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Identifying a Bad Deal – Addressing the Top 5 Reasons that Deals Fail to Close

Bad deals – the Achilles heel of most mortgage agents and brokers. You may take painstaking measures at the point of application to ask your client many questions to uncover bad deals – but some seem to always slip through. So how can you tighten your closure rates? What more can you do? Leverage technology to investigate your customer’s disclosure. Continue Reading

The Difference between a Property Appraisal and an Automated Valuation

Often times, when brokers and agents think about automated valuation, some think, “Why do I need that? My deals are either insured and if they’re not we look to a property appraisal to validate value.” This is issue number 1 – an automated valuation is not an appraisal. Automated valuations are a tool that lenders and insurers have started using Continue Reading

HPI Monthly Report: Home Prices Up 0.8% In May

In May the Teranet–National Bank National Composite House Price Index™ was up 0.8% from the previous month. This increase, though substantial in itself, was the fifth smallest for May in the 16 years covered by the index. The countrywide composite index rose to an all-time high, but only three of the 11 metropolitan markets surveyed did the same. Prices were Continue Reading