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