Visionet BFSI

The mortgage lending scenario in 2019 is not very different from the previous year. We are dealing with quality control, compliance, and low profitability issues even this year. The mortgage volumes are not picking up as per expectations, and many are choosing to rent a home over buying one. Read more

We all have been talking about how the mortgage industry has evolved in the past few years. With the changes in the industry, technology and service providers have also brought in several changes to their business models. Read More

The mortgage industry is as competitive as ever. The good news is that for the last few months, lenders have been processing some consistently high volumes. Having said that, the real winners are the technology-enabled lenders who are leveraging technology to get the most from the applications that they are processing. Read more

The Mortgage Lender Sentiment Survey Special Topics Report compiled and published by Fannie Mae, captured lenders’ responses on how they assess their digital transformation efforts in the business. The underlying context in doing so was to understand how digital transformational efforts are impacting the borrower experience that lenders are providing.  Read more

Underwriting consumes a lot of time and cost for the lender. If the underwriting process gets streamlined, then as a lender, you know that you are freeing up the time of your specialist underwriters, helping  them process more loans each day. This can have a direct impact on your costs and profitability. Read more

We recently published an eBook ‘Ways for Lenders using Encompass to boost Closing Ratio and Profitability’. We publish some excerpts from the eBook here. If you want to access the full content, Read more

Low interest rates over the past few months have ensured good loan volumes. If lenders want to benefit from these volumes, they should be able to convert these volumes to funded loans. Low closure ratios will  only affect them adversely, as this will keep adding to their fixed  costs. Read more

According to the latest weekly survey data published by the Mortgage  Bankers Association, the homebuying has increased by 8% and refinance by  43% from the last week, a 109% rise from the same week the previous  year. Joel Kahn, Associate Vice President of Economic and Industry  Forecasting, also mentioned that the mortgage market has been strong in  2020 with 30-year fixed mortgage rates hitting its lowest since  September 2019. Read more