#mortgage-lending

#mortgage-lending

The new FICO scores will integrate BNPL installment loan data into credit reports, providing lenders with clearer insights into borrowers' financial behavior.

Every day, mortgage brokers and mortgage lenders encounter talented entrepreneurs, successful investors, and international buyers who deserve homeownership but can't check the conventional boxes.

The record performance was helped by its £2.9 billion acquisition of Virgin Money, which completed in October, and a boom in mortgage activity.

Some respondents revealed that they received up to 1,700 regulatory alerts in 2024, with 25% having direct business impacts, pushing lenders toward modernization.

UWM achieved a significant growth milestone in 2024, originating over $137.8 billion in loans, doubling its production from the previous year despite challenging market conditions.

"We lived in that motel for most of my childhood. That was our home and our business."

We knew that if we didn't create a mortgage company known for offering a high level of value...we were all going to be in a race to the bottom.

It is helpful to look at LinkedIn profiles during the application process. It can give a clearer picture as to the job history, description, length of employment, locale, etc.

This year, independent mortgage banks like Rocket Mortgage and CrossCountry Mortgage topped the rankings, showcasing a significant growth in origination volume that set them apart from traditional banks.

This is AI meets modern home financing and it's transforming the way people buy homes, Lane Hornung, co-founder and CEO of zavvie, said in a statement.

In the modern mortgage market, with rates close to 7%, opportunities arise for mortgage brokers who cater to non-QM borrowers, adapting to evolving employment trends.