FICO’s Post

As we step into 2024, brokers will continue to play a critical role brokers in navigating the financial landscape. Here are some insights from our CEO John Flavell's recent interview with The Adviser Magazine. KEY TAKEAWAYS: Now more than ever, brokers are going to need to work very closely with all existing clients and new customers as the full effects of the RBA rate hikes take hold. Whether the cash rate has peaked or not, the impact of the rate hikes to date have yet to fully materialise for borrowers. Many people have eaten through their savings and are now finding themselves in a tight situation in terms of meeting all of their commitments on an ongoing basis. Looking ahead, our vision for 2024 is expansive! WAVE MONEY is dedicated to being the non-bank lender of choice for mortgage brokers, fostering strong relationships, and delivering unparalleled service. The environment is going to be pretty tricky for a lot of borrowers and brokers with the cash rate sitting high and possibly going higher. Having a lender partner than enables brokers to pick up the phone and have a discussion with the people that make the credit decisions is going to be even more important than it was previously. We are building a fantastic team of competent, capable, and experienced people that understand mortgage lending and are passionate about helping brokers to deliver more solutions for their clients in an environment that’s increasingly challenging. Thanks to Annie Kane, Adrian Suljanovic and the team at The Adviser Magazine for sharing our story. #WaveMoney #BrokerPartnerships #FinancialInsights #MortgageLending

As we step into 2024, brokers will continue to play a critical role brokers in navigating the financial landscape. Here are some insights from our CEO John Flavell's recent interview with The Adviser Magazine. KEY TAKEAWAYS: Now more than ever, brokers are going to need to work very closely with all existing clients and new customers as the full effects of the RBA rate hikes take hold. Whether the cash rate has peaked or not, the impact of the rate hikes to date have yet to fully materialise for borrowers. Many people have eaten through their savings and are now finding themselves in a tight situation in terms of meeting all of their commitments on an ongoing basis. Looking ahead, our vision for 2024 is expansive! WAVE MONEY is dedicated to being the non-bank lender of choice for mortgage brokers, fostering strong relationships, and delivering unparalleled service. The environment is going to be pretty tricky for a lot of borrowers and brokers with the cash rate sitting high and possibly going higher. Having a lender partner than enables brokers to pick up the phone and have a discussion with the people that make the credit decisions is going to be even more important than it was previously. We are building a fantastic team of competent, capable, and experienced people that understand mortgage lending and are passionate about helping brokers to deliver more solutions for their clients in an environment that’s increasingly challenging. Thanks to Annie Kane, Adrian Suljanovic and the team at The Adviser Magazine for sharing our story. #WaveMoney #BrokerPartnerships #FinancialInsights #MortgageLending

Polly Integrates With nCino, Inc.'s Mortgage Suite to Streamline Pricing and Enable Better Loan Officer Mobility "We are seeing the importance of relationships compounded in today's market, and this integration creates a substantial benefit for mortgage lenders, loan officers, and borrowers alike," added Parvesh Sahi, Chief Revenue Officer at Polly. "Together, Polly and nCino remain on the forefront of innovation and are focused on streamlining the lender and LO experience and producing massive efficiency gains with state-of-the-art technology. I am confident that this integration will create demonstrable value across the full spectrum of mortgage industry participants." https://lnkd.in/dvsR5Ymq Ben Miller #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

🎙️ Tune in to "Stewart In The Studio - Episode 2" as Shawn Jobe, CMSP, discusses key insights from the recent MISMO Summit. 🌟 Learn about the importance of MISMO in standardizing mortgage banking practices and fostering collaboration across the industry. 💼 And dive into discussions about the credit space, industry implementation updates and how Informative Research is helping lenders navigate credit cost increases with innovative solutions. 🏠💳 Don't miss out on this informative conversation! Listen now: https://hubs.la/Q02lgwcc0 #simplifyyoursuccess #mortgageindustry #mortgagetechnology #mortgagelending #mortgageservicing #mortgagelender #mortgage #loanservicing #MISMO #CreditSpace #InnovativeSolutions 📈🔍

According to figures from the Irish League of Credit Unions (ILCU), lending in Irish credit unions increased by almost 14% in the past year, driven by a significant rise in mortgage lending: https://lnkd.in/e84yQCY2   Has your credit union considered digital methods to engage with your members about their mortgage opportunities? As financial institutions adapt to the digital age, one area that presents significant opportunities for digitisation is the traditional mortgage journey. Embracing this digital evolution not only promises increased operational efficiency but also unlocks the potential for enhanced customer communication and improved decision-making.   In the following article from CustomerMinds, we look at the below listed five key ways that financial institutions can digitise their mortgage journeys, exploring the benefits that this transformation can bring to both lenders and borrowers alike: https://lnkd.in/eShfmeTj   1. Digitise Income and Expenditure 2. Digital Document Request and Upload 3. Digital Welcome Journeys 4. Digitise Remediation Process 5. Digitise Arrears and Collections Process   Get in touch with me on LinkedIn or go to our website to learn more about how we can help you grow your loan book.   #DigitalTransformation #MemberEngagement #CustomerExperience #creditunions #finance #banking #Which50 #CustomerMinds #Digital #communications #automation #ForYouNotForProfit #mortgage #loans

