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In the complex world of mortgage lending, quality control (QC) services play a vital role in ensuring compliance, mitigating risks, and ultimately, fostering success. Learn more in this month's blog! https://lnkd.in/gBi6y4PH

The art of mortgage lending goes beyond data and automation. Discover the pivotal role of human insight, empathy, and judgement in understanding borrowers' stories and fostering lasting client relationships. Read more #ETInsights #MortgageLending #HumanTouch #EmpathyInFinance #Finance Himanshu Panchmatiya

Fintech lenders and borrowers screening: superior abilities or lax practices? - ScienceDirect: Fintech mortgage lenders specialize in the mortgage refinancing market. Abstract. Fintech lenders target borrowers that commercial banks deem too ...

Once every four years, we get an extra “leap” day on the calendar. Not bad. But with Argyle's innovative income and employment verification platform, #mortgage lenders get an extra 5-7 days per loan in reduced processing time, resulting in higher borrower pull-through and reduced costs. If jumping through time was a competition, Argyle would clearly be winning. Learn more about how Argyle saves time and money and provides clarity across your mortgage operation: https://hubs.la/Q02mHsd_0 #fintech #banking

In an age where more and more people in Australia have complex financial situations, a one-size-fits all approach to lending is truly outdated⌛️ Tonight's ABC News reported on MFAA (peak body Mortgage & Finance Association of Australia) data finding 73.7 per cent of all new homes were written by mortgage brokers – up from 55 per cent in 2019. A bank or lender offers a price, a policy and maybe a handful of different products. At Chatham House, we work across a breadth of more than 30 trusted lenders, each with multiple products and bespoke offerings. And – as MFAA CEO Anja Pannek explains – we don't just get customers finance. We listen to what the customer needs, offer a simple explanation on how everything works and align this to a lender that will meet their requirements. This is an attempt to educate and equip customers with the financial literacy to understand the complex climate and make good decisions for themselves. And aside from caring and wanting to help people get on in life, we have a vested interest in a solution being the right fit for a client. If they refinance or sell the security used for the loan in the two years that follow settlement, the lender can clawback commission from brokers. Thus, ensuring we have aligned their best interests when recommending a product with a lender who is at the forefront of this industry. There's no doubt that using a broker is a better option for those who desire choice – whether straight-forward or complex, employed, self-employed, married, single, with SMSFs, investment properties, commercial equipment and business assets, or not. The interest rate hikes over the last couple of years have left the consumer with little choice but to look for a better deal on loans as a solution to crippling repayments. We are policy driven, which means it's not about the cheapest loan. It's about the holistic loan scenario that best works for the customer in the now and the future, knowing it will serve them, their families and their businesses in the best way to set up for success and get on with life.

It's here! The FFIEC has published the 2023 HMDA mortgage lending aggregate data for 5,113 HMDA reporters. Dive in now to see how your bank measures up to your market competitors. https://lnkd.in/dGPxG_xt #HMDA #CRA #fairlending #compliance #banking #mortgage

Ever wonder why your online credit score is different from the FICO score banks use? The three major credit bureaus compile your borrowing habits, creating a report and score that banks rely on for lending decisions. Those online score-checking sites might not give the full picture! Don't be fooled! If it's not a "FICO" score, it might not count with most lenders. Call today for more info and ensure you're getting the credit score that matters! #CreditScore #FICO #Homeownership #peoplesmortgage #allaboutthepeople

Here's why regional banks have so much commercial real estate exposure - WRAL.com Fitch also found that “as certain lending products, like residential mortgage or credit cards, have moved to scale players, smaller banks are left ... Read more on the link below. #RealEstate #Mortgage #News

Federal banking regulators have unveiled major regulatory changes that will increase the cost of mortgage financing and further drive mortgage origination from highly regulated banks to less regulated lenders. The latest ABA Viewpoint examines recent trends in mortgage origination and summarizes the regulatory proposals that could have a severe negative impact, individually and cumulatively, on housing affordability and financial stability more generally. https://lnkd.in/g-aUymF6

Ever wonder why your online credit score is different from the FICO score banks use? The three major credit bureaus compile your borrowing habits, creating a report and score that banks rely on for lending decisions. Those online score-checking sites might not give the full picture! Don't be fooled! If it's not a "FICO" score, it might not count with most lenders. Call today for more info and ensure you're getting the credit score that matters! #CreditScore #FICO #Homeownership #peoplesmortgage #allaboutthepeople