It’s becoming less and less of a secret that online automated rate quoting is the fastest and most accurate way to get your rates in front of as many borrowers as possible. More lenders are relying on mortgage pricing engines like Marksman to automatically post and update their rates online; bringing in more leads while also providing the most accurate and up-to-date information to online borrowers. However, while many lenders are auto-quoting online, they aren’t necessarily utilizing the ability to post their rates to multiple different marketplaces at once.

The Fannie Mae Q2 Mortgage Lender Sentiment Survey® has been released, showing positive lender attitudes overall; a recovery from a decline in recent quarters. Most lenders reported an expectation of credit standards to remain unchanged with very few expecting an ease of credit standards from the GSEs over the new three months.

Along with being a busy time for home buyers, the summer months are also filled with vacations. In fact, I just got back from a week out of the office, and it was awesome to relax and recharge. While I was out I knew my coworkers would be able to answer any questions my clients brought forward. Which got me thinking upon my return about how Marksman can assist with staff being out of the office.

In the growing world of mortgages, looking for the best way to expand and improve your business can be hard. Finding something that fits your company, and will work for you to create better business opportunities - rather than work against you - can take a lot of time and head-scratching, as making the wrong choice can be a huge detriment to your business.  When it comes to finding the best mortgage pricing engine to save you time and build your audience, however, Mortech makes it easy to choose the right option. With our mortgage pricing engine, Marksman, you not only save time and money on day to day operations, but also grow your audience with our easy to use, 100% web-based software

This week Freddie Mac released a survey showing nearly 40% of those born before 1961 would prefer to move at least one more time. Of those, 70% said they are likely to purchase their next home, with half looking to downsize. This creates new opportunities and challenges for the industry in the coming years, and with the size of this generation, the industry will need to adjust.

Sometimes more is less, especially when it comes to making a decision of where to go next. I don’t know why, but I do not like multi-lane, multi-exit roundabouts. I get it, they are designed to keep traffic moving, but if I’m on a road I’ve never been on, it is nerve-wracking.  Roundabouts with one lane and one or two definitive exits are way easier as I have less of a chance of picking an errant path.

Major motion pictures have come into a new day and age when not everything has to be filmed in Hollywood. As movie studios move to more cost-effective filming locations, they can affect several different aspects of a city. We pulled mortgage data from four popular filming cities to compare what getting a home in one of these Hollywood hotspots is like.

The Consumer Financial Protection Bureau (CFPB) has released their rulemaking agenda for the spring of 2016.  The CFPB is required to publish their regulatory agendas twice a year under the Regulatory Flexibility Act.  Major current initiatives within the mortgage category include the following:

Currently in the public comment stage, a new rule would end incentive-based pay that encourages inappropriate risk-taking at covered financial institutions. According to a joint release posted on FHFA, these flawed, incentive-based compensation packages were a large contributor to the financial crisis that began in 2007. At that time many compensation structures centered on volume and loan size rather than quality.

This is one of the first times in my life I’ve really paid any attention to hockey. The sport just wasn’t available for me to play growing up, so I guess it’s a case of out-of-sight, out-of-mind. One of the things I find fascinating is all of the line changes occurring throughout the game. So my thought is even if you don’t start, that doesn’t mean two minutes later you’re not in the game; seeing so many different combinations of personnel is really fascinating to me. So how often do you have a line change of products available to your clients?