A surge in mortgage originations and its effect on title and settlement services

A surge in mortgage originations and its effect on title and settlement services The mortgage industry encounters its busiest time of this year due to the large volumes of new origination and refinance. Michael Fratantoni, the chief economist of Mortgage Bankers Association, predicts that mortgage lending for new home purchases and refinances together will hit…

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THE MORTGAGE INDUSTRY: CURRENT SCENARIO

The Mortgage Industry: Current Scenario Global mortgage markets face new challenges in the current pandemic situation. Profitability and liquidity of mortgage lenders are deeply affected by default rates, repayment schedules, and changes in originations, as residential mortgages have more impact on their balance sheet. Mortgage lenders are gradually coming to terms with these tough times…

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HOW TO MITIGATE THE CURRENT IMPACTS ON PROPERTY PRESERVATION SERVICES

The current impacts of the pandemic have subjected many businesses to unforeseen outcomes and the Property Preservation vertical is also not an exception. The virus has wedged the global economy significantly with Field Servicers struggling to strategize effective BCPs. The Property Preservation experts do have definite proficiency in delivering speedy and accurate services even under…

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6 STAGES TO FNMA DAY ONE CERTAINTY

In November 2016 Federal National Mortgage Association (FNMA) announced that they would allow their partner lenders to offer Day 1 Certainty (D1 Certainty) for any of their borrowers applying for a Fannie Mae loan. Federal National Mortgage Association depends on the Desktop Underwriter (DU) validation service; a new service that validates the borrower’s assets and income using qualified third-party vendors pre-approved by FNMA.

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