As technology continues to evolve, it is crucial for credit unions to adapt and embrace digital financial tools to better serve current members and attract new members. According to the Credit Union National Association (CUNA), the average age of credit union...
Homeownership is a critical component of financial stability and wealth building, but for Black Americans, achieving and sustaining homeownership has been a long-standing challenge. According to the U.S Census Bureau, the homeownership rate of White households was...
First-time homebuyers were the focus of 85% of originators in 2022, yet they only made 26% of home purchases. When your marketing efforts are focused on a subset of consumers who have already begun their homeownership journey, you face intense competition from...
Most homebuyers connect with a real estate agent before they connect with a loan officer. After referrals from past clients to their family and friends, the majority of loan officers receive more referrals from real estate agents than any other source. If loan...
Overcome employee resistance to change and accelerate user adoption of new mortgage technology solutions with a three-phase adoption plan 70% of digital transformation programs fail due to a lack of employee engagement, inadequate management support, poor or...
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...
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...
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...
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...
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...