The new technology streamlines workflow in the mortgage industry.
To help you best serve clients in these uncertain times, we consulted with three of the city’s top lenders to find out their expectations for 2021 and what changes caused by the pandemic are here to stay.
There’s no shortage of people borrowing money these days. The real challenge is matching up the right client with the right project, according to Gary Williams of Rothschild Capital Solutions.
“The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic.
The ad is part of their national brand campaign, Believe You Will, which encourages the power of positive thinking and believing you can accomplish your goals.
Shaughnessy Rice was named vice president of mortgage lending for Guaranteed Rate in Illinois and will be based in Champaign, according to a press release.
This means homebuyers will be able to borrow up to the new level without triggering higher interest rates.
Four months after mortgage lenders started to tighten their standards in reaction to COVID-19-related uncertainty, Chicagoland lenders say they have yet to see a dramatic slowdown.
Borrowing money can be a tricky undertaking for first-time homebuyers, but that’s long been the case in communities of color, where disparities in lending are a reality in the industry.
How has the latest drop in interest rates affected the businesses of Chicagoland brokers? Has their relationship changed with their most recommended lenders? These questions and more were answered by readers in our most recent survey.