The Changing Mortgage Market to Home Equity Lending



The Changing Mortgage Market to Home Equity Lending and How Lenders are Enhancing their HE Processes

June 7, 2022 | 10:00 am - 11:15 am CST



Investment: 
Complimentary (bank members) | $120 per person (nonmembers)

Description:
2021 was a big year for new home loans and refinance lending. Lenders faced many challenges in closing these loans with the shortage of appraisers, agents, and brokers available to complete appraisals, evaluations, and property condition reports.  As the Federal Reserve Bank increases interest rates this year, borrowers will be turning away from refinances and look to home equity loans and HELOCs to borrow from. In fact, refinances comprised over 70% of the non-first mortgage loans and Home Equities comprised 28% in 2021, and it is expected that those numbers will flip heavily in favor of home equity loans in 2022.  

Lenders are developing competitive home equity processes to take advantage of these opportunities to streamline and close their home equity loans faster and look for new products to combat the on-going evaluation and appraisal challenges.  Taking advantage of the latest in technology as well as consolidating vendors and utilizing compliant, alternative products will be crucial in creating a competitive edge with the increase in home equity lending which is happening right now.  

Key Takeaways: 
  • The time is now for Home Equity Lending (market analysis) as Home Equity applications continue to ramp up with projections to not slow anytime soon
  • Lender Challenges: Service Levels, Costs, and efficient processes that do not allow for ramping up volume and focusing on closing loans
  • Updates on the latest technologies and product types as to how the vendor innovation is responded to service lenders with these challenges
Who Should Attend: 
  • All decision makers within the Home Equity department.  They will all be very aware of the challenges covered within this webinar.
  • Processors, loan officers will also closely identify with this discussion

Presented in partnership with 
    
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Presenter:
David Kasper, National Business Development Manager,  New Vista Solutions
David has been in the mortgage settlement industry for twelve years and has served in diverse roles from Operations Customer Support, Key Account Management, and Manager of the Indirect Sales Channel. Today David serves as the National Business Development Manager for New Vista Solutions and in his role, he is responsible for relationship management of the top accounts and the company go to market strategy for the Indirect Sales Channel.

Questions? Contact Patti Coles at Patti@Minnesota.Bank or (651) 789-3987. 

 

When
6/7/2022 10:00 AM - 11:15 AM
Where
Online

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