AUSTIN, Texas, May 11, 2016 /PRNewswire/ — Open Mortgage, a nationwide mortgage lender, and partners LendingQB and International Document Services (IDS), Inc. successfully implemented a TRID-compliant Loan Origination System (LOS) in just 50 days, exceeding their own projections. “We knew that our implementation timeline was aggressive, wanting to both implement a new LOS and prepare for TRID within… Continue Reading Open Mortgage, LendingQB, and IDS Implement TRID-Compliant LOS in Just 50 Days
Reverse mortgages have had a negative perception until recently. The Federal Housing Administration has altered the program to the point that it can now be used as a financial planning tool and not just another loan product. It still does not negate the fact that so many misconceptions have been associated with HECM loans. However,… Continue Reading These are the Questions you can Ask to Calm your Fears About Reverse Mortgages
If you’re a retiree, you have probably heard talk of reverse mortgages. What exactly are they? What are the pros and cons? Is a reverse mortgage a good idea for you personally? Reverse mortgages are basically loans available to people over 62. Using your house as collateral, the lender gives you money to use during… Continue Reading Is a Reverse Mortgage Right for You?
A good Realtor® is sort of like your own personal Yoda—someone you can trust with your most pressing questions and biggest decisions, guiding you safely toward your destiny (of a brand new home!). But how do you choose the right Realtor when there are literally hundreds of options in your area? They say in California the… Continue Reading Should I Use my Friend or Family Member as My Realtor?
With mortgage rates averaging less than 5% for the past five years—and 2015 set to become year No. 6 in that trend—there’s never been a better time to carry a mortgage into retirement, right? Not so fast. While it’s an appealing idea to hold onto a predictable monthly mortgage payment and plow into retirement savings… Continue Reading With Rates so Low, Should You Pay Off Your Mortgage?
The U.S. housing market is on track for its best year since 2006. Home prices are up, foreclosures are down, boomerang buyers are re-entering the market, and millennials are finally—finally—moving out of their parents’ basements. Our long national nightmare appears to really be over. Bottom line: The housing crisis is beginning to feel like a… Continue Reading 5 Financial Lessons Learned from the Housing Crisis