When the FDIC, OCC, and Federal Reserve proposed the Basel III Endgame, we took notice…and we didn’t like what we saw one bit. So PMI Rate Pro decided to speak up.
A home is the most significant investment most of us will ever make in our lives. It’s not only a place of shelter, family, friendship, and warmth. Homes are expensive assets that require enormous down payments. So, what happens when a borrower doesn’t have a massive stockpile of funds to spend on a down payment? […]
Marketing people love their metrics, but which ones are best for measuring your success as a loan originator? Is it the number of prospective borrowers who land on your website or blog? Maybe it’s loan applications or pull-through? We explored this question in a recent feature article published in a recent feature article published in […]
This has been a great year for mortgage loan originators. Despite all of the pain and despair the pandemic brought to America, 2020 was a very good year for mortgage lenders. Next year will be different. In fact, in a recent feature article published in MBA Newslink, we told lenders that it was time to […]
Offering lower prices is always a win. Lenders who can get borrowers the lowest cost PMI are more likely to have lower overall pricing. That will make them attractive to borrowers, but the real benefit is that the borrower will know that the LO actually cared enough to get them the best deal. That wins […]
Just about everyone agrees that the mortgage business is going to get tougher next year. It’s going to be harder for lenders to differentiate themselves and win more purchase money business, which will have pushed refi loans down to below 25% of total loan volume. Lenders must find a competitive advantage now that will allow […]
In our recent article, our co-founder Nomi Smith wrote that Private Mortgage Insurance is a fantastic opportunity for mortgage loan originators. At first glance, that might seem…curious. How can an additional fee that the borrower has to pay every single month be the key to winning more business? Because it’s an opportunity to win borrower […]
Most of the experts observing the home finance industry expect 2022 to be a very different year from the two that preceded it. The historic loan volume will fall off and refinance business will fall back below 25% of lender volume. In fact, the Mortgage Bankers Association announced in October that refi volume was already […]
A home is the most significant investment most of us will ever make in our lives. It’s not only a place of shelter, family, friendship, and warmth. Homes are expensive assets that require enormous down payments. So, what happens when a borrower doesn’t have a massive stockpile of funds to spend on a down payment? […]
Prospective homeowners face several obstacles when looking to purchase their first home. Perhaps their most daunting task of all is saving up enough money for a traditional 20 percent down payment. The good news is that buyers don’t have to put 20 percent down on a house. Private Mortgage Insurance or PMI, was created to […]