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Secrets of Mega-Producing Loan Originators
A survey of the nation's top-producing loan originators found that three elements of customer satisfaction are most important. The male-dominated group manages to maintain high levels of production despite frustration with growing regulatory requirements.
Maximizing Web Site Conversions
New research indicates that customers who complete loan applications online have high quality risk characteristics and a better closing ratio. The report looked at how some Web sites generate more conversions than others.
Pricing Platform Expanded
A popular product and pricing engine has been expanded to include prospecting, processing and lead-qualification features.
How to Build a Great Origination Web Site
A good mortgage Web site makes it easy for prospective borrowers to find the information they need and to get in contact with a specific loan originator, while how refinance prospects are greeted online can impact their conversion rates. These and more factors were analyzed in a new study that identifies which mortgage lenders are best and worst at moving qualified online prospects forward in the origination cycle.
Platform Promises Improved Results
A new platform that links a pricing engine with origination and underwriting systems promises to shorten the amount of time it takes to process and underwrite a mortgage while increasing the likelihood of final approval.
Credit Services for Originators, Lenders and Borrowers
Among a host of credit-related services are supplemental credit reports, integrated offerings and credit restoration. One firm claims that loan originators can boost their referral business with one of its products.
DPA is Back
An Atlanta firm has launched an automated service that helps lenders find local downpayment assistance programs. The offering also acts as a lead generation tool.
Freddie Revises Income Requirements
reddie Mac is taking steps to address underwriting deficiencies on loans it acquires -- including tightening income requirements. The secondary lender also introduced new forms and stopped purchasing loans on certain types of condominiums.
Forms 1003, 1008 Revised
Fannie Mae has updated the Uniform Residential Loan Application and the Uniform Underwriting and Transmittal Summary.
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