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: Credit Score and First Time Buyers
Topics:
refinance
early pay off
epo warning
inquiry alerts
mortgage trigger
mortgage inquiry
credit migration
first time home buyer
weekly trends
Continue Reading
MB Insider Trends: May 4th - 50% More First Time Homebuyers
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.
Topics:
refinance
early pay off
epo warning
inquiry alerts
mortgage trigger
mortgage inquiry
credit migration
first time home buyer
weekly trends
Continue Reading
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.
Mortgage Trend: Early Payoffs Increasing
We are seeing a significant increase in Early Payoff (EPO) related activity in our data. Mortgage credit inquires on recently funded loans (1-12 months) have increased by 65% compared to 6 months ago.
Early Payoff (EPO) Warnings
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.