Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

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How digitizing the lending experience can optimize margins

For the past few years, players in the mortgage industry have put an emphasis on improving the borrower experience. Now, as lenders anticipate tighter margins in 2022 in addition to an already-competitive lending environment, providing an optimal lending experience is key to their success. 

In light of that, HousingWire Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Network Funding, LP Head of Product Nicholas Ripple, BeSmartee CEO and Co-founder, Tim Nguyen and First American Docutech President Amy Brandt, to learn how POS software plays a role in improving the customer experience.

Both Ripple and Nguyen referenced 2016 as the “gamechanger” years that shifted focus to the customer experience.

“POS was all the rage,” Ripple said. “For us, the way we solve the problem is really simple. We try to automate everything. Less keystrokes, less clicks of the mouse, shorter consumer experience, less work for the consumer. Easier, faster and more transparent is really what it’s all about for us.”

And for all three companies represented, the goal of simplifying the lending process isn’t limited to making it easier for borrowers. Loan officers, other vendors and the multiple parties involved in the mortgage journey benefit from a unified process. 

“To the extent that you can unify that in a single UI and make it easier, that’s for the best,” Brandt said. “So at Docutech, where we create documents, we’re also creating a unified digital experience across those different systems.”

When asked what he would say to a lender who hasn’t yet digitized the application process, Nguyen’s answer was simple:

“If you don’t have a POS get a POS. If you have a POS, challenge it, consider what it can actually do for you.”

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