Accelerate key steps in the mortgage process by freeing up valuable time and energy spent on traditionally manual tasks and activities. Manufacture, acquire and service loans up to 80% faster and significantly reduce risk.
In the race to capture the mortgage customer, student lenders have a head start. But what if you didn't originate the student loan? Are you locked out of that long-term opportunity?
Liars will go to great lengths to deny wrongdoing. So what do you do when someone claims innocence, yet your suspicions remain? That's what one Freddie Mac Single-Family Fraud Risk (SFFR) investigator experienced in a case in which the denials were so convincing, the perpetrator got away with the crime. But not for long. Read the summary report to find out more.
Mortgage rates have increased from 3% in early 2022 to more than 7% in November 2023, more than doubling in the past year. As rates rise, the pool of homebuyers who would qualify for the current average loan decreases notably. But at what point do higher rates become too high for consumers? Learn more from a recent Freddie Mac analysis.
When ServiceLink asked borrowers to name the biggest benefit of technology in the homebuying process, 72% said convenience and ease-of-use. Borrowers are also happy to self-service and interact digitally. And as Millennials and Gen Z enter their homebuying years, technology becomes even more important.
For today and tomorrow's borrowers, the traditional mortgage experience falls far short of expectations. There are multiple documents to sign—some in-person—and lots of waiting. And waiting. And borrowers often have no idea where their application is in the lender's pipeline or if they'll have to fulfill any last-minute requests.
It has been widely reported that the housing market is in a recession. Though prices remain high, sales of existing homes were down 30% as of August 2022, as were sales of new homes. Historically, housing declines are harbingers for recessions, but is a recession imminent this time?
