Introduction Loan modifications are on the rise again, as rising interest rates and mortgage rates make it more difficult for borrowers to afford their monthly payments. According to the Mortgage Bankers Association, the number of loans in foreclosure increased by 15% in the first quarter of 2023, compared to the same period in 2022. Loan … Read More
Mortgage professionals today have access to a wide array of technologies and resources that broaden their ability to interact with borrowers, close more loans, and improve customer satisfaction. But in order to be successful in the industry, it’s important to stay competitive and for lenders and brokers to develop strategies and processes that help them … Read More
Introduction Boutique lenders are small, independent lenders specializing in a particular niche market. They often have a more personalized approach to lending than larger banks or credit unions. However, boutique lenders can also face challenges, such as managing a growing volume of leads and borrowers, tracking loan performance, and complying with regulations. An Agency Management … Read More
Introduction Hard money lenders provide a valuable service to borrowers, but they often make mistakes that can cost them. Here are the five most common mistakes hard money lenders make, and how to avoid them. 1. Not Knowing What Your Borrower Wants Hard money lenders need to understand what their borrower wants and needs. What … Read More
Introduction Mortgage compliance laws for brokers are an essential part of the mortgage industry, as it helps to protect consumers from predatory lending practices and ensures that lenders operate in a responsible manner. Mortgage compliance ensures that lenders, mortgage brokers, and other financial services providers abide by the laws and guidelines related to the origination, … Read More
Generating Customer Leads for Mortgage Brokers Generating customer leads is critical for mortgage brokers to stay active and succeed in their field. Without leads, a broker may have their business dry up. Here are some strategies and tactics to help you increase your success in generating customer leads. Utilize Social Media Social media provides a … Read More
Introduction to common mistakes mortgage brokers make Mortgage brokers are essential to the home-buying process. They create loan pipelines by connecting borrowers and lenders to facilitate funding for mortgages. But growing a successful loan pipeline isn’t easy. There are common mistakes that mortgage brokers often make that can negatively impact their success. Here are some … Read More
Grow Your Mortgage Business With Testimonials If you’re in the business of mortgages, you know that word of mouth can be a powerful tool for gaining clients. Testimonials are one of the best ways to get potential clients to understand why they should choose your services over those of your competitors. Testimonials can help you … Read More
Introduction As the economic climate becomes more unpredictable, mortgage brokers need a cost-effective way to manage their business. Affordable mortgage pipeline management software, such as CaptaFi, offers a solution to help these professionals stay on top of their operations. In this article, we will explore the benefits of using this type of software. Increased Efficiency … Read More
In today’s digital age, it’s no surprise that more businesses are turning to e-signatures, or e-sign for short, to streamline their business processes. Integrated e-signature software helps companies save time, reduce costs, and increase efficiency. Here are just a few of the advantages of integrating e-sign into your existing CRM software. Cost Savings: Businesses can … Read More
