Business Building Center
Path to Equity: 5 Strategies to Boost Black Homeownership
Homeownership remains a key driver of financial stability and wealth creation for American households, accounting for nearly two-thirds of their net worth. Yet, for Black Americans, it continues to be an uphill battle. The homeownership rate for Black households...
Keep Customers for Life with Your Closing Gift
It's a monumental achievement to buy your first home. It's no less of an accomplishment for homeowners to refinance successfully. Whether you are a loan officer with a mortgage lender, bank, or credit union, you've played an integral part in the transaction's...
Building a Digital Strategy to Drive Growth in Hispanic Homeownership
Across the United States, Hispanic homeownership is growing at a record pace. Fueled by young first-time homebuyers, the rate has continuously increased since 2014, reaching 48.4% in 2021. Looking at data from the 2021 State of Hispanic Homeownership Report...
Manage Your Mortgage Tech Stack to Align With Your Changing Business Needs
Drive future success by aligning your tech stack with the market's product and consumer segment Are you a mortgage lender who is worried about the rising cost of orginations and the shrinking margins? Are you concerned about not being able to provide the best...
Real-time Mortgage Verification Services – Empowering borrowers and lenders to make smarter lending decisions
Millennial and Gen Z borrowers are strongly influenced by digital offerings when selecting their lender – online applications (68% and 64%, respectively), online portals for uploading documents (65% and 68%), and online portals for signing and notarizing documents...
Deep Digitization in Mortgage Origination
Intelligently automate your entire middle office process using repeatable quality control automated mechanisms. When mortgage lenders use consumer permissioned direct-sourced data to obtain a borrower’s income, employment, assets, and credit, they can increase...
The Mortgage Lender’s Guide to Supporting Divorcing Customers
Advise divorcing customers on the five common mortgage-related transactions used to settle the marital home The most valuable asset most couples must negotiate during a divorce is the marital home. Emotions are likely attached to the home, impacting timely and...
Considering On-Time Rental Payments Can Help More Renters Qualify for a Mortgage
Fannie Mae and Freddie Mac have each agreed to purchase residence loans when mortgage lenders consider on-time rental payments into their underwriting calculations. Missed rental payments won't keep potential borrowers from getting a mortgage. Fannie Mae started...
The Financial Habits of Future Homebuyers
Meet your future homebuyers. What are their financial goals? How do you market to them? What drives them to begin their homeownership journey? Younger generations have begun to reach homebuying age. In 2022, the National Association of REALTORS® identified that 43%...
A Roadmap for Homebuyers to Achieve Mortgage Readiness in a Challenging Purchase Market
The current market is challenging for homebuyers as mortgage rates and home prices are moving the goal line further out of reach. First-time homebuyers who could qualify for a mortgage are self-selecting out of the process due to reduced purchasing power and...
Build Your Pipeline Through Homebuyer Education
Faced with higher prices on rent, food, and gas, many first-time homebuyers are struggling to save for a down payment and pay off the credit card debt they’ve accrued in recent years. These compounding factors are driving the credit scores of many prospective...
Increase Pipeline Conversion by Boosting Borrower Credit Scores
A borrower's credit profile is one of the primary eligibility factors mortgage lenders consider when evaluating a mortgage application. Yet, credit continues to be one of the significant reasons mortgage applicants fall out or have their mortgage application...
Leading Indicators of a Consumer Entering a Homeownership Journey
Mortgage lenders and originators need to identify prospective homebuyers earlier if they want to connect with them before the competition. FinLocker has identified four leading indicators that a consumer intends to begin their homeownership journey. How they...