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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.  

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.

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