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The FICS advantage: Leveraging automation for smarter mortgage servicing in 2025

Housing Wire

Furthermore, servicers can leverage these relationships to approach consumers with value-added services including asset protection, insurance products, home improvement loans, and maintenance options. Revenue can also skyrocket, as well-trained staff with the right servicing software can service 700 or more loans individually.

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HUD awards more than $40M in housing counseling grants

Housing Wire

That round of funding included a specific provision to use a portion of the funds to train new HECM counselors. The vast majority of seniors indicate they want to utilize a reverse mortgage loan to cover the costs of aging in place—which might mean supporting their monthly income or funding home improvements and repairs.

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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

Evergreen topics might include: how to prepare to list your house, everything your client needs to know about VA loans; or which home improvements yield the best financial return in a home sale. Inman.com Timely real estate news, agent advice and training, tech trends and reviews, market trends, and more.

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With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

For lenders unfamiliar with reverse mortgage products, RMF makes it easy to get into the business with its technology platform, training, marketing assistance and industry-leading support. That is why we offer private and group training sessions and a library of on-demand instructional videos.

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How to gain a competitive edge through in-house servicing

Housing Wire

Well-trained staff using the right mortgage servicing software can service 700 or more loans per employee. When servicing is outsourced, lenders have no control over the quality of the communication and overall customer service delivered by the third-party provider.

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How retaining servicing provides a competitive advantage

Housing Wire

A well-trained servicing staff, equipped with the right software, can service 700 or more loans per employee. The servicer is then in a position to offer the borrower asset protection and other insurance products, home improvement loans and options for home maintenance to generate additional revenue and provide a positive customer experience.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

The company’s executives in August said they expect that the home improvement product, launched in May 2021 , will break even financially later this summer, becoming a “very effective customer acquisition channel at essentially zero cost,” according to Graham Fleming, president and interim CEO. “We Time and training.

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