The latest stimulus bill passed by Congress allocates $284 billion to small businesses through the Paycheck Protection Program (PPP). This new legislation is said to have tighter requirements with more relaxed tax regulations. PPP round two reopens the program for first-time borrowers provides better flexibility for spending PPP funds, and, under certain conditions, allows prior …
With lenders looking to cope with the massive influx of volume, many chose to invest in innovative back-office technologies rather than increase human capital spending. With Loan Vision’s automation abilities, finance departments are able to better utilize their time providing detailed financial analysis to executives without hiring extra hands
As we all know, the one constant in the mortgage business is change. This past year has been no different, with volumes pushing operations to the limit. How has your accounting department been impacted? The need for accurate financials has always been important, but if management is waiting 30+ days to evaluate the performance of …
While interest rate lock commitment (IRLC) protects customers from market risk, it exposes the mortgage lender to that very same risk. Because of this, mortgage lenders need to have a firm understanding of how changing rates affect the IRLC and how to properly determine the fair value of the IRLC. Dr. Andy Schell, the Profit …
The Mortgage Lender’s Guide to Hedging, Fair Value, Market Value, and the IRLC Read More »
