If you're a financial institution thinking about approving a loan for a business, you need to do your due diligence before pulling the proverbial trigger. Thanks to modern-day technology and internet access, doing so is relatively easy. But you have to know where to look.
The current economy is one where consumers have it easier than ever when they want to research new products and services, and consequently, they're more likely to jump between them. That makes mortgage customer retention more crucial than ever before. For every customer your lending
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
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,
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
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
Effective and efficient procedures are crucial in today’s fast-paced corporate world to ensure client satisfaction. The pre-approval step is an important first step in making any kind of financial decision. By making this process better, we can speed up services and make customers happy. Let’s
Verifying an applicant’s income is an important part of the mortgage process. Typically, this is done by submitting a Form 4506-C, which is a request for a taxpayer’s transcript. The transcript contains wage and other data that mortgage providers can use to determine if a
Private Eyes Screening Group, Inc. has been awarded a group purchasing agreement for 3 years with Premier, Inc. effective March 1, 2024.