[Video] 3 key points to conquer lending in February
TRID, Millennials, refinancing
The latest 3 points with Mat Ishbia, CEO of United Wholesale Mortgage, gives three snippets of advice that most lenders are concerned about: Realtors and TRID, Millennials and Refinancing.
Here is a sneak peak of point number one.
1. Realtors and TRID
Ishbia starts out with the fact that 78% of Realtors said they have delayed a purchase agreement 30 to 60 days.
This presents an opportunity for lenders who are TRID ready. Ishbia said that 91% of Realtors said they would be willing to work with a new originator or broker if they would be able to close loans in 30 days or less or consistently hit the contact date.
“Make sure you’re marketing to Realtors. They’re paycheck getting delayed is not what they want,” said Ishbia.
Watch the video to see all three points.