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    The science of mortgage marketing

    By Louis Zitting on Apr 12, 2019 8:59:17 AM

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    January 2019 State Legislative & Public Policy Report

    By Louis Zitting on Feb 5, 2019 4:11:29 PM

    January, 2019 /Experian/ -- Legislative & Public Policy Update - State Update.

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    January 2019 Federal Legislative & Public Policy Update

    By Louis Zitting on Feb 5, 2019 4:04:44 PM

    January, 2019 /Experian/ -- Legislative & Public Policy Update - Federal Update.

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    Firm offer of credit requirements for prescreened lists

    By Bobby Zitting on Jan 30, 2019 5:10:31 PM

    The Fair Credit Reporting Act (FCRA) strictly regulates the use of consumer reports as they contain highly sensitive information pertaining to a consumer’s credit worthiness. Each name on a prescreened list is treated as a consumer report by the FCRA. In order for a financial institution to obtain a consumer report or a prescreened list they must have permissible purpose specified in the FCRA. Additionally, the financial institution is responsible for extending a firm offer of credit to each of the consumers on their prescreened list. The following are some guidelines of what elements should always be on a firm offer of credit that is being sent to a consumer. Please note that the following are recommendations, any firm offers of credit should always be reviewed by the legal compliance professionals at your company.

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    Mortgage Portfolio Runoff

    By Louis Zitting on Jan 9, 2019 4:52:45 PM

    With fluctuations in the mortgage bond market, mortgage lenders are constantly at risk for mortgage portfolio runoff.  High margin lenders issue rates higher than the market everyday.  Even a 0.25% drop in average interest rates can create a large amount of mortgage portfolio runoff due to the fact that there is always a handful of refinance only lenders offering lower market rates that your average retail mortgage shop.  

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