🎤 MIC DROP! “Since we started this dance together, we’ve taken our costs for verifications from 8 basis points per loan down to 3 basis points per loan.” 🔥 Femi Ayi, Revolution Mortgage 🔥 (https://lnkd.in/e5Ca2YkW - just this clip) As you can see, we had an amazing event with one of our best customers, Femi Ayi, as well as Brooke S., and Jodi Eberhardt, on this week’s Mortgage Bankers Association webinar: “Minimizing Risks with GSE Borrower Verifications”. This is THE event to watch if you're using a consumer-permissioned verifications provider and want to get more from the service, or thinking about using one. Femi, Brooke, and Jodi broke everything down that you need to know in a real world example of a lender (Revolution) using a CPP (Truv) with great success. Here's what we covered: ● Defined what it means to be an authorized supplier for Freddie Mac's AIM solution and Fannie Mae’s DU® validation service ● Detailed how new consumer-permissioned verification technologies can save lenders up to $350 per loan ● Explained how automated income and employment verifications can help lenders increase pull-through rates and close loans faster ● Provided steps lenders can use to improve loan quality by leveraging real-time data directly from the source Check out the full webinar here: https://lnkd.in/esavg7Kt
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🎤 MIC DROP! “Since we started this dance together, we’ve taken our costs for verifications from 8 basis points per loan down to 3 basis points per loan.” 🔥 Femi Ayi, Revolution Mortgage 🔥 (https://lnkd.in/e5Ca2YkW - just this clip) As you can see, we had an amazing event with one of our best customers, Femi Ayi, as well as Brooke S., and Jodi Eberhardt, on this week’s Mortgage Bankers Association webinar: “Minimizing Risks with GSE Borrower Verifications”. This is THE event to watch if you're using a consumer-permissioned verifications provider and want to get more from the service, or thinking about using one. Femi, Brooke, and Jodi broke everything down that you need to know in a real world example of a lender (Revolution) using a CPP (Truv) with great success. Here's what we covered: ● Defined what it means to be an authorized supplier for Freddie Mac's AIM solution and Fannie Mae’s DU® validation service ● Detailed how new consumer-permissioned verification technologies can save lenders up to $350 per loan ● Explained how automated income and employment verifications can help lenders increase pull-through rates and close loans faster ● Provided steps lenders can use to improve loan quality by leveraging real-time data directly from the source Check out the full webinar here: https://lnkd.in/esavg7Kt
Minimizing Risks with GSE Borrower Verifications
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🏡 Welcome to another episode of "Province Homeowner Academy" with Rhonda DelSignore-Mulligan, Senior Mortgage Advisor at Province Mortgage Associates! In this episode, Rhonda emphasizes the crucial role you, the borrower, play in the mortgage process. From providing accurate financial documents to staying on top of deadlines, your active involvement is key to a smooth home-buying journey. Remember, you are not just a bystander—you are a vital part of the team! For more information or to discuss your mortgage needs, visit provincemortgage.com or reach out to one of our dedicated mortgage advisors today. #HomeBuying #MortgageTips #Teamwork #DreamHome
Key Responsibilities of Borrowers in the Loan Process
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🏠 Understanding Loan Modification Benefits 🏠 Get the full details from Mortgage Rater here 👉 https://lnkd.in/gMPVKRNF #MortgageRater #MortgageTips #HomeLoans #MortgageNews #FinanceTips #HomeBuying #InterestRates #MortgageBroker
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🏠 Understanding Loan Modification Benefits 🏠 Get the full details from Mortgage Rater here 👉 https://lnkd.in/g-7UeXSc #MortgageRater #MortgageTips #HomeLoans #MortgageNews #FinanceTips #HomeBuying #InterestRates #MortgageBroker
Understanding Loan Modification Benefits
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Understand the concept of residual income and how it affects your loan application.
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In this video I discuss why it's so important for an MLO to gather all the facts before they submit a loan into underwriting.
Can this mortgage loan get approved in underwriting?
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VIDEO: The underwriter denied a loan; saying it did not pass the reasonableness test. Is this a written guideline? Watch Video Here: https://lnkd.in/dEMmA5n2 ABOUT CAMPUSMORTGAGE: We offer instructor-led online mortgage training classes to students nationwide. Learn mortgage processing, underwriting, compliance, servicing, QC & more! Visit: www.CampusMortgage.org VIDEO CREATION DATE: May 02, 2024 DISCLAIMER: Due to ongoing changes to mortgage regulations and guidelines, the information presented in this video is time sensitive and subject to change, without notice. This video is for informational purposes only and not intended to be used in place of any official government guideline or regulation. Copyright 2024 CampusMortgage. All Rights Reserved. #AskTheInstructor, #NAMP, #NAMU, #CampusMortgage, #Mortgage, #MortgageTips, #MortgageLending, #MortgageBanking, #MortgageIndustry, #MortgageUnderwriting, #MortgageProcessing, #Lending, #Banking, #MortgageUnderwriter, #MortgageProcessor, #ConventionalUnderwriting, #MortgageTraining, #MortgageProfessionals, #RealEstate, #Brokers, #LoanOfficers, #LoanOrigination, #MLO, #MortgageBrokers, #MortgageBankers, #LoanOriginator, #Realtor, #RealEstateInvestment, #RealEstateAgent, #https://lnkd.in/dcCHzA9z
The underwriter denied a loan; saying it did not pass the reasonableness test. Is this a written....
