According to the consumer reporting agency LexisNexis, mortgage fraud costs have increased by 16.2% since 2020. Today, it costs financial institutions roughly $4.23 to address every $1 lost to mortgage fraud. Available data shows mortgage fraud, which refers to illegal activities that loan officers, brokers,
AI is drastically changing the way businesses do marketing, and it offers countless benefits for lenders. Whether you need to spruce up your content or create better email offers, there is a sea of artificial intelligence tools at your disposal. Here are five ways loan
Private Eyes, a leading provider of background checks and income verifications, today announced its successful completion of its Type 2 SOC 2 audit as of April 16, 2023, to July 15, 2023, as it looks to provide peace of mind to customers and prospects that
As the world continues to become increasingly focused on the online world, digital lending is becoming more common. With that comes the need to adhere to key best practices for success. Doing so will allow you to create a sense of trust and responsibleness with
As a mortgage lender, it's crucial to understand the journey that borrowers go through when seeking mortgages. This understanding allows you to streamline the process, provide better service and ultimately increase customer satisfaction. Phases of Borrowers' Journeys Borrowers' journeys can be divided into several stages, from the