SEATTLE and CHICAGO, March 19, 2019 /PRNewswire/ — Washington Federal, a national bank in operation for more than 100 years, and MortgageHippo, creators of the leading borrower-centric digital.
We unite loan officers, borrowers, and Realtor partners into a single platform to deliver a complete digital mortgage strategy with proven results. See the ROI "It’s the best mortgage tools with ease of use I have encountered in all my years in the mortgage business.
Americans kept borrowing in first quarter as new mortgages eased Americans Kept Borrowing in First Quarter as New Mortgages Eased (Bloomberg, 5/14/19) Total U.S. household debt rose by 0.9% from the prior quarter to $13.67 Tn. Credit Card Borrowing Increases and Americans Are Slower to Pay Them Off (Bloomberg, 5/14/19) DQ rates have increased on credit cards for younger borrowers.
"Homeowners love mortgage insurance! Well, maybe not so much. But PMI does allow Americans to get into a home without a big down payment. The days of PMI rates being the same from lender to lender are over. Going to the wrong lender can cost a borrower thousands over the life of the loan.
A report on digital mortgage trends and borrower preferences. Ellie Mae’s new eBook shares insights from over 500 mortgage borrowers about how they use technology for purchase and refinance loans. Get an in-depth look at our key findings, including: Growth trends in online loan activity ; The significance of online research
Nearly everything about the industry’s prized digital mortgage is streamlined expect for the final, and one of the most important, steps at the end. The entire online process comes to an abrupt.
What do borrowers really want from their digital mortgage process? An expert makes a case for why technology isn’t the only aspect of providing a great digital lending experience.
TROY, Mich., Feb. 19, 2018 /PRNewswire/ — United Wholesale Mortgage (UWM) has expanded the reach of its virtual e-closing capabilities, as borrowers in 16 states can now enjoy the industry’s first.
This starts with industry education around the benefits of the digital mortgage and how it’s beginning to drive safer, more transparent, more efficient home lending. Taking the Process from Dated to Digital. Paperwork has long dominated the mortgage experience, with loan files easily exceeding 500 pages. To successfully apply for a loan, borrowers must track down years of financial records, often across multiple employers, and make numerous in-person trips to their lender’s offices in.
We are a digital mortgage solution provider, enabling lenders to originate and process loans from anywhere. SimpleNexus connects loan officers to their borrowers and realtors to easily communicate and exchange data in a single location throughout the entire loan life cycle.
Median home affordability an issue in nearly 70% of markets Since the housing market crash, home prices have regained the value lost – and then some. Through the first quarter of 2019, home prices have risen by nearly 70% since the post-recession low.Record issuance of non-QM securities in the first quarter In the quarter, we continued to build on our positions in these loans. We acquired $460 million in target assets, including $370 million in Residential and Commercial Whole-Loans through Western’s robust relationships with high quality originators. This quarter’s Whole-Loan purchase pace was nearly double that of the first quarter of 2018.
The mortgage process is getting more and more digital. In fact, according to a new study, a whopping 92 percent of recent mortgage borrowers did online research before even speaking to a lender.