EXPwholesale: By Brokers, For Brokers

Wholesale brokers have unique needs. And who better to understand those needs than other Wholesale brokers? Seems logical to us. So when we set out to design the ultimate Wholesale tool, we made sure brokers were a part of the conversation from the beginning. Combining their real-world knowledge with intelligent user experience and forward-looking tech…

Wholesale Lending: Our Philosophy of Service at Pacific Union

At Pacific Union Financial, we respect the fundamental needs of Wholesale brokers. The unique challenges of the field require unique solutions. Some are common sense. Some require more work on our end so there is less work on yours. As our founder and President, Evan Stone, explains in this video — all of them are…

EXPwholesale: Top-Tier Tech for Brokers

Historically, mortgage technology hasn’t been very, well…technological. There are multiple aspects of the mortgage process that have always generated a great deal of paperwork, and online systems have been kludged together on top of that legacy. But at Pacific Union Financial, we’re not interested in “we’ve always done it that way.” We’re interested in doing…

4 Tips to Market to Multicultural Homebuyers

The United States is a massive country with more than 320 million people living within its borders – and we’re a land of different ethnic, religious, and cultural backgrounds. For instance, did you know that there are 500 languages spoken in the U.S.? In fact, eight of those languages have more 1+ million speakers: English,…

How Government Discord Affects the Mortgage Market

2018 has involved multiple disagreements in Congress leading to two different government shutdowns. A government shutdown literally means that most of the federal government cannot operate due to the inability to pay salaries and bills. Federal employees are furloughed to cut costs and only the essential functions of government are funded in the interim. A…

Why are Defective Loans Increasing?

A recent study offered by Aces Risk Management (ARMCO) revealed that defective mortgage loans are increasing nationwide. Defective mortgages speak directly to the quality of mortgages that are originated. Several factors are influencing this trend. First, let’s examine what a defective mortgage is, then consider the state of the current mortgage market. After that, we…

Accessible Mortgage Equity at an All-Time High

According to the Mortgage Monitor report generated by Black Knight, the amount of accessible equity is at an all-time high. More and more Americans are discovering that their homes have more value available within them. One of the biggest drivers of this home equity trend are appreciating property values across the United States. Home values have…

Female, Single Millennials Rising in Homeownership

According to a recent study released by Ellie Mae, more single females from the millennial generation are buying homes than single men. While most borrowers are married men, the single cohort offers what many may consider a surprising result. From the millennial generation, 60% of women that were listed as the primary borrower were single….

Credit Card Debt Could Be a Barrier to Owning a Home

According to a new study released by NerdWallet, credit card debt in the United States continues to increase. As of 2017, household credit card debt reached a balance of $15,654. Let’s compare the amount of money spent on credit card debt to a mortgage. Last year, Americans owed $8.74 trillion on their mortgages while owing…

FHA Increases Loan Limits for 2018

The Federal Housing Administration announced recently that they are increasing the FHA loan limits for 2018. FHA loans are originated by FHA-approved lenders and are insured by the FHA as part of the public mandate to assist Americans in purchasing a home. The 2018 increase affects nearly every area of the United States, more than…