Lunch & Learn: The State of Housing

As housing supply dwindles, affordability concerns grow while competition heats up the market. This Lunch & Learn will examine the current state of housing, featuring experts who have an eye on the market.

HousingWire Annual Virtual Summit

Join us on October 25 for a chance to see a handpicked selection of sessions from HousingWire Annual along with technology demos from the most innovative tech companies! Register now for FREE to experience HW Annual just like you were there.

How credit scores impact lenders’ pipelines in a purchase market

When a lender works with a borrower to improve their credit score, they are able to offer the most competitive rate and terms. Learn more here!

Volly’s Grant Moon on challenges facing veterans

In this episode of HousingNews, we are joined by Grant Moon who discusses the difficulties veterans face during the home-buying process and misconceptions about VA loans.

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How student lending can benefit non-bank lenders

Student loans can help non-bank mortgage lenders stay relevant with their customers

Over the last several years, non-bank mortgage originators have established a much larger market share. Additionally, non-bank servicers have more than doubled their ownership of servicing rights in the last 10 years. This gives non-bank lenders and servicers significantly greater access to more consumers and provides an opportunity for student lending to make an impact. 

More than ever, non-bank mortgage lenders are looking for stickiness with their customers after their initial origination – and student loans are a great opportunity for this. Student loans can be offered over 4-5 years of matriculation, even on through graduate school, and there remains a large market these days for student loan refinance. Either of those products can help non-bank mortgage lenders stay relevant with their customers after their initial product. 

There’s a lot of seasoning behind student loans, and the loans perform extremely well. Additionally, the application process for students has become seamless and digitized. 

CampusDoor has developed the leading platform for originating student loans, and for the non-bank mortgage lenders coming onboard, the process is very established. Lenders using CampusDoor’s platform can join the marketplace in as little as 30-45 days. 

While the industry prepares for the refinance boom to come to an end, there’s pressure for rates to move upward, which will pull production back. As volumes begin to drop and margins begin to compress, originators are looking for a way to expand their product offerings. Student lending offers an entryway into consumer finance that non-bank originators have not had access to historically.

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3d rendering of a row of luxury townhouses along a street

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