Lenders should see 2024 as a chance to add market share as their competition remains complacent, with these trends guiding their planning.
We created this report based on a survey of 1,000 respondents to dig into the goals, challenges, intentions, and stories of single women home buyers. As a growing force in the marketplace, this segment will only become increasingly vital for mortgage lenders to understand and connect with in meaningful ways.
Dive into this comprehensive guide to learn how outsourcing your processing and underwriting can revolutionize your ability to thrive despite changing market conditions and well-funded competitors.
Like borrowers in general, Hispanic American home buyers are often deterred by convoluted processes and criteria related to the mortgage process. LEP simply veils transparency further. In the absence of customized support, these borrowers face additional barriers to entry that could be alleviated by dedicated resources.
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This week on the Clear to Close podcast, we have a special guest: Melissa Langdale, TMC President and COO and a career-long mortgage veteran. In this conversation, Melissa leverages her unique perspective on the market and insight gleaned from her interactions with lenders across the industry to provide actionable tips on how to drive revenue and capture market share in 2024.
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Lenders should see 2024 as a chance to add market share as their competition remains complacent, with these trends guiding their planning.
This week on the Clear to Close podcast, we have a special guest: Melissa Langdale, TMC President and COO and a career-long mortgage veteran. In this conversation, Melissa leverages her unique perspective on the market and insight gleaned from her interactions with lenders across the industry to provide actionable tips on how to drive revenue and capture market share in 2024.
Q3 brought continued challenges for home buyers. Despite 11 Fed rate hikes over the past year and a half, interest rates averaged 7.2% in Q3, up 21% year-over-year and 7% quarter-over-quarter. Still, the market showed signs of stabilization in Q3, with motivated borrower groups finding creative paths to homeownership despite adversity.
We created this report based on a survey of 1,000 respondents to dig into the goals, challenges, intentions, and stories of single women home buyers. As a growing force in the marketplace, this segment will only become increasingly vital for mortgage lenders to understand and connect with in meaningful ways.
Dive into this comprehensive guide to learn how outsourcing your processing and underwriting can revolutionize your ability to thrive despite changing market conditions and well-funded competitors.
Knock’s innovative lending solutions empower borrowers to reimagine the home buying and selling process. Products such as the Knock Bridge Loan, which alleviates the stress of a tight buying and selling timeline, give borrowers a strong advantage in today’s competitive market. To help power its offerings, Knock partners with Maxwell Fulfillment. By accessing Maxwell Fulfillment’s scalable, outsourced resources, Knock is able to increase its loan processing capacity without adding fixed costs, helping it better serve home buyers with its unique products.
Like borrowers in general, Hispanic American home buyers are often deterred by convoluted processes and criteria related to the mortgage process. LEP simply veils transparency further. In the absence of customized support, these borrowers face additional barriers to entry that could be alleviated by dedicated resources.
If you feel paralyzed by decision-making in today’s tough landscape, it’s time to double down on data. Not only will metrics-based insight help you move your business forward with confidence, but it will drive you towards opportunities your competitors may not see. In other words, access to data will be game-changing as the market moves towards a reset.
Just as the interest rate landscape is evolving, so is the profile of American home buyers. From single women and Spanish-speaking demographics to young and first-time buyers, historically underserved segments are finding ways to get on the property ladder. As a lender, now is your opportunity to connect with these audiences to create new funnels of borrower business and position yourself as a go-to resource for years to come.
We're incredibly excited to announce that Maxwell Co-founder & CTO Rutul Davé has been named a 2023 HousingWire Vanguard. An expert in machine learning, AI, data, and automation, Rutul co-founded Maxwell to develop state-of-the-art technology that helps lending teams eliminate costs, offset risk, and increase access to more diverse capital.
EXCLUSIVE DATA: Maxwell Q3 2023 Mortgage Lending Report | Get your free copy