Right now, it is great to be a mortgage servicing industry professional, especially if you work for a non-depository institution. According to the Bureau of Labor Statistics, low mortgage rates allowed for increases to payroll for nonbank mortgage brokers, which means more jobs for MLOs. Part of the increased demand for mortgage professionals comes from the relief provided by the … Read More
The Latest Tech Revolution: How Are AI and Digital Mortgage Software Changing the Industry?
The world has gone digital—for MLOs, that means Artificial Intelligence and digital mortgage software are now part of the mortgage lending process. Are you using the latest tech to originate and close your loans? Here is how the latest tech revolution is changing the mortgage industry. It’s no secret that technology is driving a large part of our lives. From … Read More
Digital Mortgages? Closing Is about Building Trust with the Borrower: Here’s How
For MLOs, digital mortgages and digital closings are becoming more and more common. With added convenience, however, comes added responsibility to your clients, and that means you have to build trust. Small businesses have to worry about how they represent themselves to their clients. In the mortgage industry, MLOs are especially prone to perceptions that might hurt their ability to … Read More
Mortgage Lending Trends: 5 Critical Industry Insights for MLOs in 2020
If this year has proven anything, it is that some things are impossible to predict. This is especially true for the mortgage lending industry. However, by looking at recent trends we can prepare ourselves for some big moves. Here are five critical insights MLOs need to pay attention to for the rest of the year. First-Time Homebuyers Are in Demand … Read More
How to Make Your Mortgage Services Indispensable to Your Clients This Hurricane Season
For those in the mortgage services industry on the East Coast and the Gulf of Mexico, hurricane season can be a disruptive time for growing a client base and closing on home loans. This year, is going to be even more difficult. According to the National Oceanic and Atmospheric Administration (NOAA), 2020 is going to see “above-normal” hurricane activity. In … Read More