Interested in seeing where the hot spots are in mortgage originations? Here are some interesting stats that we are seeing in the data right now.
MB Insider Trends: May 4th - 50% More First Time Homebuyers
Topics:
refinance
early pay off
epo warning
inquiry alerts
mortgage trigger
mortgage inquiry
credit migration
first time home buyer
weekly trends
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MonitorBase Insider: Email Engagement and Open Rates
Here’s your MonitorBase Insider Trend update for the week! This week we would like to tell you about open rates on email offers from alerts, as well as physical mail. When you get an alert that a client is back in the market or in need of your service, we automatically send them an offer over email and direct mail.
Topics:
email addresses
inquiry alerts
email marketing
email open rates
credit migration
email activity
firm offer email
email notifications
weekly trends
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MonitorBase Insider: What is the data telling us today?
Interested in seeing where the hot spots are in mortgage originations? Here are some interesting stats that we are seeing in the data right now.
Mortgage Portfolio Runoff Prevention
Past client runoff, particularly those with higher credit and lower LTVs, causes massive losses in portfolio valuations or Early Payoff (EPO) fees. Most of the time, lenders have no idea that their past client is in the market until the borrower’s new lender is ordering a payoff request. At that point it is too late.
Fight Real Evil
Operation Underground Railroad’s mission is to rescue victims of human trafficking, and arrest those responsible. This group of highly skilled operatives leads coordinated identification and extraction efforts, and are always in conjunction with law enforcement throughout the world.
The 3 Ways to Grow Your Business
There are so many ways to grow a business that it can start to feel confusing and overwhelming, right?
It’s actually much simpler than you may think. There are only three ways that you can grow your business. Only three!
Aged Mortgage Leads
Many mortgage lenders and brokers have most likely built into their business model some form of mortgage lead generation, or they may just buy mortgage leads from the large mortgage lead aggregators.
Purchase, Refi, Refi, Purchase.
Do you want to do one loan for every person you work with? Or do you want four loans for that same person? Clearly, in this case, the more the merrier holds true. The average buyer will go through a cycle like this: purchase a home, then refinance that home, refinance it again, then purchase their next home.