05.12.16
Is Student Loan Debt Slowing Down The Housing Market?
In most cases a college graduate has higher earning potential than someone with just a high school diploma. In a competitive job market, it’s an advantage to have a degree.
04.26.16
Preparing for Millennials Entering the Mortgage Market
We cannot ignore the transformation that is occurring in the residential housing market today. Relatively unchanged since the 1950s, the housing market will soon (and in some markets is already) be catering to a new breed of American homeowners, Millennials. Young professionals, who have never lived in a world without a global, online information network, are the future of the mortgage industry. They have widely different concerns from their predecessors. The mortgage industry needs to be prepared to address all of these concerns at every level of the mortgage process.
04.19.16
Bridging the Closing Gap for eMortgage
How many completely paperless mortgages did you close and deliver this year? For most lenders, the answer is still zero.
03.24.16
Sign on the Digital Dotted Line: TRID’s Impact on eSign Adoption
Five months after the CFPB’s TRID rules went into effect, mortgage lenders across the country are still struggling with how to best manage the changes. Outside of the physical changes to the documents, the biggest impact has been in the waiting periods mandated for both the initial “good faith” estimates and the closing costs disclosures.
The rules are well known by now – a three-day requirement for all loan document disclosures and a seven day advanced notice for all material changes to the Loan Estimate. Closing delays due to disclosure errors can be extremely costly – impacting realtor relations and the ability of a homebuyer to move in and maybe even own the home if the rate locks and the deal falls through because of mistakes.