A&D Market Digest for Week of 4/15/24

A&D Digest is back with exciting news and updates designed to revolutionize your mortgage lending experience. In this episode, Nick Avgustinov, Director of IT at A&D Mortgage, shares insights into A&D Mortgage’s suite of innovative tools designed to streamline your workflow, strengthen client relationships, and reward your hard work. 

Key Highlights

• AIM (Artificial Intelligence in Mortgages) – enhanced Broker Portal powered by AI: intuitive design, improved pipeline management, seamless collaboration, automated workflows, boosted security infrastructure
• Leader – CRM system for mortgage brokers: effective management of client interactions, automated and scheduled email communications
• ADvantage Broker Loyalty Program: rewarding for commitment to A&D with exclusive benefits and merchandise
• A&D’s continued innovation: automated disclosures, enhanced collaboration tools, and a mobile-friendly portal
• A&D’s focus on Conventional lending: adding experienced account executives with established relationships to the A&D team
• Educational initiatives: an upcoming webinar on Conventional Mortgages for First-time Buyers and Affordable Homeownership

The launch of new tools begins on April 15th! AIM leads the charge, followed by the Loyalty Program and CRM in mid-May. Stay tuned for more details! 

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Mortgage News

• NMN — U.S. property taxes rose nearly 7% in 2023. Total single-family property taxes nearly doubled the rate at which they rose in 2023, increasing by 6.9% to $363.3 billion, according to data from 89.4 million homes analyzed by Attom. 
• Scotsman Guide – Untangle the Confusion. For many Americans, the dream of homeownership seems increasingly out of reach, compounded by a confluence of economic factors: soaring prices, fluctuating interest rates and a frustrating lack of inventory. Beneath the surface of these well-documented challenges lies a more insidious barrier: a pervasive lack of knowledge and understanding about the housing market. 
• NMP – Lower Interest Rates Do Not Always Help Affordability.  Interest rates are in the hot seat, with many in the industry holding the common belief that even a slight decrease in basis points will improve housing affordability. But housing affordability also depends on house prices, which have competing effects; when interest rates increase, house prices tend to decline.