The national average total closing costs for a purchase mortgage transaction were $4,661. This amount consists of a national average of 1.06% of the home sales price.
Here’s one last mortgage industry vibe check before the holidays. With just three and a half short weeks before break, Jim and Alayna give their take on the state of the mortgage industry.
For this week’s episode of the LodeStar Lending Leaders Podcast, Alayna talks with Robert Palmer, Marketing Manager at Byte Software, to discuss the importance of branding, rebranding, and core marketing principles.
Octavia can’t stand when the other loan officers refuse to implement time-saving automations.
Think about how Chat GPT-like technology could help us in the mortgage industry, especially with one of my favorite targets, the borrower experience.
For this week’s episode of LLL, Jim sits down with Babar Chaudhary, Founder of Mortgage Automation, to talk about one of the mortgage industry’s most overused buzzwords: automation.
One of the most straight-forward of states when it comes to LE and closing cost complexities, Maine assesses recording fees statewide, on a scale determined by the size (length in page count) of each security instrument (mortgage), conveyance instrument (deed), or other recordable sent to the county for recordation.
Unlike past down cycles, the focus for lenders—at least the ones we talked to—isn’t just keeping costs low until volume rebounds. It’s automation.
For this week’s episode of the LodeStar Lending Leaders Podcast, Alayna chats with Molly Elmore, Partner at Valhil Advisors and co-host of the new podcast Escape Velocity, about how Blockchain is changing the internet and the economy at large.