As we step into 2024, brokers will continue to play a critical role brokers in navigating the financial landscape. Here are some insights from our CEO John Flavell's recent interview with The Adviser Magazine. KEY TAKEAWAYS: Now more than ever, brokers are going to need to work very closely with all existing clients and new customers as the full effects of the RBA rate hikes take hold. Whether the cash rate has peaked or not, the impact of the rate hikes to date have yet to fully materialise for borrowers. Many people have eaten through their savings and are now finding themselves in a tight situation in terms of meeting all of their commitments on an ongoing basis. Looking ahead, our vision for 2024 is expansive! WAVE MONEY is dedicated to being the non-bank lender of choice for mortgage brokers, fostering strong relationships, and delivering unparalleled service. The environment is going to be pretty tricky for a lot of borrowers and brokers with the cash rate sitting high and possibly going higher. Having a lender partner than enables brokers to pick up the phone and have a discussion with the people that make the credit decisions is going to be even more important than it was previously. We are building a fantastic team of competent, capable, and experienced people that understand mortgage lending and are passionate about helping brokers to deliver more solutions for their clients in an environment that’s increasingly challenging. Thanks to Annie Kane, Adrian Suljanovic and the team at The Adviser Magazine for sharing our story. #WaveMoney #BrokerPartnerships #FinancialInsights #MortgageLending

To succeed in today's competitive economy, financial institutions (FIs) need to focus on providing tailored offers for the products and services consumers require at the right moment. It's crucial for banks and credit unions to break down data silos to avoid missed cross-selling chances. Learn more about the importance of integrating consumer and mortgage lending data here: https://lnkd.in/gwwSf8xM

🎙️ Tune in to "Stewart In The Studio - Episode 2" as Shawn Jobe discusses key insights from the recent MISMO Summit. 🌟 Learn about the importance of MISMO in standardizing mortgage banking practices and fostering collaboration across the industry. 💼 And dive into discussions about the credit space, industry implementation updates and how Informative Research is helping lenders navigate credit cost increases with innovative solutions. 🏠💳 Don't miss out on this informative conversation! Listen now: https://hubs.la/Q02lgsHJ0 #simplifyyoursuccess #mortgageindustry #mortgagetechnology #mortgagelending #mortgageservicing #mortgagelender #mortgage #loanservicing #MISMO #CreditSpace #InnovativeSolutions 📈🔍

🎙️ Tune in to "Stewart In The Studio - Episode 2" as Shawn Jobe discusses key insights from the recent MISMO Summit. 🌟 Learn about the importance of MISMO in standardizing mortgage banking practices and fostering collaboration across the industry. 💼 And dive into discussions about the credit space, industry implementation updates and how Informative Research is helping lenders navigate credit cost increases with innovative solutions. 🏠💳 Don't miss out on this informative conversation! Listen now: https://hubs.la/Q02lgsHG0 #simplifyyoursuccess #mortgageindustry #mortgagetechnology #mortgagelending #mortgageservicing #mortgagelender #mortgage #loanservicing #MISMO #CreditSpace #InnovativeSolutions 📈🔍

Help your self-employed clients overcome income verification challenges with NewPoint Mortgage's Bank Statement Mortgage Program. This specialized lending solution is designed to accurately evaluate their true business income, offering a practical alternative to traditional income verification methods. 📈 🔑 Program Features: Accessible loans up to an impressive $3,000,000. Qualification criteria using 12 or 24 months of personal or business bank statements. Ideal for self-employed individuals, with minimal ownership requirements - just 25% for personal and 50% for business bank statements. A variety of loan terms available, including a stable 30-year fixed and a flexible 10-year Interest Only. Also suitable for financing non-warrantable condos. Transform the way your clients approach mortgage solutions with our Bank Statement Mortgage Program. It’s time to embrace a lending solution that understands and adapts to the unique financial landscapes of entrepreneurs. Let's partner to bring these innovative mortgage options to your self-employed clientele. https://lnkd.in/g4BbkAMs #NewPointMortgage #BankStatementMortgage #GroundbreakingLending #MortgageInnovations #EmpoweringSelfEmployed