by Frasco | Apr 24, 2024 | All Blog Posts, Mortgage Risk Mitigation Posts
Occupancy verification is a critical component in the mortgage process, protecting both lenders and the integrity of the real estate market. It’s a proactive measure that, when used appropriately, can significantly mitigate financial risk, and prevent fraud. This is a...
by Frasco | Jan 19, 2024 | All Blog Posts, Mortgage Risk Mitigation Posts
The Ins and Outs of Occupancy Verification: Why It Matters in Real Estate In the intricate world of real estate transactions, particularly within the mortgage landscape, occupancy verification emerges as a vital step that’s often overlooked. Yet, understanding...
by Frasco | Sep 21, 2023 | All Blog Posts, Mortgage Risk Mitigation Posts
Navigating the Mortgage Maze: Verifying Gig Jobs and Self-Employment As a mortgage lender, you face many obstacles in verifying income for self-employed and gig economy borrowers. The mortgage process is complicated enough for traditional employees with W-2s and...
by Frasco | Jun 27, 2023 | All Blog Posts, Mortgage Risk Mitigation Posts
June 27, 2023 | Written by Michael Famiglietti Foreclosure filings in the United States have increased 14% in the last year, according to a market report released in May from ATTOM. The data solutions company reported default notices, auctions or bank repossessions...
by Frasco | May 4, 2023 | All Blog Posts, Mortgage Risk Mitigation Posts
May 4, 2023 | Written by Michael Famiglietti As the COVID-19 public health emergency comes to an end in the United States, those suffering from financial hardship due to the pandemic have until the end of May to apply for a mortgage forbearance. Those with...
by Frasco | Mar 15, 2023 | All Blog Posts, Mortgage Risk Mitigation Posts
March 15, 2023 | Written by Michael Famiglietti In an effort to bolster mortgage loan applications, The Federal Housing Administration (FHA) announced it will reduce mortgage insurance premiums by 30 basis points in March. The move is expected to help more borrowers...
