ABT Blog

As a passionate mortgage professional, you are constantly striving to improve your job performance and gain new, innovative knowledge about your field. This is necessary, considering the competitive nature of the mortgage industry. But what are some tactics and tips available to enable this continuous growth and development? How can you separate yourself from the pack to become a truly superior mortgage loan officer, one that excels in productivity and leaves every customer satisfied?

You may know a bit about TRID and what it means for the mortgage industry, but how much do you really know? We've found a few things that everyone should know about it. Let's start with a few basics for better understanding TRID.

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) authorized the consumer protection bureau known familiarly as the CFPB. The CFPB was born as a result of the financial abuses that led to the Great Recession of 2007-2008. There are early signs that the consumer protection agency is on the congressional radar for some tinkering, if not outright repeal, so this seems a good time to review the history of the CFPB and what the future holds.

The success of a mortgage lender directly correlates to the success of their marketing strategy. Every mortgage officer knows how to secure and close a loan, but effective marketing keeps new clients coming in. While many traditional methods still work, consider adding other marketing methods to your repertoire to help secure new leads and further the success of your mortgage business.

Developing and maintaining a high level of workforce productivity is imperative to the long-term success of your mortgage business. However, in order to achieve this, your loan officers need access to the right technological tools.

As a mortgage lender, you are always looking for new ways to increase productivity, generate new leads, and improve the efficiency and success of your business. Fortunately, with the right tools and the right mindset, you and your team of loan officers can make great strides towards those goals in 2017.

One of the most important reasons for any mortgage business to make changes in the way it uses software is to increase the productivity of their workforce. The key, though, is finding a software solution that doesn't get in the user's way. The more flexibility a platform offers in accessing information, carrying out tasks, and securely collaborating, the more your mortgage employees can get done. ABT's cloud software makes all these things possible.

The mortgage industry has become increasingly vulnerable to outsiders accessing consumer protected information. A data breach can result in costs to the business for recovering information and adopting higher security protocols. It may also result in lost customer relationships and damage to the business’s reputation.

In order to apply for a mortgage, borrowers must turn over some very personal information. So it comes as no surprise that many borrowers are concerned with the security of their mortgage lenders’ networks.