Payment history used to be the main factor for credit scores. Today, the introduction of the UltraFICO creates a score that also includes assets and income. This could put homeownership within reach for more of your clients. Limited Customers With close to 80 million Americans scoring below 680 for their FICO scores and 50 million … Continue reading New Breed of Credit Score Aims to Open Doors to New Homebuyers ...
It’s no surprise that people from every industry, including real estate and finance, are worried about automation. While there are plenty of popular technological solutions that can help mortgage originators perform better, we are a long way off from having automation take the industry over. While homebuyers can now make an application online, each needs … Continue reading Why Mortgage Originators Should Embrace, Not Fear Automation ...
In a world where FOMO rules it’s hard for millennials to ignore the call of the high life. This can interfere with their ability to qualify for a mortgage, which cuts into your prospective buyers. If you can help teach prospective buyers that keeping on top of finances is a skill best learned early, you … Continue reading 10 Ways You Can Help Young Prospective Buyers Get Their Finances in Order ...