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

Three Reasons Why Lenders Should Make SBA Part of Their 2024 Strategic Plan

The Small Business Administration (SBA) provides valuable programs that can boost a financial institution's capacity to assist business owners. The SBA 7(a) loan program is commonly employed to fund business acquisitions, debt refinancing, and for making improvements and covering working capital needs. Both borrowers and lenders can leverage this program to enhance liquidity, profitability, and manage risk effectively.

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3 Common Types of Mortgage Loans

Purchasing a home brings excitement, but dealing with the financial aspects may seem daunting. The reassuring news is that selecting from different loan types becomes more manageable with fundamental knowledge. Once you determine your affordable down payment and understand your credit score, discussing the ideal loan for your life with your lender becomes a more straightforward process.

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Who's Who in the Mortgage Process?

Embark on your homeownership journey encountering various mortgage and real estate experts—some in person, others via email or phone. Each plays a vital role in guiding you toward the entrance of your dream home.

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What Goes Into a Mortgage Payment?

Monthly mortgage payments involve more than a loan repayment. They encompass Principal, Interest, Taxes, and Insurance (PITI), shaping your financial commitment.

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5 Tips to Help Build Better Credit

Building a financially stable life is akin to constructing a house; a solid foundation, including good credit, facilitates loan qualification, favorable interest rates, and better credit terms. Follow these five tips to enhance your credit score effectively.

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Servion Title Salutes Our Troops: Military Discount for Home Transactions

Servion Title salutes our military with a year-round $100 discount on closing costs for home buyers, sellers, and refinancers. We'll guide you through the process with top-quality service. Thank you for your service, and welcome to Servion Title!

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The Servion Group's Partner Update - October 2023

We're excited to extend a warm welcome to our latest partners and to celebrate our existing partners who are broadening their offerings through Servion.

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Cost of Quality (COQ) in Mortgage Lending and Servicing

The mortgage industry, subject to strict regulations, relies on quality control processes to meet standards. Cost of Quality (COQ) principles aid in cost reduction and improved service quality. Mortgage Quality Control (QC) detects and prevents errors and non-compliance in loan origination and servicing. This article explores COQ and its application in mortgage quality control.

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A Survivor's Guide to Thriving in Today's Mortgage Business

Day 1 of the 2023 Servion Lending Conference featured speaker Sue Woodard, a seasoned mortgage industry expert. Sue's engaging presentation drew parallels between survival shows and the ever-changing landscape faced by mortgage professionals post-refinance boom. She stressed the importance of taking proactive steps for success, introducing the "Seven Essential Elements for Survival This Year (and Beyond)." Explore her insights for navigating the evolving lending industry.

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How Credit Unions Can Win the Battle for Business Deposits

At the 2023 Lending Conference, Von Hawthorne, COO at Tru Treasury, delivered insights on market dynamics, interest rates, and strategies for credit unions to excel in securing business deposits. This informative session aimed to equip attendees with a winning edge in the competitive world of lending.

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