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…

Pacific Union Financial LLC Grows Warehouse Lines to $1.8 Billion

Pacific Union Adds Top Three National Banking Partner Pacific Union Financial LLC announced today it has partnered with a top three national bank to expand its warehouse lending capability to $1.8 billion. The extension of an additional $200 million helps fuel Pacific Union’s 2018 growth strategy, specifically with the company’s Wholesale, Correspondent and Non-Delegated channels….

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…

Pacific Union Financial, LLC Hires Wholesale Leader, Michael J. Royer

Pacific Union Financial, LLC named experienced Wholesale leader Michael Royer Executive Vice President of Wholesale Lending. Michael has more than two decades of mortgage experience and a strong background building Wholesale teams in the mortgage industry. “As Pacific Union makes strategic moves to build our Wholesale team, Michael Royer is the obvious choice to lead…

EXP: Because Things Don’t Have to Suck

Let’s be honest – no one is out there raving about online mortgage interfaces. While the retail and entertainment industries have constructed platforms that make it easy for people to understand and use, mortgage sites have been clunky, confusing, and quite frankly, a little bit ugly. But it doesn’t have to be that way. Things…

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…