article thumbnail

What is a borrower intelligence platform?

Housing Wire

Sometimes mistaken for a lead-generation tool or customer relationship management (CRM) platform — but only by the uninitiated — a BIP enhances, rather than replaces, a lender’s existing technology investments by putting data in the driver’s seat of every sales and marketing engagement.

article thumbnail

How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Have you been inspired by one of the numerous investment property television shows? If so, you are probably intrigued by the prospect of investing in rental property. Financing, knowing what kind of property to buy, and the many other steps are all part of a well-rounded investment plan. Kevin Vandenboss. Sepehr Niakan.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The surprising future of mortgage technology

Housing Wire

Almost all of the lender’s technology investment over the past few years has been focused on the Point of Sale (POS). While there has been some increase in borrower satisfaction and front-end efficiency, lenders have not recouped these investments in savings on manufacturing loan assets. This hasn’t worked out very well.

article thumbnail

10 Simple Steps to Purchase a Home in 2020

PennyMac

Your FICO score will impact which types of loans you qualify for, so getting your credit into great shape is an investment that can offer great returns. The Location: How close is the home to your job, schools, shopping, public transportation, and other important places you will need to visit frequently? Step 6: Make Your Offer.

article thumbnail

When Should You Downsize Your Home?

Assurance Financial

That can leave more money in your budget each month for things like groceries and mortgage payments, or you can save that money for a special trip or another investment. While city living tends to be more pricey than living in the suburbs, many save on transportation, utilities and maintenance costs in smaller city quarters.

article thumbnail

Ways to Save for a Down Payment

Assurance Financial

On top of carving out a large chunk of your paycheck for rent, you also likely have to pay for utilities, groceries, transportation, insurance and internet — not to mention the costs of treating yourself to luxuries like vacations and going out to eat. Remember, not all mortgage loans permit the use of gifts for a down payment.

article thumbnail

What’s Included in Closing Costs?

PennyMac

If you’re buying a second property (such as an investment property), sellers can contribute the same amounts for down payments above 10%. If you’re signing paper documents, they’ll need to be transported, and the courier fee will be what pays for that to be expedited. Speak to a Pennymac loan officer today to get started.