How to gain a competitive edge through in-house servicing
Retaining mortgage servicing helps lenders build borrower trust and a bond where the servicer becomes a trusted advisor to homeowners.
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Retaining mortgage servicing helps lenders build borrower trust and a bond where the servicer becomes a trusted advisor to homeowners.
Mark Weber sends, “Can I take my 2.5 percent loan to another property? Remember the portable loan idea? When will we see real estate agents advertising, ‘This home for sale has an assumable FHA/VA loan!’?” Ask any LO (loan originator, or officer, depending on what you want the “O” to stand for) and they can tell you stories about lenders either fumbling the servicing handoff or a myriad of borrower woes. There is a good reason that it has become a lightning rod for CFPB examinations. J.D. Power released its U.S. Mortgage Servicer Satisfaction Study, wh...
Read our comprehensive review of United Wholesale Mortgage, the second largest lender in the US. UWM has remote closings and a variety of mortgages.
Mortgage servicing rights (MSRs) are valuable assets for mortgage lenders when origination business is slow.