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VIDEO: The loan was approved and locked but the borrower decided to go with a different loan program and the interest rate went up. Why would that happen? Watch Video Here: https://lnkd.in/gvPmfJyn ABOUT CAMPUSMORTGAGE: We offer instructor-led online mortgage training classes to students nationwide. Learn mortgage processing, underwriting, compliance, servicing, QC & more! Visit: www.CampusMortgage.org VIDEO CREATION DATE: May 06, 2024 DISCLAIMER: Due to ongoing changes to mortgage regulations and guidelines, the information presented in this video is time sensitive and subject to change, without notice. This video is for informational purposes only and not intended to be used in place of any official government guideline or regulation. Copyright 2024 CampusMortgage. All Rights Reserved. #AskTheInstructor, #NAMP, #NAMU, #CampusMortgage, #Mortgage, #MortgageTips, #MortgageLending, #MortgageBanking, #MortgageIndustry, #MortgageUnderwriting, #MortgageProcessing, #Lending, #Banking, #MortgageUnderwriter, #MortgageProcessor, #ConventionalUnderwriting, #MortgageTraining, #MortgageProfessionals, #RealEstate, #Brokers, #LoanOfficers, #LoanOrigination, #MLO, #MortgageBrokers, #MortgageBankers, #LoanOriginator, #Realtor, #RealEstateInvestment, #RealEstateAgent, #FreeMortgageTraining
The loan was approved and locked but the borrower decided to go with a different loan program and...
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VIDEO: The underwriter denied a loan; saying it did not pass the reasonableness test. Is this a written guideline? Watch Video Here: https://lnkd.in/gx3HgGQG ABOUT CAMPUSMORTGAGE: We offer instructor-led online mortgage training classes to students nationwide. Learn mortgage processing, underwriting, compliance, servicing, QC & more! Visit: www.CampusMortgage.org VIDEO CREATION DATE: May 02, 2024 DISCLAIMER: Due to ongoing changes to mortgage regulations and guidelines, the information presented in this video is time sensitive and subject to change, without notice. This video is for informational purposes only and not intended to be used in place of any official government guideline or regulation. Copyright 2024 CampusMortgage. All Rights Reserved. #AskTheInstructor, #NAMP, #NAMU, #CampusMortgage, #Mortgage, #MortgageTips, #MortgageLending, #MortgageBanking, #MortgageIndustry, #MortgageUnderwriting, #MortgageProcessing, #Lending, #Banking, #MortgageUnderwriter, #MortgageProcessor, #ConventionalUnderwriting, #MortgageTraining, #MortgageProfessionals, #RealEstate, #Brokers, #LoanOfficers, #LoanOrigination, #MLO, #MortgageBrokers, #MortgageBankers, #LoanOriginator, #Realtor, #RealEstateInvestment, #RealEstateAgent, #https://lnkd.in/gkPBMTeZ
The underwriter denied a loan; saying it did not pass the reasonableness test. Is this a written....
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VIDEO: The underwriter denied a loan; saying it did not pass the reasonableness test. Is this a written guideline? Watch Video Here: https://lnkd.in/dNh3NHEg ABOUT CAMPUSMORTGAGE: We offer instructor-led online mortgage training classes to students nationwide. Learn mortgage processing, underwriting, compliance, servicing, QC & more! Visit: www.CampusMortgage.org VIDEO CREATION DATE: May 02, 2024 DISCLAIMER: Due to ongoing changes to mortgage regulations and guidelines, the information presented in this video is time sensitive and subject to change, without notice. This video is for informational purposes only and not intended to be used in place of any official government guideline or regulation. Copyright 2024 CampusMortgage. All Rights Reserved. #AskTheInstructor, #NAMP, #NAMU, #CampusMortgage, #Mortgage, #MortgageTips, #MortgageLending, #MortgageBanking, #MortgageIndustry, #MortgageUnderwriting, #MortgageProcessing, #Lending, #Banking, #MortgageUnderwriter, #MortgageProcessor, #ConventionalUnderwriting, #MortgageTraining, #MortgageProfessionals, #RealEstate, #Brokers, #LoanOfficers, #LoanOrigination, #MLO, #MortgageBrokers, #MortgageBankers, #LoanOriginator, #Realtor, #RealEstateInvestment, #RealEstateAgent, #https://lnkd.in/duUb-2ER
The underwriter denied a loan; saying it did not pass the reasonableness test. Is this a written....
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7moHUGE STUFF Richard 🙌🚀🎉