Timothy Moreland is senior vice president at ATPR. ATPR provides technology based solutions for the real estate lending and settlement services industry. Tim can be reached at firstname.lastname@example.org
To some degree, the Millennial homebuyer market, especially the first-time homebuyer, must seem like the Holy Grail or a unicorn herd to mortgage lenders. It’s a large segment with an estimated purchasing power of about $200 billion. So what does this mean for those seeking to sell mortgage loans to Millennials?
The likelihood that we are facing yet another refinance volume spike in the wake of Brexit is a good news/bad news scenario for many mortgage lenders. Of course, any surge in orders means a surge in revenue, which is generally very good news. In order to ensure a positive outcome, stick to this advice.