With refi volume expected to fall by 24.5 percent in 2020 and dip even further in 2021, lenders are telling me that they are putting plans in motion to lower overhead costs and maximize purchase business by earning customer referrals. One of the most direct, low-cost ways lenders can accomplish both of these objectives is by automating the borrower verification process. FormFree’s Passport 3-in-1 verification reporting delivers ROI from day one by shaving days off time to close and providing homebuyers with the modern experience they expect. If you’ll be at the MBA Independent Mortgage Bankers Conference next week, schedule a time to talk with my good friend Christy Moss about how Passport’s combined asset, income and employment reporting can help reach your goals in 2020 and beyond. Or catch the Passport demo Wednesday morning.
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