Encouraging homebuyers to be loyal and provide referrals in today’s highly competitive market requires mortgage loan officers to do a lot of work post-closing. However, these efforts pay off when you successfully demonstrate your expertise and interest in a lasting business relationship, not a single transaction. Read More
A competitive homebuying season awaits first-time buyers already struggling to save for a down payment. As a mortgage LO, you can help them achieve their homeownership dreams faster with three key recommendations. Read More
Contending with higher mortgage rates and high home prices, many homebuyers are reporting issues with sleeplessness and even family conflict — making it more important for mortgage loan officers to offer effective solutions and prepare first-time buyers (in particular) for the challenges ahead. Read More
Today’s housing market is too dynamic to wait weeks or months for quarterly data and analysis. Get the information you need each week with HaMMR Digest — to stay on top of a volatile housing market in 2024. Read More
More homebuyers and their lenders have been choosing private mortgage insurance over FHA in recent years as borrowers closely assess short- and long-term borrowing costs Read More
National Hispanic Heritage Month, which runs from Sept. 15 to Oct. 15, is a time to recognize the many contributions of the Hispanic population (20% of Americans) to the social, cultural and economic life of the United States. Read More
With forecasters expecting this year’s mortgage originations to lag behind 2022, every deal counts. Check out five solid strategies that give you an edge with buyers Read More
Historically, declines in mortgage application volume bring increases in fraud attempts. As applicants turn to more elaborate schemes to falsely meet tightening underwriting standards, now is a good time to train your staff on the latest red flags to watch for. Read More
It’s June, the month when historically a record number of new homeowners close on homes. Although mortgage rates were down slightly at the beginning of May (the average 30-year fixed-rate mortgage was 6.17% on May 11, as reported by businessinsider.com), inventory is still tight. Read More
With homebuyers facing new hurdles this year, including higher interest rates and a lack of inventory, mortgage originators focus more on homebuyer education to set expectations up front and equip borrowers with expanded options, including more affordable down payments. Read More