Blog - The Source
Using Data To Optimize CWCOT Outcomes
September 6, 2023
In 2016, nearly one in five newly originated loans were Federal Housing Administration (FHA) loans. Although these loans led to an increase in home sales, they also comprised more than 34 percent of loans that were delinquent over 30 days, or nearly 8 million in outstanding FHA loans.
Mortgage Fraud is on the Rise
September 6, 2023
Mortgage fraud is not a new problem, but there are strong indications it is on the rise. Incidents of mortgage fraud have steadily increased since 2010, and an estimated one in every 109 mortgage applications had fraud indications during…
Unlocking Blockchain in Real Estate
September 6, 2023
The real estate industry also stands to benefit from the “normalization” of blockchain. In fact, uses of blockchain in legally binding real estate transactions include the recording of lease agreements, enabling faster, cheaper and simpler execution of contracts. Could the technology also be used to assist with the purchase of property?
Extending Your Backend Operations
September 6, 2023
he real estate market is rapidly changing. Today’s strong economy is driving higher interest rates, causing prospective homeowners to think twice before purchasing and giving homeowners pause before putting their properties on the market. For lenders, this means…
How Much Do You Trust Your Vendors
September 6, 2023
Any given organization will likely keep a long list of third-party vendors. They cover a wide range of functions, and—although not enough people consider this point—they cover a broad range of security profiles as well.
While many organizations are now keenly aware of how much time, effort and foresight they must put into their own security, many don’t consider whether the vendors they bring in are equally secure and what risks they bring in.
How Is Non QM Different from the Old Subprime
September 6, 2023
While interest in non-qualifying mortgages (non-QM) is growing, so are the concerns that non-QM is simply a subprime loan dressed in new clothing. After the crash, it’s no wonder that there is sensitivity around the “old subprime” that sent lenders, borrowers and the global economy spiraling. It’s also no surprise that when people hear about non-QM loans, they worry we are repeating history.
Four Reasons to Outsource Vendor Management
September 5, 2023
These are very challenging times for independent mortgage bankers,” said Marina Walsh, MBA’s Vice President of Industry Analysis in November 2018. Most mortgage lenders can relate to that sentiment, since at the moment, competition is fierce, interest rates are…
The Basics of Buying a Home at Auction
September 5, 2023
The number of homeowners facing foreclosures is approaching a 20-year low, but there are still massive opportunities when it comes to finding distressed properties. One of the best places to take advantage of these opportunities is…
Five Ways to Improve Mortgage Originations
August 25, 2023
Altisource commissioned a 2018 report, “The State of the Originations Industry,” which showcases results from our annual Origination Solutions Survey of over 200 decision makers in the U.S. mortgage origination business. The survey uncovered many industry insights, including risks and challenges present in the mortgage market and methods for improving mortgage originations. In this post, we have distilled five key points from the report that can help originators stay competitive.
Choosing the Best Modern, Nationwide Appraisal Management Partner
August 23, 2023
Finding a valuations partner who is up to speed on the myriad of new laws and regulations may feel like a daunting task. Fortunately, it’s possible to differentiate the modernized leaders in the appraisal industry from the uninformed, run-of-the-mill providers. George Paquette, Chief Appraiser at Springhouse®, discusses how to select the best, most modernized appraisal management company (AMC).
RentRange Identifies 25 Markets With the Largest Rental Rate Increases
May 11, 2016
According to RentRange, cities in Florida lead single-family rental price growth in the first quarter of 2016