Borrower Outreach

National affordable housing innovator Arrive Home has partnered with FormFree, a provider of financial technology since 2007, to offer lender partners an alternative method to effectively measure a borrower’s credit risk and ability to pay. The partnership will expand homeownership opportunities for borrowers with limited credit history.

It’s not an understatement to say that mortgage lead generation is a top priority for loan originators. Whether coming from brand new prospects or repeat business and referrals from happy clients, quality leads are the lifeblood of an LO’s pipeline. This blog explores some primary methods for mortgage lead generation and optimization.

The Community Home Lenders of America (CHLA) sent a letter to Congress urging for higher Senate funding levels for salaries and expenses of Ginnie Mae and the Federal Housing Administration (FHA) for FY 2025.

Canopy MLS, an MLS provider serving more than 22,000 subscribers in 23 North Carolina counties and three South Carolina counties including the Charlotte, Hickory and Asheville markets, will begin offering ICE’s mobile-optimized Paragon Connect as an MLS platform of choice.

While their optimism is growing, lenders must elevate customer experiences and focus on technology ROI to capitalize on a rejuvenated housing market in 2025, according to the latest Insights Report from STRATMOR Group, a mortgage advisory and consulting firm.

Finotta, a provider of embedded fintech for digital banking, published its new guide, “Millennials, Gen Z & Money Moves: How to Keep Them Banking With You.” This free resource offers valuable insights for financial institutions seeking to attract and retain younger generations.

Finotta, a provider of embedded fintech for digital banking, published its new guide, “Empathy Equals Growth: Retention and Profit Through Financial Wellness.” This free resource features insights from industry experts to provide financial institutions with the tools to build better relationships, enhance customer retention, and offer personalized experiences that cater to the diverse needs of today’s consumers.

In its September Insights Report, STRATMOR Group a mortgage advisory and consulting firm, demonstrates how lenders who share their stories with borrowers and teammates are better able to create strong relationships, retain leads, recruit top talent and even drive revenue.

LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, recently announced the addition of M2 Lending to its roster of clients utilizing LiteSpeed, QuickQual and Milestone Text Updates. 

According to a new survey conducted by Snapdocs, a digital closing provider, 60% of homebuyers experience frustration during the mortgage process. The key factors borrowers identified as negatively impacting their experience occurred during the closing, including document errors, lengthy in-person appointments, and unexpected caretaking and travel costs. Borrowers who were given the option to close digitally, or even just preview the documents digitally, reported higher satisfaction with their mortgage process.