When working with borrowers, you must first determine if your borrower is eligible for a mortgage. Doing so may require extra research to identify whether your borrower is a legal U.S. resident, or if they were born outside of the U.S. If they are the latter, then there are factors that impact how a person’s […]
A version of this post originally appeared on MortgageOrb. With the hope of a busy spring homebuying season, mortgage lenders are getting ready for new business. While the market still poses a challenge for hopeful buyers, the key to success for lenders will be establishing and building relationships. Rates and inventory are beyond anyone’s control […]
Whether you’re the fastest or the most thorough, we’re all human… and mistakes can be made. That said, we’ve noticed some trending errors that may have surfaced from the challenging market many of us in the industry are facing. Eligibility requirements are more difficult to meet, and a smaller market might be impacting motivation for […]
A borrower wants to upgrade, update, add, or change their home, but what should they do to get a loan for this effort? Construction loans might be the first thing that come to mind… Sometimes homeowners may say they need a construction loan when they want to build an addition, such as adding a bathroom […]
[This 3-part series explores the 6 Steps to Creating a Successful Borrower Pipeline, Enact’s latest LO eBook. In today’s blog post, we’re giving you a list of great resources you can leverage and ways to implement all of the steps we’ve detailed to help you execute your action plan. Want the full eBook and to […]
[This 3-part series explores the 6 Steps to Creating a Successful Borrower Pipeline, Enact’s latest LO eBook. In today’s blog post, we’re detailing what you can do to determine and leverage your value prop using marketing tactics we’ve outlined below. Want the full eBook and to get a competitive edge in today’s market? Download the […]
Every borrower’s financial situation is different. So, at Enact, we offer a variety of MI premium payment plans to help you find an option that is best for your borrower. It’s important to get to know the many different MI premium options available to your borrowers. In this post, we’re highlighting Single Premium Borrower-Paid Mortgage […]
[This 3-part blog series explores the 6 Steps to Creating a Successful Borrower Pipeline, Enact’s latest LO eBook. In today’s blog post, we’re covering the importance of knowing yourself and your target audience. Want the full eBook and to get a competitive edge in today’s market? Download the eBook today!] To every puzzle, there’s a […]
Mental math can be hard and GSE guidelines can be confusing, but it doesn’t have to be this way. We’ve got income calculation tools and tips to help you prevent calculation errors that can be costly and time consuming to fix. Our Income Calculation Tools page houses a collection of downloadable calculators and reference guides […]
We strive to help lenders bring the dream of homeownership to more people – that’s why it’s important for those of us in the industry, especially underwriters, to help educate on all parts of the mortgage loan process. Gift funds, in particular, are a subject that may sometimes need clarification: let’s jump in. As you […]