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
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
Certified Credit to attend The Mortgage Collaborative’s “The Mane Event” Conference in Louisville, Kentucky, where it will present cost-saving solutions and industry insights. The Mortgage Collaborative (TMC) hosts an annual conference that draws mortgage professionals from across the country. This year, “The Mane Event” is taking place in Louisville, Kentucky at the Omni Louisville Hotel from Sunday, March 24, to … 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
