Following the release of the Q1 2024 Mortgage Trends, much information vital to lenders has been revealed. Although the forecast itself has been described as less than favorable, it's not all bad news. Here are a few positive takeaways and facts that can be gleaned
One of the most important things that any organization can do is ensure that those who are working there have accurately presented themselves - i.e. they are who they say they are. This can be done through information gathering and identity verification. What is the
Tax returns do more than provide a paper trail for individuals and businesses to prove to states and the federal government that they met their financial obligations. A request for verified IRS tax return transcripts is one of the best ways for lenders (i.e., banks,
When you’re hiring caregivers, it’s important to pick reliable people who will treat patients fairly and not put their safety at risk. The right background check helps you be confident that you’re getting the best employees. Are Caregiver Background Checks Required? There are no federal laws requiring
Lending is a complicated business. By law, it takes time. In reality, the checks, balances, and safeguards in the process protect everyone, borrowers and lenders alike. Still, as one loan company CEO put it, borrowers want to know how long the application process will be
Employers need to know if potential or current workers have any red flags in their backgrounds that might make them unfit for some reason and ineligible for employment with a specific company or to perform one or more job-related tasks. This is especially true for
When you’re running background checks, Social Security number (SSN) traces are a valuable tool. Though an SSN trace is often overlooked, it provides many important details. How SSN Traces Work An SSN trace is a type of search that focuses on exploring a candidate’s Social Security number.
Lending businesses face a unique set of challenges when it comes to marketing to customers. They have to navigate a complex regulatory environment as well as a crowded field of firms of various sizes. These businesses have to take careful steps and spend their money
A cash flow analysis is an important factor in lending choices because it shows how likely a borrower is to pay back a loan. More specifically, they help lenders in five main ways. 1. Risk Assessment By analyzing a borrower’s cash inflows and outflows over a certain
As we step into the dynamic landscape of 2024, the realm of hiring is poised for transformative shifts that demand attention from employers and HR professionals alike. From the potential evolution of recruitment technologies to legislative changes influencing the hiring process, let’s explore the key