“We are committed to providing our broker and correspondent partners with solutions to help better serve their borrowers and grow their business,” said Greg Austin, EVP of Carrington Mortgage Services. “By implementing LoanScorecard’s technology in our IQual AUS tool, our broker and correspondent partners can quickly and confidently inform potential borrowers of automated loan approvals through an easy-to-use solution to help them select the best Carrington non-agency loan product for their customers.”Lender reports a 62-basis-point reduction in loan-level pricing adjustments for qualifying transactions and removes an 80% LTV restriction as alternative credit scoring gains traction
CrossCountry Mortgage is reporting an estimated $2,500 in average borrower savings from its adoption of VantageScore 4.0, adding to a growing body of lender-reported results showing how competition between credit scoring models is translating into lower loan costs.The Clevel...
After years of chasing production numbers, one mortgage sales veteran learned that closing deals means little if you lose the trust of the people behind them
"Listen, your credit is crap. If you don't want the deal, move on."I said that to a borrower once. Word for word. The part that bothers me now isn't just what I said. It's that I didn't think about him again. He walked out, and I went right back to work.Early in my career, I...
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