Our mortgage industry blog, MGIC Connects, is where experts share their insights beyond private mortgage insurance to help readers learn about mortgage finance, housing trends, real estate news and social media in the mortgage industry.
Mortgage Industry to Change URLA 1003 in 2018
The mortgage industry is being shaken up with an overhaul to the Uniform Residential Loan Application (ULRA also known as a 1003) in 2018. Those who have been in the mortgage industry awhile know changes have been a long time coming. Here’s what you need to know right now.
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Pros and Cons for Loan Officers Working Remote in a Home Office
With more loan officers working remote than ever before, the home office has become an important part of many mortgage professionals’ business strategy. However, working from home isn’t necessarily for everyone. Discover the pros and cons of working remote.
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CFPB Looking for Lessons Learned from the Qualified Mortgage (QM) Rule
Recently the Consumer Financial Protection Bureau (CFPB) invited comment on its plans to assess its Ability to Repay/Qualified Mortgage (QM) rule. Here’s our take on this important topic.
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Three Reasons Why Loan Officers Should Work with Financial Advisors
Financial advisors are perhaps the most overlooked referral source for loan officers in today’s mortgage market. Collaboration with key referral partners is an excellent way to build business growth with trusted individuals.
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What Every Mortgage Professional Should Know About the MBA National Secondary Market Conference
From housing finance reform to the latest economic projections, here’s a look at the insights from last week’s Mortgage Bankers Association National Secondary Market Conference in New York from a mortgage professional’s point of view.
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Waiting to Save a 20% Down Payment Can Cost Homebuyers Money
As mortgage professionals, we must let consumers know – especially those looking to buy their first home – that waiting to save up 20% is not the only option, and they may be better off buying a home today with a smaller down payment rather than waiting.
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5 Secrets of Customer Experience Success in the Mortgage Industry
Customer experience success is a way of doing business –always focusing on how your customers perceive you and how well you are meeting their needs at every touchpoint. Here are 5 Customer Experience (CX) truths I’ve learned after a few decades in the workplace.
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Mortgage Fraud is Rising – Here’s What You Need to Know
Mortgage fraud has been steadily increasing since 2010 and in Q2 of 2016, 12,718 mortgage applications were estimated to have indications of mortgage fraud. Discover what you need to know about the evolution of today’s mortgage fraud and how to protect you and your borrowers.
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How to Help Your Borrowers Avoid Tax Fraud
The IRS is investing significant time and money to reduce tax refund fraud – but realistically, it won’t be eliminated anytime soon. But informed tax payers can help reduce their own risk of becoming victims of fraud. Here are a few ways you can help your borrowers avoid tax fraud this year.
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US Economy Remains Healthy
The US economy continues to grow at a steady rate as we move into 2017. After showing less-than-stellar growth earlier in 2016, the US economy rebounded sharply in the third quarter and looks like it finished the year on a positive note. Check out our most recent Market Trend Analysis recap.
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