When I hear the phrase ‘mortgage trigger,’ a movie starts playing in my mind. Maybe yours, too!
No offense intended, but when it comes to past clients (unless they’re your mother), they probably don’t have your picture on the mantel of the home you financed for them.
The title of this article should spark your interest! You have likely felt the burn of an EPO … and the penalty fees they can impose.
MonitorBase is seeing a trend in the market we find interesting … if not a bit alarming!
With an uptick in interest rates, increasing home prices, and a lack of inventory, first-time homebuyers face many challenges in today's housing market. However, 2018 is still predicted to be a break-out year for those in pursuit of the American dream. While the big banks have all but exited the retail mortgage lending space, the gaps left to service these would-be homebuyers are quickly being bridged by independent mortgage bankers all across the country.
Jane and John are great parents. They took their kids on 3 vacations this summer: Disneyland, camping in the mountains, and grandma and grandpa's house. Jane and John have been busy! It has been a super fun, super productive summer. At least as far as vacations go.
According to a Q1 2017 equity report by Corelogic, "Homeowners equity increased by $766 billion over the last year." Just last month (June) 50% of refinance transactions were cash-out!! Whether it's for a debt consolidation or home improvement, cash-out transaction are hot and steamy this summer!
Text to pre-qual is now available to all MonitorBase users using our Instant Credit Pre-qual tool! Here are a couple examples how you might use this.
When analyzing a sample of predictive alerts over the past year, we found that the conversion on predictive produced an average cost per closed loan of $207, based on alert fees.* The response rate was 4% for inbound calls. As expected, the inquiry alerts have a higher conversion, with a cost per closed loan around $117 on average.