In these busy times, it may seem like you don’t have enough time to review each file thoroughly before you send it to your underwriter. However, spending the extra few minutes to review some key elements of your loan file can save you a significant amount of time later in back and forth with your […]
What is National Homeownership Month? June is National Homeownership Month, a time to celebrate the benefits that homeownership brings to families, neighborhoods, and communities across America. But this year, it looks significantly different than we all could have imagined. For many Americans, homeownership is at risk – homeowners who have lost their jobs due to […]
This post is part of a new series on the Genworth MI Blog: Ask a Regional Underwriter (Ask an RU for short!) Working for or owning a cannabis business has become a commonplace form of employment in the U.S. Why? Well, there is a high demand and it’s legal for medical or recreational purposes in […]
We’re in a unique situation….pipelines are full but given the coronavirus pandemic, we’re having to keep up with changes in the law, changes in business guidelines, and borrower inquiries. Using our days productively is now more critical than ever. If you feel like you’ve been stuck in a productivity rut recently or that you’re not […]
This post is part of a new series on the Genworth MI Blog: Ask a Regional Underwriter (Ask an RU for short!) Solar power is gaining momentum in the U.S., and we’re moving towards incorporating this cleaner, more efficient source in many areas of our lives, including our homes. Solar energy technology has come a […]
If you saw our recent post covering mortgage stats and homebuying trends from 2019, you may be wondering why it’s so important to know those overall trends like who’s buying houses. The reason to study these trends is to help you stay up to date with how buyers and sellers are behaving in the market. […]
We’re witnessing changing times in the American workforce. Currently, 3.7 million people work from home at least half the time. By 2020, experts estimate 50% of the workforce will be remote. A more pressing matter, the COVID-19 virus, has led to an acceleration of professionals working from home. With the self-quarantine and social distancing measures […]
In 2019, more than 2 million first-time homebuyers purchased homes, representing more than half of all purchase loans. For credit unions, helping members achieve homeownership is an important relationship building milestone. Credit unions have a long history of actively encouraging healthy savings behaviors in members, making them ideal partners on the journey to homeownership for […]
You may have heard by now that Congress has once again extended legislation ensuring the ongoing tax deductibility of mortgage insurance (MI) premiums for many Americans. This is great news for borrowers and mortgage originators. Why? As you know, MI is typically required – and most often the best option – for borrowers who want […]
In case you missed it, the 2019 Profile of Home Buyers and Sellers from the National Association of REALTORS® highlights many reasons why it’s a great time to be in mortgage origination. With so many changes happening in the mortgage industry, it’s easy to fall into the cycle of saying things aren’t going well, but […]