Talk Data to Me: The Mortgage Half-Time Report So far, 2023 has faced soaring interest rates, record-low inventory levels, and unprecedented home prices. Many buyers and sellers are understandably anxious about these market conditions. In turn, the mortgage purchase market has taken a hit. Despite these challenges, the market is brimming with emerging opportunities for future-focused mortgage lenders, especially as … Read More
From freelancing to gig work, there are many employment options available today outside of the standard nine-to-five. As a result, many Americans are mixing and matching occupations to optimize their incomes. In fact, an estimated 16 million Americans, or 10% of the United States workforce, currently have more than one job.[i] This trend poses an important question to mortgage lenders … Read More
Talk Data to Me: Experian Verify, Cascade VOE, & The Future of Verification of Employment In October 2022, we sat down with Ken Tromer, Director of Mortgage Market Engagement at Experian, to discuss Experian Verify. In this episode, Ken joins us once again, alongside Paul Robinson, VP of Sales at Certified Credit, to explore the evolving landscape of Verification of … Read More
Talk Data to Me: Lending to Gig Workers, Self Employed, & Independent Contractors By 2027, over 50% of the US workforce is likely to participate in the gig economy.1 So, how will this impact mortgage lending? The gig economy and self-employed individuals pose unique challenges for mortgage underwriting due to the variable nature of their income and the need to … Read More
From Boomers to Zoomers, every generation has distinct characteristics and priorities. Each generation has also faced unique economic conditions. These differences can color their subsequent home-buying experience. Gen Z is the youngest swath of homebuyers on the scene. Born between 1997 and 2012,[i] these young NextGens are quickly becoming a prominent part of the lending market. After all, 71.5% of … Read More
Enhance Your Borrower Qualification Process & Generate New Opportunities In today’s fast-paced and challenging market, mortgage lenders are facing some tough hurdles. Rising origination expenses, decreasing mortgage affordability, increased consumer debt, and low market confidence are making it difficult to maintain revenues and attract new borrowers. How can you boost your business and qualify more borrowers? The secret lies in … Read More
