Ocrolus’ Post

Decline in Mortgage Lending Volume: 6.7% drop in Q1 2024! What does it mean for you? Interest rates, affordability issues, and market consolidation are reshaping the landscape. But amidst the change, there's opportunity. Automation, cost-saving measures, and a stellar borrower experience can set lenders apart. Stay informed and connected at upcoming industry conferences. How are you navigating these shifts? Share your thoughts! Join us at the #MBA2024 and #FiveStarConference and stay ahead of the curve 🏡 #MortgageLending #HomeLoans #IndustryTrends #HousingMarket #LendingInnovations #RealEstate #BorrowerExperience #FutureOfLending #CostSavings #MarketShare

Let’s talk AI and the mortgage industry: how does your mortgage business keep up with the technology? At this point, if you’re not at least investigating how to use AI for your business, you may be falling behind. Though it is an intimidating topic, it’s necessary to keep on innovating in this space! We’ve got the providers that can help you answer some of these key #AI questions. Let us help you build strong, strategic connections that drive growth in the mortgage industry by texting SL3 to 972-970-0753 or visiting https://lnkd.in/dxygvpdV - #banks #mortgagebankers #digitalbanking #mortgages #mortgagelending #bankers #bankingindustry #mortgage #mortgageindustry

#FACTS Changes in economic conditions like job stability, inflation, and fluctuations in interest rates can influence borrowers' eligibility for mortgages and their capacity to manage monthly payments. Economic unpredictability poses challenges for borrowers and lenders alike, making it difficult to forecast market trends and mitigate risks. Successfully navigating the mortgage industry demands meticulous planning, meticulous attention to detail, and the capacity to adjust to evolving market dynamics and regulatory standards. By proactively tackling these challenges, both borrowers and mortgage professionals can navigate the mortgage journey with greater efficiency and achieve positive results.

The Mortgage Bankers Association's 2023 Annual Production Report showed what the lending industry knows and has felt: Production volume was down 60% from 2021. Costs were also up: IMBs and bank mortgage subsidiaries lost an average of $1056/per loan last year, that's $755 more than 2022. It will take strategy and commitment to forge ahead as we wait for the Fed to cut rates. InGenius data can give you the insight you need! You can check out these strategies for #loanofficer recruiting in this market era here: https://lnkd.in/gdc4wHSh

In a tough market, it helps to know how you stack up against your peers. InGenius data can show you how you're doing and help you get where you'd like to go! #actionableintelligence #growthmultiplier

Lock advice at a glance! Current position: Cautiously float! REPRICE RISK: Low “There is nothing scheduled for today that is expected to affect mortgage rates. The rest of the week has six monthly economic reports and a handful of Fed member speeches set. Three of the economic reports are considered to be highly important and have the potential to cause large moves in mortgage pricing.” (want the full daily report, just email me the request) Looking to see what rate & Program best fit your needs? To schedule appointment and to provide me with basic information, click the link https://lnkd.in/gRRVFXAA Loan Level Price Adjustment Reminder: all lenders have already implemented the LLPA price adjustments, which are not favorable for most loans and will raise consumer rates. You can see the new LLPAs here: https://lnkd.in/egNtCHNW #azmortgagaebroker #peoriaazrealestate #phoenixarizona #arizonamortgages #glendaleaz #barrettfinancial #firsttimehomebuyer #azhomeloans #JeffPickeirng #pickeringgroup #AZBroker #MortgageRates #HomePurchase #Refi #purchaseahome

Arrears are rising across different lending products in the UK! Mortgage arrears jumped by 9.2% in the final quarter of 2023 and by 50% on the previous year, according to Bank of England figures that underscore growing stress in the UK mortgage market. As a lender, it is important perhaps more than ever to proactively work with the customers most likely to get in arrears and help achieve best outcomes. Zinia AI's optimal forbearance option module provides best in class technology to both identify the vulnerable customers at the earliest and then provide them with the optimal forbearance option, reducing defaults and high servicing costs. Reach out to us at info@zinia.ai for more information #financialservices #mortgage #arrears #ai #ml

Banks often offer lower mortgage rates to attract new customers, but current clients pay approximately 20 basis points more. This study reveals how digitalization and regulations reduce this rate gap, yet banks use new strategies like product differentiation to maintain price discrimination. Full article: https://lnkd.in/di2aYcqr #Economy #Finance #Digitalization #Mortage

Reasonably quiet week. Mortgage purchase apps up. Jobless claims up for both initial and continuing claims. 4th Qtr GDP, 1st reading hotter than expectations. PCE was the biggest news, but relatively mild reaction today to those numbers. Very interesting numbers on spending, income and savings (IMO). Lastly, strong numbers for December pending home sales. Apply @ www.LoriGLoans.com #MortgageBroker #lending #FTHB #FirstTimeHomeBuyer #ConventionalLoans #FHALoans #VALoans #JumboLoans #NonQMLoans #DPA #DownPaymentAssitance #AffordableHousing #DenverRealEstate #HomesInColorado #Refinacing #SecondHomes #InvestmentProperites #Condos #ColoradoRealEstate #FICOscores #LoriGLoans #Findamortgagebroker #borrowersmart #MortgageAdvisor

There's a new fixed-rate mortgage available now with rates under 4%! If you're considering diving into the property market this year or thinking about refinancing your current mortgage, Wizhull is here to assist! *Eligibility and conditions based on individual circumstances. #homeloan #banking #mortgagerates #wizhull #lowinterest