As home purchases rise and competition heats up, lenders have to start thinking creatively to stay in the game. With technology continuing to become part of our everyday lives, lenders are finding new ways to take advantage of the technology that is available in the market. After long discussions and plenty of research, we have gathered 4 steps that will help lenders shorten the time to close the loan, estimated 10-15 days. 1. Speed up the process by offering a self service o

What is a rapid rescore? Simple! It’s a rapid process where some lenders and brokers help fix the errors and boosts your credit score to the credit bureaus. A rapid rescore is a 2 step process. First, the mortgage lenders must verify and update the information, then your credit report is submitted to the credit bureaus. Although the process may only be 2 steps; it can take up to a full 30-day billing cycle from the time the corrective action is taken to the time it is reporte