Are you searching for a streamlined solution to manage your mortgage applications? FundMore offers a comprehensive Loan Origination System (LOS) designed to simplify and enhance your mortgage processing. This guide will walk you through the key features and functionalities of FundMore, helping you determine if it’s the perfect fit for your needs.
In today's fast-paced mortgage industry, efficiency is key. Underwriters are constantly challenged to process a high volume of applications accurately and quickly. FundMore is designed to help lenders do just that by streamlining the mortgage process and improving productivity. Here are five ways FundMore empowers underwriters to process more files effectively:
The early-autumn dip in mortgage rates presented a fleeting but lucrative opportunity for lenders and borrowers alike. More than 300,000 refinances were completed in September and October of 2024—the highest volume in two and a half years, reports ICE Mortgage Monitor. Borrowers rushed to capitalize on interest rates in the low 6% range, cutting their monthly payments by an average of $320 and generating a collective $47 million in monthly savings. Amid this refinancing boom, one clear takeaway emerged: lenders equipped with advanced technology platforms outperformed their competitors by processing loans faster and retaining more borrowers.
Mortgage closer training is a form of continuing education designed to prepare individuals to accurately and efficiently close mortgage loans. This type of training typically covers topics such as loan documents, closing procedures, title insurance, escrow accounts, and other topics related to the mortgage closing process. It is typically offered by mortgage lenders, title companies, and other organizations that specialize in the mortgage industry.
A home loan estimate is full of moving parts controlled by the applicant, the service provider, and the lending institution. Let's not forget that the Consumer Financial Protection Bureau (CFPB) also plays a big role. While it's impossible to cover every detail that goes into creating a loan estimate, it's important for every loan officer to grasp the gravity and importance of this document. Here's a refresher guide to loan estimates that will make it all click for you!