Name: The Servion Group
Address: 500 Main Street, New Brighton, Minnesota, 55112, US
Telephone: 651-631-3111

News and Insight for Financial Institutions

Why The Human Element Is One Piece of the Residential Mortgage Industry That Isn’t Going Anywhere

In a world saturated by technology and automation, the human touch remains a crucial aspect of every industry, especially in the residential mortgage industry when individuals are making one of the biggest financial decisions of their lives.

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Top 10 Real Estate Terms Sellers Should Know

A little confused about real estate terminology? That’s okay. Understanding all the legalese is our job, not yours. But we still want you to feel confident during your home sale, so we’ve come up with easy-to-understand definitions for the top 10 real estate terms home sellers should know.

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Debunking Common Home Buying Myths: Making Informed Decisions

Buying a home is a significant milestone that many aspire to achieve. However, misconceptions and myths can cloud the home buying process, leading potential buyers to believe that certain barriers stand in their way. At The Servion Group, we believe in empowering individuals and partners with accurate information to make informed decisions. Here, we aim to debunk some common home buying myths, such as the belief that a 20% down payment is mandatory and that a perfect credit score is an absolute requirement.

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Evolve, Adapt, Thrive: Navigating the Lending Transformation - Lending Conference 2023

Join us as we unveil a transformative journey, guided by our theme: "Evolve, Adapt, Thrive: Navigating the Lending Transformation."

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Preventing and Detecting Bias in Appraisal Valuation Practices

Discrimination and bias in residential mortgage lending appraisal valuation practices undermine fairness and equal opportunity in the housing market. Appraisal bias can lead to unfair lending practices, resulting in disparities in access to homeownership and perpetuating socioeconomic inequalities. To combat this issue, lenders must take proactive measures to prevent and detect such bias. That’s why we’ve compiled actionable recommendations for you that can make a real difference in preventing and detecting bias in residential mortgage lending appraisal valuation practices.

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Education’s Role in Building Mortgage Business

In the dynamic world of mortgage lending, even though the purchase market is slow due to limited inventory, it remains an extremely competitive market to acquire and retain borrowers. This is where educating your borrower sets you apart and establishes you as a trusted advisor. At Servion Mortgage, we understand the importance of education and strive to assist your borrowers throughout the entire process.

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The Servion Group's Partner Update - July 2023

We are thrilled to welcome our newest partners and grow all relationships with existing ones.

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The Servion Group Wins Top Workplaces Awards

Earning a Top Workplaces award serves as a powerful validation of the efforts an organization invests in building a positive workplace culture. Such recognition demonstrates that the company values and prioritizes its employees' well-being, engagement, and growth. It reinforces the notion that the organization has succeeded in fostering an environment where employees thrive, making it an attractive place for talented individuals to join and stay committed.

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The Power of Leadership Values: Employee Growth and Organizational Success

Organizational values are often at the forefront of culture conversations, but what about the influence of individual leader’s values on employees and organizations?

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CARE: A Servion Mortgage servicing platform upgrade coming soon

For borrowers, managing a mortgage can often feel like a daunting task. There are payments to make, documents to keep track of, and various other financial obligations to meet. Fortunately, Servion Mortgage’s servicing department is converting to third-party vendor Sagent’s online mortgage servicing platform called Care, which aims to simplify this process for borrowers (and you as their lender).

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