Understanding Today’s Connected Borrower

Sign up for this webinar to learn how to transform the borrower journey from transaction to relationship and gain a significant lift in production in today’s digital lending environment.

The unique challenges facing minority first-time homebuyers

In this episode, we interview Timothy Demry, a real estate agent in San Francisco’s Bay Area, about his experience serving minority first-time homebuyers.

How modernized servicing creates customers for life

Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators.

Savvy lenders are already preparing for the next valley – Here’s how

Despite increased rate of tech adoption, the industry still has room for continued tech development and usage. Read here to learn more about key technologies that lenders need to give more attention to.

Politics & MoneyMagazine

Who’s on the hook when money disappears due to wire fraud?

(You might be surprised)

wire fraud

Wire fraud is a source of significant harm to financial institutions, with an estimated $1.77 billion stolen in 2019, according to the FBI. For mortgage companies, the vulnerabilities surrounding the closing table constitute an especially big risk. Excited and anxious about closing, borrowers are vulnerable to email scams from criminals posing as lenders or title companies, resulting in a financial disaster if they direct their banks to wire money to the wrong place.

So what happens after that devastating event? Is the borrower just out the money, or does the lender or title company bear some of the responsibility for the loss? It’s an important question that is still being worked out in the legal system, but several experts say financial companies and other parties in closing have more liability than they might imagine.

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