November 22, 2023By Dennis HollierDifferences in Mortgage Costs Linked to LocationRegional differences in mortgage closing costs largely explain the seemingly irrational “failure to refinance” of some borrowers when rates fall.
November 22, 2023By James DohnertAutomated Income Verification Can Help Qualify More BorrowersAn increase in the number of borrowers with non-traditional income sources has led more lenders to consider automated and AI-based underwriting practices, according to Ocrolus, a tech vendor.
October 27, 2023By Brandon IveyUnderwriting on GSE Deliveries Tightens in 3QLenders gravitated toward lower loan-to-value ratios and higher credit scores with their deliveries to the GSEs in the third quarter.