Mortgage Trend: Early Payoffs Increasing

Louis Zitting Mar 6, 2019 4:28:15 PM

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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.

This is a good time to make sure you are monitoring all your recently funded loans for mortgage inquiry alerts so you can be notified early in the process, not when your borrowers are ordering a payoff.

How a 1,000-contact database can produce 8-18 transactions a month

William LeBaron : May 23, 2023 9:52:23 AM

One of the biggest misconceptions in the mortgage industry is the belief that our customers are mostly coming back to us for their next loan. It’s a...

MonitorBase : May 1, 2023 11:55:57 AM

In our latest Retention Rockstar^TM strategy video, we explored the mindset that Loan Officers should have in approaching the mortgage sales process...

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Why Prescreen credit triggers aren’t likely going anywhere…

William LeBaron : Apr 26, 2023 1:42:49 PM

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Mortgage Trend: Early Payoffs Increasing

How a 1,000-contact database can produce 8-18 transactions a month

Retention Rockstar™ Strategy: The Mortgage Sales Funnel

Why Prescreen credit triggers aren’t likely going anywhere…