We are a digital mortgage solution provider, enabling lenders to originate and process loans from anywhere. simplenexus connects loan officers to their borrowers and realtors to easily communicate and exchange data in a single location throughout the entire loan life cycle.
· With the success of Quicken Loans® digital mortgage platform, Rocket Mortgage®, however, digital integrations have been growing steadily. Now, Wells Fargo Home Mortgage®, the nation’s largest lender, is joining the ranks of lenders digitizing their application process.
New Survey Reveals Mortgage Consumers of All Ages Demand an Online Approach – Velocify Survey findings point to need for all lenders to adopt online sales strategies and create digital mortgage.
Digital mortgages are great for the first 30 days of a borrower relationship, but what about the potentially 30 years after that? Or when a borrower comes on hard times? Embracing digital mortgages in servicing may prove valuable to borrowers and servicers alike.
People on the move: Jan. 25 It has been dangerous for me but I’ve been most scared for my daughter," says Esther, 25, who travelled from Nigeria. The BBC uses the term migrant to refer to all people on the move who have yet.Inventory keeps contracting as higher rates deter sellers: Redfin Home prices continue to hit record highs in March.. analysts suggested that one factor pushing prices higher was the unusually low inventory of homes for sale," Blitzer said. "People are staying in their homes longer rather than selling and trading up.. rise further, this could deter.Walter Investment’s emergence from bankruptcy is delayed He also is Tribune’s only top new hire in Chicago since it emerged from bankruptcy. of Walter E. Smithe, an Itasca-based furniture retailer, to a dinner party at Martha Stewart’s home in Bedford, N.
Embrace the Digital Mortgage as a Competitive Advantage. Residential Mortgage Corp., a midsize lender based in Fayetteville, N.C., recently completed its first e-closing. It took 15 minutes of the borrower’s time, rather than the usual hour and a half, according to Mary Bright, vice president of operations at the company.
The Value of a Digital Mortgage for Lenders 1. It Gives Lenders a Competitive Edge Consumers are increasingly going digital, and the mortgage loan process is something consumers expect to be digital as well. A growing number of borrowers don’t want to deal with face-to-face, time-consuming meetings that involve lots of paperwork.
Traditionally, from the moment a borrower begins a mortgage application to the time she closes, she’ll have filed more than 500 pages of paperwork and waited around 50 days. That means that lenders, too, devote the time and resources to process 500 pages per applicant, which ends up costing the lender around $8,000.
MGIC beats expectations, but new insurance written underwhelms MGIC beats expectations, but new insurance written underwhelms Millennial mortgages close rapidly as low rates raise purchasing power Did Ben Carson just mistake an REO for an Oreo? Volatility defines first-quarter home sales, California takes big hit Former Fannie exec to lead Flagstar lending unit Flagstar Bancorp, Inc. (NYSE: FBC) is a $17.7.
*Denotes a statistically significant difference between prior mortgage borrowers and recent mortgage borrowers at the 95% confidence level Prior Mortgage Borrowers Recent Mortgage Borrowers C onsumers say that social media plays a small role in their mortgage shopping now and it is likely to continue playing a small role in the future.
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