Home >> Tag Archives: Borrowers (page 10)

Tag Archives: Borrowers

TRID’s Mixed Reviews 6 Months Later

CFPB

Many in the mortgage industry have complained of the complexity of implementing the rule and the difficulty of complying, despite the rule’s goal of making it easier on all parties involved to close a mortgage loan. But do homebuyers share these same sentiments?

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Research Shows That Borrowers are Seriously Undereducated in Homebuying

Many borrowers are unaware of their homebuying power and are underestimating their mortgage eligibility, according to a recent study by Genworth Mortgage Insurance, a unit of Genworth Financial, Inc. The results showed that 66 percent of the 113 lending executives surveyed feel that many borrowers who are eligible for mortgages do not feel that they can realistically purchase a home.

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Keeping Up with the Customer: Evolving the Retail Business Model to Stay Ahead of the Curve

In today’s environment, all retail lenders should be asking themselves, “What value am I truly offering a borrower?” We know that more and more consumers use an online, self-service option when making any retail purchase —mortgages included. When such convenience is available, why would a customer pay more to get a home loan from a retail lender instead? When faced with these questions, it is important to evolve your retail business model to stay ahead of the curve. Editor's note: This select print feature appeared in the June 2015 edition of MReport magazine, available now.

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