![CFPB to renew focus on military families [VIDEO]](https://equity.gladworksinprogress.com/sites/default/files/default_images/equity.jpg)
By: Equity National February 20, 2015 No Tags Closing
CFPB to renew focus on military families [VIDEO]
Toward the end of last year, the Consumer Financial Protection Bureau spent the latter half of 2014 making efforts to mitigate the financial challenges servicemembers face, and a recent release from the agency seems to indicate a continued focus on military families in 2015. Assistant Director of the CFPB’s office of servicemember affairs Holly Petraeus recently noted in a press release that the bureau will continue...By: Equity National February 9, 2015 No Tags Closing
Networking to improve lending [VIDEO]
Networking is an important tool for lenders to take advantage of – it can help boost your business prospects and assist you with remaining compliant with regulations. Networking can help you as a lender in a number of ways. For instance, the constant motion of technology and regulation these days means that the lending market is an extremely fluid thing. This doesn’t leave much time for developing solutions. Networking with your ...By: Equity National February 5, 2015 No Tags Closing
Taking a two-pronged approach to housing [VIDEO]
The government has initiated two different strategies in order to spurn the housing recovery, and we could see that continue through 2015. Stringent underwriting standards have kept many - especially first-time homebuyers - from entering the housing market. This has led to concerns that these tight standards have led to a cooldown in the housing recovery, according to The Washington Post. At the same time, allowing lenders ...By: Equity National February 2, 2015 No Tags Closing
Court hands homeowners a victory in mortgage can...
A recent unanimous Supreme Court ruling was a victory for homeowners who believe they aren’t being treated fairly by lenders. The court found that homeowners don’t need to file a lawsuit in order to cancel a mortgage – all they need to do is send a letter. All borrowers have to do if they feel that their lenders have violated the federal Truth in Lending Act is inform lending firms via letter that they are canceling. The ...By: Equity National January 28, 2015 No Tags Closing
A wave of renters may be coming to housing marke...
Right now rental housing is tight, and the cost of renting is increasing. In these pricey days for renters, the Federal Housing Administration has made several competitive moves with the intention of lowering the cost of home ownership, effectively opening up the housing market to million of renters in the new year. The FHA, which has often been the preferred option for borrowers with limited down payment and credit, has announced a plan...By: Equity National January 21, 2015 No Tags Closing
Using analytics to address complaints [VIDEO]
There are a number of webinars and information sessions these days touting data analytics as a tool for improving customer service for lenders, and for good reason. The Consumer Financial Protection Bureau is analyzing information from its consumer complaint database in order to develop strategies for regulating lenders in the future. It has an archive of nearly 200,000 complaints through which analytical software can sift, identifying k...By: Equity National December 31, 2014 No Tags Closing
Keeping the client involved [VIDEO]
Transcript Client engagement is essential, and there are a few ways to keep them involved. First off, don't confuse keeping the borrower engaged with client farming. They're different, so make sure that the individual is engaged in the discussion – it will be more interesting than a one-sided pitch. Also, don't hold back on the information. Make it easy for clients to find out everything they need to know, even before they contact y...By: Equity National November 19, 2014 No Tags Closing
Can consumers cut closing costs on a refinance?
The home buying process can obviously be an expensive one for consumers to get into, but often once they come out the other side, people are pleased that they took the step. However, when they go to a lender to refinance an existing mortgage, what they might have learned during the previous closing process could go a long way toward saving them a significant amount of money. One of the biggest things consumers might be able to apply in this re...By: Equity National November 18, 2014 No Tags Closing
What should first-time buyers know about closing...
The home buying process can be an arduous one even for those who have been through it before, and thus the problems that people can run into when they go through it for the first time can be significant. For this reason, it's important that people who are making their first-ever steps toward purchasing a property should know exactly what's expected of them, and that includes knowing what they're going to have to do when it comes time to close the...By: Equity National November 17, 2014 No Tags Closing