Entries by Enact

Reflecting on the Past and Looking to the Future with National Homeownership Month

June is National Homeownership Month, a time to celebrate the benefits that homeownership brings to families, neighborhoods, and communities across America. What is National Homeownership Month? National Homeownership Month has gone through many iterations to get to where it is today. 1920’s: The concept for celebrating homeownership begins as a week-long celebration thanks to local […]

[New Loan Officer Series] How to Get Referrals

We’ve talked about how important referrals are and how thinking like a spider can help you tap into a variety of groups for consistent, fresh referrals. Thinking like a spider is your main concept for setting up your referral network, but what about actually asking for referrals? That’s what we’ll cover in this post. Why […]

Ask an RU: Contingent Liability Basics

You’re reviewing the loan file and notice a line item under liabilities that indicate John and Jane Smith are co-signers on their son’s car loan. What you’ve just uncovered is a contingent liability. No need to raise the alarm or stop the file – there are just a few things to know about contingent liabilities […]

[Ask an RU]: Demystifying Interested Party Contributions, Financing Concessions and Sales Concessions

Ever get confused over what the difference is between financing concessions and sales concessions? How about if it’s considered a seller contribution or a seller concession? What is an interested party contribution and what does it mean for the loan? These are just some of the questions the Regional Underwriting team frequently fields. In this […]