Q. What information is required for a borrower to use the Pre-qual tool?
We have many users asking the question "how often should I update my monitored database, and what datasets should I include when uploading new prospects?" In short, you should update your monitored database at least monthly, and here's why:
With an uptick in rates, more mortgage teams are trying to determine how to replace their lost refinance business with purchase business. It's no news that many markets are very low on inventory, making it hard to find homes for your buyers. The name of the game today is how to identify soon to be sellers.
It's true that consumers are creatures of habit, but not everyone follows the same habits.