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How to Leverage Green Solutions to Drive Mortgage Origination

Submitted by Brian Barnett on September 15, 2020

Green energy incentives are financial rebates or rewards from the U.S. government or a local utility company designed to encourage property owners to incorporate energy-efficient products, water-conserving, renewable products, materials, or measures into their home or commercial building renovation projects or use them in new construction. The incentives take various forms. There are tax credits, rebates, tax deductions, grants, subsidy programs, and more. Examples of eligible upgrades include solar, geothermal, and fuel cells, certain types of insulation and roofing materials, and exterior windows with specific energy efficiency ratings.  

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Does Your Force-placed CPI Meet Your Member Goals?

Submitted by Bill Jones on August 31, 2020

Credit Unions as member-owned cooperatives have always kept their focus where it should be: their members. Credit Unions constantly make sure everything that is done is member friendly and that members know they are part of the family. More and more credit unions are re-evaluating internal programs to make sure they live up to the goals they set concerning member relationships. One product receiving a lot of attention is Collateral Protection Insurance (CPI or Force-Placed insurance) with outsourced tracking. 

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Credit Default Insurance for your Home Equity Lending Program

Submitted by Blaine Moricle on August 14, 2020

Home equity lending has been a staple of community banks and credit unions for many years, having been a valuable source of funds for life events for families across generations. These loans are offered in varying loan types, whether open-end HELOCs or fixed-term loans, with different guidelines around credit scores, debt-to-income ratios, and combined loan-to-values (CLTVs). The exact loan types and guidelines offered are determined by the lender’s risk tolerance for the product. One of the most challenging aspects of structuring a home equity program is identifying your maximum combined loan-to-value limit. Utilizing a credit default insurance program can make that decision easier. 

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A Custom Approach to Mortgage Portfolio Solutions

Submitted by Allen Moss on July 31, 2020

In every town, city, and state across our country community lenders play a vital part in the mortgage economy. Their pivotal role has been highlighted yet again in 2020 as they help families and businesses face the unique challenges this year has presented to all Americans. While they exist in every community, no two community lenders are the same. For that reason, no two mortgage portfolios are exactly alike. 

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How Lenders can Improve Efficiencies in Times of Doubt

Submitted by Jim Perry on July 15, 2020

In late 2019, community lenders had no idea what kind of challenges they would face during the upcoming year. While many lenders set their budgets for upcoming years in the fourth quarter, it was impossible to predict the current environment that we would be in today. As the novel coronavirus swept through the news and the United States, financial institutions took (and continue to take) a vital role in maintaining the wellbeing of Americans.

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Massive Mortgage Loan Volume Affects Loan Servicing Operations

Submitted by Blaine Moricle on June 30, 2020

If you are in the mortgage lending business, not only have you been dealing with all the issues related to the COVID-19 pandemic, but many of you have been dealing with record loan volumes as well. While purchases have been scattered about, borrowers looking to refinance during these historic low rates have been applying in droves. Fannie Mae recently announced they expected $1.5 trillion in refinances in 2020. This would represent a 51% increase from 2019.

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