Of all the financial institutions, credit unions stand out for their compassionate service, competitive rates, and unwavering commitment to their members’ success. By prioritizing people over profits, credit unions also earn esteemed reputations within the communities they serve. If you run a credit union, you most likely want to work with a credit partner that shares your values. After all, … Read More
The mortgage industry is competitive, complex, and ever-evolving. As a result, most mortgage lenders are eager to find ways to gain an edge over their competition. One way to set your business apart is by optimizing key workflows with Cascade. Designed by mortgage industry experts, Cascade is a class of workflow automation products made specifically for loan officers. Cascade can … Read More
Your credit score impacts the financial opportunities you can qualify for. Having a high credit score can help you get approved for credit cards, loans, and mortgages. It will also make you eligible for better rates and terms. On the other hand, a low credit score can stand in your way when trying to qualify for these opportunities. If your … Read More
Verification of income and employment (VOE) is an essential step in the loan origination process. It allows you to confirm that your applicants truly possess the income and employment history they claim on their applications, preventing you from falling prey to mortgage fraud and fortifying your risk mitigation. While VOE is vital, it can also be cumbersome, costly, and time-consuming … Read More
From hurricanes to forest fires, the environmental impacts of climate change are becoming more pressing with each passing year. Flooding, in particular, is an especially pertinent issue, as 90% of natural disasters involve some degree of flooding.[i] In the last decade, flood damage has cost Americans over $50 billion.[ii] According to FEMA, just one inch of water damage can result … Read More
NextGen homebuyers, made up of Millennials and Generation Z, are an up-and-coming consumer group in the mortgage market. Currently aged 12 to 43, these young generations make up 20% of the population. Here are some more statistics that showcase their growing prominence: 43% of younger Millennials who don’t have a mortgage yet could qualify for one. 87% of surveyed Gen … Read More
