What color of front door “sells” the best? Some say black, although in a related topic red is the most popular. Doesn’t that mean red sells the best if there are more red front doors? Statistics are interesting things. LOs everywhere tell me that the deals are harder, and as an indication of both statistics and harder deals, a report by the Consumer Financial Protection Bureau (CFPB) revealed that 11 percent of Americans have a "thin or stale" score file, and therefore it's impossible to generate a current, valid credit score for them. Another 11 percent are considered to be "credit invisible," meaning that they don't have a credit file with any of the three major credit bureaus. That's a total of 22 percent of the adult population of the United States, around 50 million, that doesn't have a credit score at all. As an investor or a lender, and one of these adults wants to buy a home, even with meager inventory of “for sale” homes, do you have a product for it? (Today’s podcast can be found here and this week’s is sponsored by PHH Mortgage. For over 30 years, PHH Mortgage has provided industry-leading mortgage services and helped countless homebuyers and homeowners find financing solutions to meet their needs. Hear an interview with PHH Mortgage’s Chris Sabbe that provides a wide-ranging subservicing overview.) Lender and Broker Software and Services Are you looking to Sell your mortgage company but are worried about tail R&W risk? Blue Water’s insured QC process is built for this*. If you are looking to mitigate buybacks, underwriting costs, streamline your business and/or exit your business, Blue Water’s fully customized rule set is completely digital and fast. Worried about operations costs? Take your capacity from 2 loans per file per day to 10! Whether you are making agency or Non-QM, Blue Water can help you save money, digitize your process, manage loan quality, transfer files, and reduce repurchase risk. What’s more? Blue Water’s technology is insured by certain underwriters at Lloyds of London*. Connect with our Sales Team at Sales@bluewater-fintech.com now. (*)Policy Summary & pricing available on request. Blue Water is not an insurance provider, broker, or underwriter. Services offered by Blue Water Financial Technologies Services, LLC a Minnesota based limited liability company.*