Although the latter part of 2023 has seen an increase in fraud risk on mortgage applications, the rate is on a downward trend compared to a year earlier. This development aligns with the findings from our previous Mphasis Digital Risk survey. Read the article for more. https://mphs.co/mfr #mortgage #industryinsights #MphasisDigitalRisk #EngineeringIsInOurDNA
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Jeff Taylor, Founder & Managing Director at Mphasis Digital Risk, anticipates that the mortgage rates will be affected by the volatility of the election year. In this USA TODAY article, he provides insights on the projected mortgage rates for 2024 and discusses their impact on affordability: mphs.co/HousingM #Mortgage #MphasisDigitalRisk #StayAhead #EngineeringIsInOurDNA
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In this recent Buy Side article from The Wall Street Journal, Jeff Taylor, Founder & Managing Director, Mphasis Digital Risk, was quoted on the current surge in interest for mortgages due to the significant decline in mortgage rates. Read the article to learn more: mphs.co/byside #MphasisDigitalRisk #StayAhead #EngineeringIsInOurDNA
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It’s what you don’t know that can hurt you… Mortgage fraud happens more often than we think. Certified Credit can deliver insights into what you need to spot and prevent fraud before it's too late. Take control of your fraud mitigation process with the help of our industry-leading solutions and decades of expertise. Learn more about how to prevent fraud from the earliest stages with the strongest data available in mortgage lending: https://bit.ly/3G7LnoP #Mortgage #MortgageFraud #MortgageLending #TakeControl
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Jeff Taylor, Founder & Managing Director of Mphasis Digital Risk, explains implications of dropping mortgage rates for homeowners, buyers, and the market in this Buy Side article from The Wall Street Journal. Read now: mphs.co/WSJ #MphasisDigitalRisk #StayAhead #EngineeringIsInOurDNA
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🚀 Looking to minimize #loanorigination risks and enhance #qualitycontrol? Our QA solution acts as an extra set of 👀 for your team, slashing costs and supporting back-office operations. 🛡️ Stay protected from risks, flaws, and fraud - we've got your back! Contact us now to kickstart Quality Control powered by Trelix. 💼 #mortgage #mortgageprofessionals #mortgageindustry #creditreporting #QAautomation #riskmanagement #backofficeboost #fraudprotection
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There are signs that the US housing market conditions will improve this year. Jeff Taylor, Founder & Managing Director at Mphasis Digital Risk, shares his views on the real estate outlook for 2024 in this USA TODAY article: mphs.co/HousingMarket #Mortgage #MphasisDigitalRisk #StayAhead #EngineeringIsInOurDNA
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ACES Q1 2023 Mortgage QC Trends Report Finds Critical Defect Rate Declines for Second Consecutive Quarter: There are several key areas of concern that will require vigilance to ensure defects continue heading southward. Notable findings include: -The overall critical defect rate declined 3.26% ending the quarter at 1.78%. -Income/Employment remained the leading defect category Legal / Regulatory / Compliance. -FHA defect share declined after two consecutive quarters of increase. -Appraisal defects increased. VIEW REPORT: https://bit.ly/3rswqKb #mortgageqctrendsreport #mortgageqc #mortgagequalitycontrol #acequalitymanagement #mortgageqctrends
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ACES Q1 2023 Mortgage QC Trends Report Finds Critical Defect Rate Declines for Second Consecutive Quarter: There are several key areas of concern that will require vigilance to ensure defects continue heading southward. Notable findings include: -The overall critical defect rate declined 3.26% ending the quarter at 1.78%. -Income/Employment remained the leading defect category Legal / Regulatory / Compliance. -FHA defect share declined after two consecutive quarters of increase. -Appraisal defects increased. VIEW REPORT: https://bit.ly/3EOrDGk #mortgageqctrendsreport #mortgageqc #mortgagequalitycontrol #acequalitymanagement #mortgageqctrends
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In this insightful Yahoo Finance interview, Jeff Taylor, Founder and Managing Director of Mphasis Digital Risk, discussed home builder sentiment and their efforts to tailor mortgage solutions to enhance housing affordability. Learn more about the U.S. housing market in this interview: https://mphs.co/YF #MphasisDigitalRisk #StayAhead #EngineeringIsInOurDNA
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Case Study: Last-Minute Mortgage Deal by Muhesh Saini (CeMap) Background: Client contacted me at 10:00am on Monday urgently sought a mortgage review, but the bank's earliest appointment was the following week, making it challenging due to time constraints. Client Situation: Facing an expiring mortgage deal with unawareness of an imminent interest rate hike. Intervention: Swiftly processed all necessary information, submitted the application 5 minutes before the deadline. Outcome: Secured a new deal, saving the client £70 monthly for the next 2 years. Conclusion: Case closed by 7:55 pm on Monday, with a protection review scheduled for added security. Client Satisfaction: Clients were pleased with the quick resolution and transparency, especially regarding undisclosed rate increases by the bank. This case highlights the importance of proactive financial management in volatile markets.
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