The Lending Update: Experts Weigh in on Today’s Mortgage Trends

by Chicago Agent


There’s a lot happening in the lending industry this quarter: TRID and widespread speculation on interest rate movement have left everyone with more questions than answers. In the name of transparency and consumer protection, agents face new timelines for buyers and sellers, tighter documentation rules and stricter underwriting standards, which will all affect how agents coach their clients through closings.

To shed some light on what agents can expect and how to prepare themselves (and their clients), Chicago Agent asked lending experts for their thoughts on where the industry is headed and how agents should educate their clients.

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