At its core, FastTrack is a versatile bundle of settlement services, offering lenders the flexibility to tailor the suite to their specific needs. The bundle includes various products meticulously designed to expedite the underwriting process.

Looking forward, the 2024 forecast indicates a continued strong demand for these financial instruments especially with the anticipated interest rate cuts expected from the Fed.

Mortgage lenders heavily rely on external vendors to facilitate essential services within the lending process. Ensuring these vendors adhere to regulations, uphold quality standards, and mitigate risks is not just a choice—it's a necessity for sustainable business growth.

Businesses are dedicating a significant amount of money and resources to determine how AI can save them time and operating costs. We decided to take a close look at the impact AI is having on the mortgage and real estate industries in the U.S. — and what will the future look like?

The mortgage lending landscape is ever-changing, with challenges and opportunities emerging at a rapid pace. Staying at the forefront of industry trends, networking with peers, and discovering innovative solutions are all crucial elements of success. That's why we are happy to announce that New Vista Solutions will be attending the 2023 MBA Annual Convention & Expo, taking place in Philadelphia.

The mortgage settlement sector is witnessing a notable shift marked by long-term commitments, high prices, annual fees, and minimum purchases in vendor agreements. Mortgage lenders are urged to reconsider these agreements due to their potential impact on profitability. This article discusses the significance of reviewing vendor agreements.

New Vista Solutions is gearing up to make a significant impact at Sync1 Systems’ Lendtopia 2023 Conference, scheduled to take place in Austin, Texas from September 12 to 15, 2023. As a prominent leader in the mortgage settlement industry, New Vista Solutions is poised to reveal their plans for integrating their state-of-the-art mortgage settlement marketplace with the Sync1 Systems Loan Origination System (LOS).

The COVID lockdown and Work-From-Home phenomenon have both put stress on the commercial building and lending markets. There is talk of there being roughly 1 billion square feet of empty office space in the United States alone, and this has made both commercial property owners and lenders nervous. Some commercial property owners are even converting their properties to other uses such as apartments and condominiums to generate income and avoid foreclosure.

It’s hard to believe that only 30 years or so ago, the Internet was relatively new to the general public. Back then, we were using dial-up modems and desktop computers running 100 megahertz processors, and the world was opening up to us through our keyboards. Little did we know then how technology would explode and allow us to do things that we couldn’t even begin to wrap our minds around.

Commercial real estate has been a cornerstone of the American economy for decades, providing stable income streams for investors and landlords alike. Recent trends, however, suggest that commercial property valuations are declining across the U.S. This is attributed to a variety of factors, including the pandemic, changes in consumer behavior and rising interest rates.

The completion and turn-times for appraisals, evaluations, and property condition reports continue to be an on-going challenge for the mortgage lending industry.

2021 was a big year for new home loans and refinance lending. Lenders faced many challenges in closing these loans with the shortage of appraisers, agents, and brokers available to complete appraisals, evaluations, and property condition reports.

New Vista Solutions, a leading aggregator of settlement services for residential and commercial mortgage lenders, continued to expand its lender footprint in 2021 and expects to maintain that momentum in 2022. New product development is being driven by innovation and diversification as mortgage lenders face new challenges in a post-pandemic economy.

On this Earth Day, we as a country reflect on what we can all do to recycle, reduce water and fossil fuel consumption, and incorporate green energy into our daily lives in order to combat climate change and reduce our carbon footprint.

As the nation’s economy begins what appears to be a robust recovery from a pandemic-related collapse in 2020, low interest rates continue to fuel the real estate market and all that comes with that — including mortgage loan applications. Consumers are buying homes, refinancing existing mortgages and tapping into equity to pay for renovation projects.