For a quick, accurate property valuation, more and more mortgage brokers are turning to automated valuation models, or AVMs, for readily accessible data to help confirm application information before referring clients to lenders. However, does an AVM replace the need for an appraisal? It’s not a cut and dry, this-or-that answer. Each situation is unique, and your decision to use Continue Reading
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Mortgage technology continues to improve the competitive broker business by making it more efficient. Everything from paperless, mobile offices to automated valuation models work to confirm application information. However, as technology advances, making more financial transactions easier for consumers to do themselves online, will the mortgage broker eventually become irrelevant? The debate does exist! While some claim this is inevitable Continue Reading
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