And how Commercial Servicing (vs Residential) has different needs Property tax tracking has become one of the most problematic functions today’s mortgage loan servicers must master if they hope to remain profitable in a business where margins have never been thinner and the cost of compliance has never been higher. With thousands of overlapping taxing … Continue reading The Need for Technology in Real Estate Tax Servicing
Margin Pressure, Declining volumes and the Challenge 2018 is a very different year compared to last year with rising interest rates, overall volumes are seeing a decline, and managing origination costs during periods of declining volume is leading to margin pressure. Also, a low inventory of new homes is driving stiff competition amongst lenders to … Continue reading Break Through Mortgage Competition The Millennial Way
The real estate industry has the second highest rate of median loss due to frauds, according to the 2016 ACFE - Association of Certified Fraud Examiners Report on Occupational Fraud and Abuse. The report indicates that fraud costs around 5% of revenues every year to the average organizations, while 58% of victims are not capable … Continue reading 5 Ways to Cover Business Risks that Title Agents Are Prone To
Looking forward to the state of title industry in the year ahead, we find that there are some significant trends that would change the way title business is conducted - primarily it will impact the lenders and real estate agents that title agents serve. Understanding these trends will allow any title executive to be better … Continue reading Title Industry Predictions for 2018; Profit Margins, Losses, Growth & More
Borrower experience is going to become a prime differentiator for the top lenders next year. Consumers are demanding a better experience and government regulators have promised them that they will get it. Delivering that will require lenders to close loans faster and providing that seamless experience. Read Full Story on MBA Newslink.
We all know that use of technology has already taken roots on the loan origination side of the business, but we are now seeing technology being applied slowly but steadily for mortgage servicing tasks as well. The Fannie Mae CEO, in a recent article, mentioned that they too are now devoting attention to mortgage servicing … Continue reading Reduce Costs and Unnecessary Risks using Technology in Tax Servicing
Rates expected to upsurge to 4.6% in 2018 and over 5% in 2019 and 2020. 2017 has been quite a ride for Mortgage Interest rates in the US. While some months, saw a decrease in rates, others saw an increase owing to the rate hikes by the FED. The US economy saw the third interest … Continue reading Fed Raises Mortgage Interest Rates and Projects Three More Hikes in 2018 & 2019