AI Production, Product Launch, Processing Tools; Webcasts; Lender M&A; LO Tips

LOs tell me that they are counseling potential borrowers. “If you’re in the market for a home, focus on the things you can control. Save for your down payment which can be less than 20 percent, but the more you can put down, the less you have to borrow and the lower your monthly payments. Consider your priorities. Can you live further from the city and save a little money? Do you need a fourth bedroom or will three do for now? Understand clearly your ‘wants’ and ‘needs’ and be ready to compromise. Shop around for your mortgage. Don’t just go to your primary bank or get a loan from the credit union your real estate agent recommends. Do the legwork to search for the best mortgage rate you can qualify for. Lower rates aren’t going to fix everything, but it never hurts to get one as low as possible.” (Today’s podcast can be found here. This week’s ‘casts are sponsored by JazzX, the first true end-to-end AI platform built for mortgage. From application to close, JazzX is a new operating model that helps you scale growth, boost productivity, and transform how your team performs. Today’s has an interview with NonQMVerifi’s Danny Flucke on how lenders can make faster, better-supported underwriting decisions without relying on hard-to-obtain CPA letters for non-Agency borrowers.) Lender and Broker Software, Products, and Services Affordability pressure doesn't disappear when the loan closes. It comes back later as repurchase risk. Your borrowers are stretched, leaving less room for errors in the file. Truework, a Checkr company, verifies income, employment, and assets before you close, replacing error-prone processes with fast, automated reports pulled directly from sources. Lenders see up to 50 percent cost savings on verifications, with faster turn times and higher accuracy. Learn more.