests are being eclipsed by mortgage applications for new home purchases. On top of that, housing inventory is at an all-time low.1 In this evolving housing market, mortgage lenders must update their strategies to stay competitive. One effective strategy is leveraging prequalification as a marketing tool. Prequalification has many … Read More

Prequalification vs. Preapproval: How Prequalification Improves Customer Retention and Lead Generation

Insights

Mortgage Prequalification

With available housing inventory at historically low levels and mortgage rate increases looming on the horizon, competition for housing is fierce in many markets across the United States. Wanting to buy their dream home before they get priced out of the market, many individuals and families are choosing now to shop for a new home. This seller’s market creates a … Read More

What is a Mortgage Prequalification & What Benefits Does it Offer?

Insights

The Power of Integrating Your LOS with Certified Credit

In recent years, technology has transformed nearly every aspect of the mortgage industry. Tech-savvy mortgage solutions have allowed many lenders to enhance their operational efficiencies and seamlessly scale up their businesses. In contrast, lenders that haven’t adopted these tools are at risk of falling behind, due to disjointed, inefficient workflows and lagging origination times. If you want to succeed as … Read More

The Power of Integrating Your LOS with Certified Credit

Insights

Tech Trends

Did you know that 90% of the data ever created in human history was generated in the last few years?[i] Data and technology have transformed nearly every area of our modern life. The credit reporting industry is no exception. From advanced credit scoring algorithms to cutting-edge fintech applications, the credit sphere has experienced many notable upgrades in recent years. As … Read More

7 Tech Trends Revolutionizing The Credit Reporting Space in 2022

Insights

What is the importance of data analytics in the mortgage industry

This is a crowdsourced article. Contributors are not necessarily affiliated with this website and their statements do not necessarily reflect the opinion of this website, other people, businesses, or other contributors.   Data is everything … if it’s translated into actionable insights. Enter the field of data analytics. Breaking down and manipulating big data can have huge payoffs for both … Read More

What is the importance of data analytics in the mortgage industry?

Insight

With the rise of digitization, online hackers have more opportunities to get their hands on your data than ever before. Over 1,000 data breaches were reported in 2020 alone. Even companies with robust security systems are vulnerable. For example, Equifax’s 2017 data breach placed 147 million Americans’ personal information at risk. If your data is exposed in a data breach, … Read More

How Credit Freezes and Credit Locks Can Protect Your Score