True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Logan Mohtashami talks jobs report, mortgage forbearance

Lead Analyst Logan Mohtashami discusses his recent article on the latest jobs report and the most likely impact on the housing market and mortgage forbearance.

UWM has a plan to win a war of mortgage attrition

UWM's margins will fall all the way down to 75 to 110 bps. Mat Ishbia says it's the perfect environment to prove that his mortgage firm is truly elite.

Lunch & Learn about underserved markets and affordable housing

Experts in this discussion will focus on how the mortgage industry is working to right previous wrongs and champion a housing market that serves all.

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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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