Skip to main content

The Telephone Doctor: Things your customers never want to hear

National Mortgage Professional
Feb 27, 2007

Small percentage of brokers account for most early payment defaultsMortgagePress.comEarly mortgage payment defaults,statistics CoreLogic, a provider of mortgage risk assessment and fraud prevention solutions, has released findings from its broker management database that show that seven percent of brokers account for 63 percent of early payment defaults, with the riskiest 0.5 percent of brokers accounting for 70 percent of all losses. These most recent statistics illustrate the key link that brokers play in the risk management chain and why broker monitoring and management tools are critical to the financial prospects of wholesale originators. "These figures are based on predicted first year loss concentrations," said Mark Fleming, chief economist for CoreLogic. "While the first year is generally characterized by low rates of default and, in most cases, little loss, when losses do happen, they are big." For more information, visit
Feb 27, 2007
Guaranteed Rate Offers 2 Programs To Help Builders Sell Homes

Forward commitments and the Lock 'N' Sell rate-lock program can be used on both conventional and government loans.

Sales and Marketing
Feb 01, 2023
Guaranteed Rate Offers $8K To Help Underserved Buyers

Special Purpose Credit Program provides down-payment & closing-cost aid in 6 U.S. cities.

Sales and Marketing
Jan 30, 2023
The Trade Show Must Go On

Make lasting business connections on the road

Sales and Marketing
Jan 27, 2023
Better Launches One Day Mortgage For Commitment Letters

Says offering allows customers to go from application to commitment letter within 24 hours .

Sales and Marketing
Jan 26, 2023
UWM Announces Enhancement To TRAC Program

Adds two settlement agents to the program, allowing LOs to choose among three agents or seek to add their own.

Sales and Marketing
Jan 25, 2023
UWM Enhances Its Safe Check Program

Program now allows LOs to run a single or tri-merge soft credit check to pre-qualify borrowers

Sales and Marketing
Jan 19, 2023