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AI & Lending

Your Questions About Mortgage Closer Training Answered

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.

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Your Refresher Guide to Loan Estimates

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!

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The Secondary Mortgage Market: 10 Common Questions Answered

The mortgage industry is a bit like a game of hot potato. Most newly originated mortgages are quickly sold by lenders on the secondary mortgage market. Running parallel to the primary mortgage market, this secondary marketplace allows investors and lenders to buy and sell home loans and servicing rights. Lenders embrace it because it allows them to bulk up loan revenue.

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A Guide to Mortgage Investment Corporations (vs Private Lenders)

The difference between mortgage investment corporations and private lenders comes down to bulk loan investments versus single loan investments. When choosing a corporation, the result is a diversified investment with guaranteed dividends. In this article, we'll cover why there's opportunity in numbers with mortgage lending for those seeking innovation during uncertain financial times.

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AI and Mortgage Processing - The Perfect Combo for Lenders?

The FinTech industry is experiencing significant growth in the use of Artificial Intelligence (AI). While AI and Machine Learning (ML) are already quite popular in banking, credit card and auto loan niches, the mortgage industry has just started reaping its benefits. In the next couple of years, particularly after the Covid-19 pandemic, we will experience an overwhelming presence of AI-based automation in likely every aspect of mortgage processing. In fact, it will become a common practice very soon.

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