The LO Down - Alternative Credit

Posted by Emma Bowder on November 16, 2022

Mortgage applications follow a pretty set process. Lenders check whether income and assets meet certain criteria, but the actual loan approval is based heavily on what’s in the credit report. As long as there is ample data in that credit report, the...

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The LO Down - Non-QM Loans

Posted by Tifany Pledger on November 02, 2022

With interest rates at all-time highs and looking to stay there for a while, lenders are having to think outside of the box in order to prospect leads and stay in business. Yes, house prices are coming down, but are not expected to decrease fast...

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The LO Down - Mortgage Insurance

Posted by Emma Bowder on October 19, 2022

There is a lot of buzz in the industry right now about Mortgage Insurance, specifically whether or not it should be lowered.  But what is it and why do we keep hearing about it?

In simple terms, mortgage insurance is just that - Insurance. But unlike...

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The LO Down - Appraisal Trends

Posted by Tifany Pledger on October 05, 2022

Due to the positive experiences regarding the appraisal flexibilities allowed during the pandemic, in the spring of 2022, the mortgage industry decided to make the use of desk-top appraisals a more permanent option for certain transactions.


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The LO Down - Mortgage Servicing

Posted by Tifany Pledger on September 21, 2022

We all have been following the recent changes in the mortgage industry. At first, interest rates were at record low levels and most lenders had plenty of both purchase and refinance business to keep their employees busy. But then, rates started to...

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The LO Down - Cobuying

Posted by Tifany Pledger on September 08, 2022

With home prices reaching astronomical levels, it can be difficult for many to qualify to purchase the home of their dreams. However, there is an option referred to as Co-buying that is gaining some popularity. Co-buying is basically a group of 2 or...

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The LO Down - Homeowners Assistance Fund

Posted by Tifany Pledger on August 24, 2022

The Homeowners Assistance Fund (HAF) was passed in 2021 as part of the American Rescue Plan. It was created as a way to make sure individuals and families can stay in their homes, and weather the financial challenges brought on by the Covid-19...

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The LO Down - Assumable Loans

Posted by Tifany Pledger on August 11, 2022

With the increase in mortgage interest rates, some borrowers are asking about a little-known feature on certain mortgage loans. Assumability. What this means is that home-buyers that are lined up with sellers with an existing assumable loan, can buy...

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The LO Down - LO Comp Rule

Posted by Tifany Pledger on July 27, 2022

The LO Comp Rule is one of those topics that comes up a lot in the mortgage industry, and unfortunately, it can be easy to misinterpret. Though it is always best to consult your company’s compliance department, we wanted to provide a brief run-down...

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All Past CE Movies Have Been Released on YouTube!

Posted by Emma Bowder on July 15, 2022

We have released three of our past CE movies as YouTube playlists! American Lender, Game of Loans, and License in Jeopardy are all available below as well as on our YouTube channel here!

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