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Tag Archives: Origination

STRATMOR Gives LendingQB High Marks

According to STRATMOR Group’s Technology Insights survey, LendingQB, a provider of a web-based loan origination system (LOS) based in Costa Mesa, California, has received high marks for vendor satisfaction and customer support.

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Down Payments are the Biggest Barrier to Homeownership

Down payments are holding back renters from entering the housing market. Mortgage payments tend to be considerably cheaper than a rent payment on a monthly basis, but Zillow’s Housing Aspirations Report found that 70 percent of renters across the country are find high down payment costs to be the top roadblock to homeownership.

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Single-Family Construction Spending Up

The latest U.S. Census data shows that spending on single-family construction is up over the month and the year. Spending in this segment rose 1.2 percent over January and 3.4 percent since last February. Multi-family and overall spending are both up as well.

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Low Inventory Hinders High Rates of Pending Home Sales

The National Association of Realtor's Pending Home Sales Index showed an increase in pending home sales, the highest inn a year, and second highest in a decade. However, limited inventory continues to dampen the market, especially among homes in the low- and mid-market price range.

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Considering Alternatives in Credit Scoring

Alternative payment records could provide valuable routes to better credit for low-income people, and open up the path to a mortgage. Data from checking accounts rent, telecommunications, and utility accounts could all supplement the negative collections data. The problem is, very few consumer files have these types of data.

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Current LOS Systems Somewhat Lacking

Technology report says that current loan origination systems (LOS) are not adequate for the coming age of the digital mortgage. Specific functions must be achieved through add-on applications. The reasoning is that more efficient LOS systems will produce better client satisfaction in the loan process.

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