Dataman Group offers many different Refinance Prospect Lists. This enables Mortgage Marketers to reach different market segments with different offers, customized specifically for them. Direct mail continues to be a high-response medium for these offers.
5.9 million home owners refinanced last year. Did you know that 953,000 of them took out their initial mortgage in 2018?
Low rates are making it very attractive to refinance. All you need to do is get your message in front of the right people.
New research from the mortgage data firm Black Knight estimates that 18 million mortgage holders are good refinance candidates. Altogether, they could save $3.95 billion a month by swapping out their home loans.
A study from LendingTree early this spring said home loans taken out in 2020 were saving consumers $60 a month for every $100,000 borrowed. This is compared to mortgages from the first months of 2019.
Overall mortgage applications rose 9.3% in the week ending June 5. According to the Mortgage Bankers Association, this was led by an 11% jump in homeowner requests for refinance loans.
A new report by mortgage data firm Black Knight shows that more than 2.3 million refinance loans were processed during April-June 2020. This resulted in the biggest refinancing quarter in the last 17 years. Additionally, refinance originations rose by more than 200% in Q2. This is compared to the same period in 2019. Originations also increased by 60% relative to the first quarter of 2020.