Close up of a mortgage application with a pen and key resting on top

Mortgage Applications on the Rise

For the eighth week in a row, the number of mortgage applications has steadily increased. In a June 10th report from trusted real estate and finance advocate, Mortgage Bankers Association, mortgage applications are currently up 9.3% from the week prior. Housing Demand Creates Higher Mortgage Applications The Market Composite Index, which measures the amount of mortgage loan […]

Why is it Difficult to Get a Mortgage or Home Loan During a Pandemic?

The mortgage industry has been completely changed by the coronavirus COVID-19 pandemic. Due to many, many people losing their main sources of income because of the whole world essentially grinding to a halt, almost 4 million mortgages are in forbearance. In this article, we’re going to discuss why it’s becoming more difficult by the day […]

Completely Contact-Free. E-Close Your Home Loan from Wherever You Are Social Distancing.

On Q Financial is proud to introduce our early-to-market E-Close. Our newest solution is answering a very real problem for consumers currently affected by COVID-19 stay-at-home orders. We’re projecting to hit a minimum of 35 E-Close loans within the next 2 months. If you’re interested in closing your new home purchase using our exclusive E-Close format, contact […]

Nationally Recognized Mortgage Lender, On Q Financial, Inc., Closes First Ever Completely Virtually

FOR IMMEDIATE RELEASE (Tempe, Ariz.) – Earlier today, On Q Financial, Inc., fully executed the lender’s first-ever entirely digital and remote closing. By leveraging the newest technology in remote online notarized solutions and two-way audio-video technology, On Q answered the call to provide enhanced digital experiences while social distancing. While On Q Financial has offered hybrid closings for years—combining online […]

The CFPB propose to eliminate DTI requirement impacting potential home buyers

The Consumer Financial Protection Bureau (CFPB) is backing the elimination of the debt-to-income (DTI) requirements in the mortgage process. Over the past few months, multiple large lenders including Bank of America, Quicken Loans, and Caliber Home Loans as well as the Mortgage Bankers Association (MBA) have called on the CFPB to remove the DTI requirement. […]

On Q Financial Commissions Progressive Mural to Illustrate Inclusion of Diversity

With a mission now 15 years in the making, On Q Financial is simplifying the mortgage process and making the dream of home ownership a reality.