Buying a home for the first time is an exciting endeavor. As a homeowner, you can customize your interior design, earn equity, and establish generational wealth. American homeowners boast a 400% higher average net wealth than renters with similar incomes and demographics. While buying a home has many advantages, it can be an intimidating process. After all, it’s one of … Read More
If you haven’t heard already, big changes are coming to the credit reporting space. On October 24, 2022, the Federal Housing Finance Agency (FHFA) announced that conventional mortgages will soon use two new credit scoring models and bi-merge credit reports. This announcement has naturally spurred many questions among mortgage professionals: How do the new credit scoring models differ from Classic … Read More
Customer service can make or break a company’s relationships with its clients. Just take a look at these statistics from surveyed customers: 75% have recommended companies based on their customer service. 96% say customer service has influenced their level of loyalty. 77% say poor customer service has detracted from their quality of life. As you can see, customer service is … Read More
With the weather warming up, you may be wondering what’s in store for the spring mortgage market. After all, sunny seasons are correlated with hotter housing markets and higher housing prices. The reason? Most sellers prefer listing their homes outside of the hustle and bustle of the holidays. While these seasonal trends have existed for decades, they were less pronounced … Read More
The mortgage industry is constantly evolving. As we move into 2024, many mortgage lenders are wondering how they can optimize their operations in light of the new year’s unique challenges, opportunities, and regulatory changes. To assist with this process, the Certified Credit team has answered ten of mortgage lenders’ most frequently asked questions for 2024. Read on to find their … Read More
Research shows that only 57% of Americans are financially literate. What’s more, financial literacy rates have plummeted 19% over the past decade. Due to this lack of financial literacy, many mortgage lenders receive constant questions about credit scores, credit reports, and the mortgage lending process. To help close this knowledge gap, the Certified Credit team has answered some frequently asked … Read More
