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With more than 82% of FHA loans going to first-time homebuyers, there’s now a great opportunity for lenders to engage with new customers. Since mortgage rates are projected to drop through 2025, lenders can offer FHA refinances that help first-time homeowners even more by getting them better loan terms.

Slow markets are frustrating. But if you’re just sitting around and waiting for volume and demand to pick up, you’re missing big opportunities.

With verification costs rising, it’s time to re-evaluate where your budget is actually going. What have other organizations found? Lots of money wasted on inaccurate income and employment data—outdated, incorrect, duplicate data. Possible? Yes. Eerie? Completely. Rein in your costs by focusing on getting accurate data.

What’s a scary realization when it comes to your teams’ time? Add up the hours they spend double (even triple) checking income numbers on a verification report to ensure everything is accurate. How many hours does it come out to? Get out of this never-ending time suck by arming your teams with tools that save time and provide peace of mind.

What’s spookier than the Halloween season? Calling employers one-by-one to verify employment, manually keeping track of who to follow up with, and an endless task list as volume picks up. Avoid this panic by leveraging automated outreach to scale your team’s capacity for any volume of loan applications.

You've been lied to, and it's not pretty. Coverage and hit rate are popularly touted as the success metrics for income verification, but they're not what matters most.

While borrowers look for affordable loans, costs to originate a mortgage loan necessitate leaner lending operations.