May 4, 2021

How to Cut the Loan Origination Process in Half 

The loan origination process is time-consuming and costly for both lenders and borrowers. The booming real estate market, partially pushed by low-interest rates that also generate a demand for refinancing, creates even more reason for lenders to speed up the process while remaining compliant with regulations. Lenders that can do this efficiently will compete better…

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March 25, 2021

How To Increase Mortgage Applications on Your Website

New technologies like artificial intelligence (AI) create a user-friendly environment for customers and provide high-performance, behind-the-scenes data analytics for banks and credit unions. AI and other high-tech systems are able to handle the increasing volume of mortgage applications in ways that benefit both borrowers and lenders. Read on to learn about how you can attract…

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February 18, 2021

4 Trends and Opportunities for Lenders in 2021

As we move from an unprecedented year to one of unclear mortgage rates and lending requirements, many lenders will be looking for new opportunities to better meet their clients’ needs. Evaluating this year’s challenges and trends indicate that we are likely to notice an even greater shift toward digitalization. This means a comprehensive lending process…

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February 12, 2021

How To Get Your Borrower to a Clear To Close Faster

Homebuyers and lenders alike await receiving a clear to close status, meaning all loan documents have been approved by the underwriter and that any conditions required for the loan to be approved have been met, so that a closing date can be scheduled. The path to a clear to close is not always easy or…

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February 12, 2021

How Lenders Can Speed Up the Process of Gift Letters

Some borrowers may receive their down payment as a gift. While this is acceptable, it does require a gift letter from the person who gifts the funds. The gift letter is one of the important documents for the approval process. Lenders will need to ensure that the letter includes the necessary information to process it…

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January 21, 2021

Benefits of Pre-Conditional Approval: How To Streamline the Process

One of the first things that a real estate professional recommends to a potential home buyer is to obtain a pre-approval in order to demonstrate to the seller that the buyer is serious about their purchase. However, encouraging borrowers to obtain a pre-conditional approval instead may offer more advantages to the customer, the lender, and…

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December 21, 2020

Streamlining Your Explanation Letter With Technology

Streamlining Your Explanation Letter With Technology We are in the hottest housing market in 14 years, and lenders are under incredible pressure to process mortgage applications quickly. Low rates have more buyers entering the market, while the shrinking number of available homes is making each purchase more competitive. Houses are selling an average of two…

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December 15, 2020

Using AI for Your Credit Inquiry Letters

Using AI for Your Credit Inquiry Letters We are in the hottest housing market in a decade and a half. Between rising prices and low rates, buyers are jumping into the market. While this has increased demand for mortgages, lenders still need to make sure they are aware of the risks. Finding quick solutions to…

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December 1, 2020

Lendsmart Partners with Matic Insurance

NEW YORK, NY, Nov. 24, 2020— We are eager to announce that Lendsmart has partnered with Matic Insurance, a digital insurance agency, in order to offer banks and lenders Matic home insurance through the Lendsmart platform.  “It’s through our partnerships with home service providers, like Matic, that we can continue offering homebuyers one digital experience,…

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December 1, 2020

Lendsmart Announces Technology Initiative with Day 1 Certainty®

NEW YORK, NY, Nov. 24, 2020— Lendsmart is proud to announce it now offers Day 1 Certainty® on its platform, a step forward for its end-to-end solution that automates and digitizes lending and home buying operations for banks, credit unions and non-bank lenders. Day 1 Certainty is changing the mortgage industry with Lendsmart’s asset, income…

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