The latest weekly survey from MBA reports the unadjusted Purchase Index increased by five percent and is three percent higher than the same week last year. With mortgage applications for home purchase on the rise, refinance applications continue to decrease—recently hitting their lowest point since September 2008. Lenders are preparing to compete for their […]
A listing agent is a real estate professional responsible for listing a property on the market and representing the listing, or selling, party. The fiduciary duty of the listing agent is to the selling party.
In sales, time is money. And in the mortgage business, where it takes 30 days or more to close a loan, time gets expensive fast. No wonder sales acceleration technology is creating such a buzz among mortgage lenders—or that Velocify is leading the way. Last week, Velocify was once again named to HousingWire magazine’s prestigious […]
Velocify has been in the mortgage sales software business for more than 10 years! We started off as a lead managing machine, helping lenders—mostly call centers—ingest internet leads and apply the benefits of automation to manage borrowers through the loan process. Over the years we’ve extended our reach to support lenders whose loan officers work […]
It’s no secret that technology is moving the mortgage market. In fact, at this year’s MBA Annual Convention and Expo, technology was a common theme. The difference this year compared to years past, was a heavy focus on technology to meet borrower expectations. Borrowers are more tech savvy than ever. They’ve grown accustom to experiences […]
It’s predicted that the second half of 2016 will be good in terms of home sales, home prices, and new construction. As interest rates increase, however, there will be fewer refinances and single family mortgage originations, so competition among consumer direct and retail lenders will be more heated. This means, mortgage lenders will need to […]