Silver Linings in Lending from COVID 19
There have been many virtual conferences these days on how COVID has negatively affected the lending business. From forbearances, to defaulting borrowers, to changing foreclosure regulations –We need some good news already. Yes! That is our focus at The Mortgage Office. We talk to lenders of all shapes and sizes and our customers have been powering through these changing times and coming out on top. As a top business Advisor, Nate has helped 100s of lenders navigate these different times, and similar consistent silver linings have helped so many lenders not only survive, but thrive through COVID.
- Exit left stage, Pseudo Brokers. Warehouse lines are harder to find and the old school accredited investor is back front and center
- The housing market – Stronger than ever when it comes to fix and flip, rentals, and ground up construction
- Housing shifts from cities to suburbs
- New States are becoming popular lending grounds as the above Exodus continues
- New HMDA 2020 laws – not so much as a result of COVID but very good!
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The Mortgage Office is the most powerful, flexible, and easy to use loan origination and loan servicing system on the planet. It’s designed for lenders of all sizes – from small regional shops, to large nationwide lenders. Customers include Lima One, RCN, Boomerang Capital and Owning, among others. It can handle all aspects of the loan process – from the borrower disclosures and statements, to investor reporting and ACH deposits, to Mortgage Pool Distributions and reporting. System highlights include online loan applications, text alerts, e-signatures, borrower/investor portal, online payments, and hundreds of other features. The Mortgage Office is truly Your Ultimate Lending Platform.