Entries by Enact

Ask an RU: Borrower Minimum Contribution Basics

As an underwriter, it can seem as though there are many important things to ensure you meet guidelines in a mortgage loan file. From verifying sufficient income to having an acceptable appraisal, there are many details to look after. One such detail is the borrower’s minimum contribution. While this might seem like a basic guideline […]

Reflecting on the Past and Looking to the Future with National Homeownership Month

June is National Homeownership Month, a time to celebrate the benefits that homeownership brings to families, neighborhoods, and communities across America. What is National Homeownership Month? National Homeownership Month has gone through many iterations to get to where it is today. 1920’s: The concept for celebrating homeownership begins as a week-long celebration thanks to local […]

[New Loan Officer Series] How to Get Referrals

We’ve talked about how important referrals are and how thinking like a spider can help you tap into a variety of groups for consistent, fresh referrals. Thinking like a spider is your main concept for setting up your referral network, but what about actually asking for referrals? That’s what we’ll cover in this post. Why […]

Ask an RU: Contingent Liability Basics

You’re reviewing the loan file and notice a line item under liabilities that indicate John and Jane Smith are co-signers on their son’s car loan. What you’ve just uncovered is a contingent liability. No need to raise the alarm or stop the file – there are just a few things to know about contingent liabilities […]

How to Create Engaging Video Content for Social Media

A version of this post originally appeared in the October edition of Mortgage Orb.  Perhaps you’ve heard people in the mortgage industry talk about how the pandemic caused a digital acceleration for the industry. We were suddenly shut off from one another and had to find ways to communicate and do business not only with […]