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Proactive quality control for lenders: How to navigate market shifts, regulatory changes and improve loan quality

Housing Wire

Pre-CTC review processes : In a proactive shift, some lenders are moving their QC efforts earlier in the loan process, conducting pre-clear-to-close (CTC) reviews. One critical shift is the adoption of pre-funding QC reviews. This year, we’ve implemented a new pre-close audit before our underwriters finalize the loan.

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It’s time for collective action on fintech adoption

Housing Wire

The fourth quarter of 2023 was the seventh straight quarter of net production loss for lenders , who hemorrhaged an average of $2,109 pre-tax dollars for each loan they originated. A few weeks later the Mortgage Bankers Association released its Quarterly Mortgage Bankers Performance Report , underscoring my point with some truly grim figures.

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Lenders must address repurchase risk before they go bust

Housing Wire

While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination.

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Nexus Origination features a native mobile experience for originators and borrowers

Housing Wire

Originators can even order credit, run pricing, send pre-approvals, sign disclosures, and execute closings all on the go with full integration with their loan origination system (LOS). Technology is evolving, and borrowers expect more. An assigned project manager assists clients through their implementation.

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5 best Arizona real estate schools for 2024

Housing Wire

We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. Course Options See Details Pricing AceableAgent’s prelicensing classes are ADRE-approved 90-hour real estate courses.

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6 best real estate schools in Washington (WA) for 2024

Housing Wire

Starting from: $ 235 Visit OnlineEd Also Popular Kaplan Real Estate Education Best for career mentorship Pre-recorded video content led by experienced industry leaders. RealEstateU’s state- and ARELLO-approved courses have helped more than 225,000 graduates get licensed since 2013. Easy access to instructors to ask for help.

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Referrals are out, online searches are in: What agents need to know

Housing Wire

How do you stand out in a crowded digital space while leveraging technology to attract and serve clients more effectively? In addition to finding agents online, Zillows report indicates that 65% of pre-approved buyers used real estate websites or apps to explore financing options. So, whats driving this shift? The good news?

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