While some mortgage brokerages have an in-house loan processor, many are looking to third-party processing companies to meet the needs of their growing pipelines. But the home loan process can be a very personal experience for borrowers, and mortgage loan originators (MLOs) may feel cautious about handing them off to an “outsider.” Establishing a positive relationship with your outsourced mortgage … Read More
Refinance or Purchase a New Home? How to Help Your Customers Decide What is Best for Them
Towards the end of 2020, mortgage rates hit historic lows thanks in part to the COVID-19 pandemic. As a result, millions of homeowners realized they could refinance — or afford a new home — and mortgage applications rapidly rose. By December, rates had dropped down to 2.67% for a 30-year fixed-rate — more than a full percentage point lower than the 3.7% average … Read More
Straight From the Customer’s Mouth: “We Value Their Partnership.”
Bill Mullan has been a mortgage loan originator since 2016 and a wemlo℠ customer since November of 2020. Before then, his office primarily used an in-house loan processor, but an increase in volume drove a need for additional support. Additionally, their loan processor had to take a medical leave, so having the option to bring in outside processors was a … Read More
4 Essential Tips to Make the Most of Working from Home
Working from home has become the new norm — and the trend is likely to continue beyond the COVID-19 pandemic. Whether you’ve been working from home for months or still getting the hang of things, here are a few of our top tips for making the most of it.
How to Close a Mortgage Loan Quickly So You Can Do More Business
Learning how to close a mortgage quickly takes time, but as you gain more experience as a mortgage loan originator, you will pick up some techniques that will put you ahead of the competition. Here are a few things to keep in mind. In a competitive, fast-paced industry like ours, you have to keep up with the best to be … Read More