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Loan Origination Systems

Posted by Brian Hall on Oct 13, 2017 3:24:58 PM

Tee off with us as we take you through nine holes of the mortgage process, and find out if your mortgage business is up to par.

 

As the mortgage world speeds up, technology continues to advance, and processes become more condensed, spending your time the right way is crucial. With the number of tools and resources available to lenders, spending excessive time on something that could easily be resolved by implementing the right solution to expedite the process can be a huge detriment to mortgage businesses.

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Customer Relationship Management and Lead Management Systems

Posted by Brian Hall on Oct 10, 2017 2:04:48 PM

Tee off with us as we take you through nine holes of the mortgage process, and find out if your mortgage business is up to par.

 

You’ve worked hard up to this point capturing leads; you’ve put your rates online, cast a wide net to bring in online borrowers, and the hits are finally coming in.

 

So…now what?

 

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Point of Sale

Posted by Brian Hall on Oct 5, 2017 2:59:25 PM

Tee off with us as we take you through nine holes of the mortgage process, and find out if your mortgage business is up to par.

 

Complex rules and regulations can be tough for anyone to follow. Being unable to keep up with several moving parts and making sure they’re all within certain guidelines can be a major hindrance for any business, and especially one in the mortgage space. One of the most important areas to stay on top of this in mortgages is with pricing, in which not staying within the set of rules can make accuracy and compliance a big issue. This is evident in point of sale, in which lenders often need pricing data to drive toward a locked loan, and have to rely on that data being fast, accurate, and staying within the rules.

 

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Lender Websites

Posted by Brian Hall on Sep 29, 2017 1:04:15 PM

Tee off with us as we take you through nine holes of the mortgage process, and find out if your mortgage business is up to par.

 

The first objective for successful online quoting is obviously to get your rates online. However, lenders often overlook the importance of also having a functioning, well-crafted mortgage website.

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Lead Capture - Short Form/Long Form

Posted by Brian Hall on Sep 25, 2017 3:39:29 PM

Tee off with us as we take you through nine holes of the mortgage process, and find out if your mortgage business is up to par.

 

With online quoting on the rise over the last several years, online leads have responded in kind. There are so many different ways to get leads now, and from so many different sources, that simply mastering one source is no longer good enough in today’s mortgage world.

 

Online borrowers respond to a lot of different things, and being able to cast a wide enough net to reach the most people is key in an increasingly competitive market. Some want the quickness and ease that comes with giving relatively little information, while others want the assurance that they’ll be given the best possible results by submitting as much information as necessary.

 

 

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Lead Capture – Online Rate Tables

Posted by Brian Hall on Sep 19, 2017 2:52:24 PM

Tee off with us as we take you through nine holes of the mortgage process, and find out if your mortgage business is up to par.

 

The first, most crucial step to being an online mortgage lender is having your rates online. Nine out of ten homebuyers have said they used an online resource at some point during the borrowing process, and if they can’t find your rates while they’re online, they probably won’t be borrowing from you.

 

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An Enhanced Encompass Experience For Lenders

Posted by Brian Hall on Aug 30, 2017 2:48:09 PM

Last month we wrote a blog spotlighting our Encompass integration; specifically, the ways in which it helps out lenders by streamlining their processes and allowing them to use a single interface throughout their workflow.

 

In our efforts to make this integration as useful and accessible to our customers as possible, we’re constantly working to improve and enhance the workflow and experience it provides. It’s this thinking that’s driven us to enhance our LOS integration with Encompass; giving a better and more streamlined experience.

 

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MBA Comes Out In Support of SAFE Transitional License Act

Posted by Lori Rezac on Aug 23, 2017 1:38:17 PM

The MBA released a statement this week in response to the introduction of the SAFE Transitional License Act in the Senate. This bill would allow registered loan originators to be granted temporary authority for 120 days to originate mortgage loans when transitioning between federally insured institutions, as well as between states.

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Competition Among Credit Score Models Being Considered

Posted by Lori Rezac on Aug 7, 2017 12:13:24 PM

There has been quite a bit of talk lately regarding different credit score models and if the mortgage lending industry should allow more than just the traditional FICO.  In the past, many have questioned the accuracy of the FICO, partially due to the complexity of the calculation.  A bill has been introduced in the Senate to address these concerns, called the “Credit Score Competition Act”. 

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Profitability Automation and Tools with Mortech

Posted by Brian Hall on Aug 3, 2017 2:49:06 PM

When it comes to a loan’s profitability, the most important aspect is being able to maintain profit and minimizing time-spend, while keeping your borrower happy by giving them the best possible rate. It’s a tricky tightrope to walk, however great borrower engagement is no good if you’re not actually profiting on the loans you’re giving out. What’s worse, spending too much time on profitability and making sure you’re both making profit and giving your borrower the best product can actually hurt you in the long run.

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