Over the past decade, a significant portion of the economy has shifted to digital. In the lending industry, the majority of borrowers are using online portals and apps to complete transactions and apply for loans. The importance of cybersecurity in the lending sector cannot be
The IRS started modernizing Form 4506-C. This process will add automation, which will improve the agency’s efficiency and completion rate. The initial step of the modernization effort is the implementation of Optical Character Recognition (OCR) software. This software reads the form. For your form to
As a loan officer, you only make money if you are able to sell loan products to those looking to buy a home. If you want to generate revenue on a consistent basis, you'll need to develop strategies to consistently grow your client base. Fortunately,
If you're looking to close more mortgage loans, you'll need customers who qualify. Personal finance classes are not common in high schools, and many potential borrowers have poor role models when it comes to finances. This is why it's important to help prospective home buyers
In 2021, it isn't uncommon to see people use mobile apps to apply for mortgages. However, this doesn't mean that humans will be eliminated from the home loan servicing sector. Let's take a look at how you can continue to grow your business in a
In some cases, the hardest part of the sales process is to get the customer sitting in your office to convert from a potential customer to an actual customer. However, there are some easy steps that you can take to convince a prospective client that
Testimonials are one of the most crucial measures of a mortgage business' ability to grow and attract new customers. In today's day and age, clients are almost guaranteed to go online and research a business's reputation before settling on one broker. Reviews and testimonials are
When evaluating a home loan, a borrower typically tends to focus on the interest rate, monthly payment, and the amount needed to close. Therefore, loan officers tend to focus on these items when selling their loan products to consumers. However, you may be able to
It's easy to be a successful loan officer when everyone in town is looking to purchase a home. However, those who are able to develop meaningful relationships with borrowers are the ones who typically succeed when the housing market is slow.Are You Able to Connect