News & Insights

Due to ongoing high interest rates, 2024 has been a challenging year for homebuyers and housing professionals alike. With fewer purchase loans and refinances to go around, many lenders are reassessing their growth strategies.  One way mortgage lenders can grow their businesses is by leveraging the right tech solutions. From AI to automation, advanced tech tools can speed up turn … Read More

Now that summer is underway, 2024 is officially halfway over. This year’s mortgage market has fallen short of many mortgage lenders’ expectations – high interest rates, lackluster inventory, and record-breaking home prices suppressed the highly anticipated Spring purchase market.  As a result, many lenders are wondering what the second half of 2024 has in store. Are market conditions poised to … Read More

For 84% of Americans, owning a home is a part of their American Dream. Unfortunately, over 50% doubt that they’ll ever attain this milestone. Underserved borrowers, in particular, have more obstacles in their way, from higher rates of loan denial to fewer financial resources.  As a mortgage lender, you have the power and expertise to help borrowers from all backgrounds … Read More

So far, the 2024 mortgage market has left both lenders and borrowers longing for better market conditions. With interest rates hovering around 7%, purchase loans simply aren’t in many aspiring homebuyers’ budgets. Even fewer borrowers are eager to refinance right now.  While purchase loans and refinances don’t have high demand, there are still some lucrative lending opportunities – home equity … Read More

According to a new Bankrate survey, 50% of Americans who have applied for financing have been denied, with 17% being denied multiple times. Of these denied applicants, 82% claim their lack of access to credit has hurt their finances.  This alarming denial rate started rising when the Federal Reserve began raising interest rates in March 2022. With rates still elevated, … Read More