With housing affordability at an all-time low, many would-be homebuyers are struggling to participate in today’s market. Adding a down payment assistance program to your mortgage lending toolkit could help open the doors to homeownership for your customers.

For banks looking to mortgage lending as an avenue for growth, staffing must be a key consideration. Our latest blog explores why adequately staffing — and training — your mortgage division is critical to efficient, profitable mortgage operations and outlines a recommended structure to support residential lending.

With so many product options in today’s mortgage market, it may be tempting to attract borrowers by taking a wide-net approach to product offerings. But, setting up and maintaining unique mortgage products requires significant investments in time, resources and expertise. What should you consider when evaluating mortgage products to find those meeting the needs of your borrowers and communities?

With increased competition from FinTechs, big tech and megabanks expected over the next decade, how can community-focused financial institutions remain competitive? Offering borrowers a digital mortgage experience rooted in local service and values can be a key differentiator.

With nearly 35-million people having quit their jobs as part the “Great Resignation,” community banks find themselves not only competing for mortgage business but also top talent. Managed services provide community banks with a viable alternative to talent acquisition, ensuring they can continue to serve their communities and create increased access to homeownership.

The mortgage refinance boom may be over, but 2022 is on track to be one of the largest purchase markets in history. When done efficiently, residential lending can be a game-changer for community banks. Are you ready to compliantly take advantage of the current market? In their latest blog, Promontory MortgagePath helps you navigate NMLS licensing registration requirements to get started.

M&A can be tricky when it comes to integrating systems and staff — between 70 and 90 percent of acquisitions fail, with integration issues being a key cause. For banks on both sides of the acquisition, this unwanted issue can be avoided, in part, by including managed services in their M&A strategy.

Katz is now leading an initiative at Promontory MortgagePath to support community development financial institutions and minority depository institutions in their efforts to expand homeownership in underserved communities ...

In a world where free two-day shipping is standard, the expectation for “one-click” solutions has become the norm in nearly every industry. These days, people and companies frequently expect a quick, easy, painless and cheap solution to their problem.

Changes to the Qualified Mortgage Rule Are Coming; Be Prepared With origination volumes skyrocketing due to historically low interest rates, it would be an understatement to say