[This 4-part series features a deep dive into each of Enact’s FTHB topics. We have other topics in a previous series that details the benefits of MI, terms and people your borrowers should know, and affordability and budget worksheets. Be sure to check out the Help for FTHBs Hub for these flier resources!] Your potential […]
[Updated August 2, 2024] More families are looking to move up, move out of apartment living, and relocate. And the demand for Construction-to-Permanent loans (aka C2P) continues, even in today’s rising interest rate environment. As a result, you may be seeing more C2P loans coming through your office. At Enact, we’ve made a couple of […]
Purchasing a home can be an exciting, but daunting process for your borrowers and each one brings something different to the table. We align with Freddie Mac and Fannie Mae’s 97% loan programs by insuring 97 LTV loans and protecting you and your borrower. If your borrower requires PMI for their loan, we at Enact […]
A version of this post originally appeared on MortgageOrb. It’s safe to say that nearly every business today is using data to help make decisions. In this digital age, organizations have access to an abundance of data points that they can put to use. The question is no longer “Should we use it?” but “How […]
[Updated August 2, 2024] So, your borrowers have decided to build their home or pursue owning a newly constructed home. When working with your customers during this process, you’ll need to first familiarize yourself with the basics of Construction-to-Permanent (C2P) loans. If your borrower requires PMI for their loan, we at Enact have specific guidelines […]
Some borrowers have had to pay upfront credit fees, also known as delivery fees, since the days of the financial crisis in 2008… However, the FHFA has recently announced a change, and the fees will now be waived if certain criteria are met. But what could that mean for lenders, loan officers, and even borrowers […]
A version of this post originally appeared on MortgageOrb. Although it’s nowhere near as prevalent as it once was, mortgage fraud continues to persist in a small fraction of loan documents. What’s more, mortgage fraud seems to ebb and flow almost predictably based on market cycles. For example, the risk of fraud increases in a […]
In an effort to enact a more diverse, equitable and inclusive workplace and products + services offering, we’ve expanded our Nontraditional Credit (NTC) Guidelines to help you put more people in homes. Becoming a homeowner is a dream come true for many; however, obstacles in affordability, especially for minority consumers, can be rough speed bumps […]
This blog post comes from Ben DiMeo, Enact’s Senior Sales Consultant. He spends his time helping customers solve business problems by maximizing efficiencies, improving quality, and enhancing the customer experience. Data driven decisions. We believe in collecting a wealth of data to make the most informed and relevant business decisions, but the processes put in […]
This blog post comes from Ben DiMeo, Enact’s Senior Sales Consultant. He spends his time helping customers solve business problems by maximizing efficiencies, improving quality, and enhancing the customer experience. With the current conditions of the mortgage industry and housing market, it’s not a wonder that more people are experiencing difficulties in optimizing their loan […]