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Does Your Sales Strategy Need Spring Cleaning?

Orb Staff
Chris Backe on Apr 18, 2016

CLOSING TIME: By most accounts, 2016 should be a solid year for mortgage lending. The Mortgage Bankers Association is predicting the best year for purchase loans since the Great Recession, with volume projected at nearly $1 trillion. And yet, I [Read More]

UnHARPing: A New Opportunity For Mortgage Lenders?

Orb Staff
Peter G. Miller on Mar 28, 2016

Only about 10% of existing HARP borrowers have refinanced, according to Freddie Mac, so there are a lot more who could emerge as refinancing candidates.

Is It Time For Zero-Zero Mortgages?

Orb Staff
Peter G. Miller on Mar 23, 2016

BLOG VIEW: Mortgage lenders have traditionally wanted both an origination fee plus points when making a loan, but now there’s evidence that such charges are going the way of landlines and boom boxes. Research from Freddie Mac shows that points [Read More]

A Mortgage Insurer’s View Of Housing Affordability

Orb Staff
Tian Liu on Mar 21, 2016

BLOG VIEW: Because the private mortgage insurance industry plays a major role in helping first-time home buyers by lowering the down payment requirements, it has a unique view on the hurdles that first-time home buyers face. Private mortgage insurers have [Read More]

Bringing Automation To Asset Location And Verification

Orb Staff
Ravi Loganathan on Mar 16, 2016

BLOG VIEW: The mortgage industry continues to make significant strides toward innovation. Across the board, lenders and their various partners have automated several key processes in an effort to remain compliant, become more efficient, reduce costs and better serve the [Read More]

Change Is Good: Exploring New Uses For Existing Technologies

Orb Staff
Barry Hays on Mar 11, 2016

There are ways to build bridges between disparate systems to create an improved customer experience.

CFPB Goes After Marketplace Lenders

Patrick Barnard on Mar 08, 2016

“The CFPB’s objectives in taking these actions are questionable, since consumers already could complain about marketplace loans using the CFPB’s existing loan categories.”

When It Comes To Mortgage Compliance, Every Detail Counts

Orb Staff
John Walsh on Feb 24, 2016

BLOG VIEW: As compliance becomes more of a focus for lenders and servicers, they must review their business processes and policies to ensure they will not get slapped with any fines that could potentially damage their reputation or, worse yet, [Read More]

How The Foreclosure Crisis Impacted Homeownership

Orb Staff
Tian Liu on Feb 08, 2016

After nine years, the market is moving to the other side of the cycle. The foreclosure crisis is winding down, and with it, fewer homeowners will be forced into renting.

Why College Debt Looms Larger On Mortgage Applications

Orb Staff
Peter G. Miller on Feb 03, 2016

Millions of people are leaving college and technical or trade schools with a lot of debt – and that debt is interfering with family formations and homeownership levels.

Can No-Money-Down Mortgages Make A Comeback?

Orb Staff
Peter G. Miller on Feb 01, 2016

BLOG VIEW: Mortgages with no money down have a certain cringe factor – a leftover from the go-go era of real estate financing that ended with the market collapse of 2007 and the loss of millions of homes to foreclosure. [Read More]

Can The Mortgage Market Offset The Impact Of A Fed Rate Hike?

Orb Staff
John Levy on Jan 27, 2016

BLOG VIEW: Just over one month ago when most Americans were in the midst of the usual holiday bustle, the Federal Reserve voted to raise the central bank’s benchmark interest rate (from a 0%-0.25% range to a 0.25%-0.5% range) after [Read More]

Women In Mortgage: You’ve Come A Long Way

Orb Staff
Orb Staff on Jan 25, 2016

As the mortgage industry becomes more female-centric, the potential for women to attain executive-level positions has increased.

The Overlooked Benefit Of Loan Performance

Orb Staff
Tucker McDermott on Jan 13, 2016

BLOG VIEW: Given the changes in the servicing industry over the last few years, it has become clear to lenders that in many cases, it simply is not in their best interest to service their own loans. Having a robust [Read More]

Paul Clifford: Understanding E-Recording Adoption

Patrick Barnard on Jan 12, 2016

PERSON OF THE WEEK: Paul Clifford is president of Simplifile, a software company founded in 2000 that connects lenders, settlement agents and counties. Simplifile leads the nation with the largest e-recording network, having securely e-recorded over 40 million land record [Read More]

Are Lower FHA Premiums Ahead?

Orb Staff
Peter G. Miller on Jan 06, 2016

BLOG VIEW: It’s been a very good year for the Federal Housing Administration (FHA). At the start of 2015, the FHA cut its annual mortgage insurance premium (MIP) by 0.5% for most borrowers, and the results have been spectacular. The [Read More]

Better Tech Will Help Housing Agencies Better Service Their Communities

Orb Staff
Susan Graham on Dec 21, 2015

BLOG VIEW: Mortgage servicing has become more complex since the housing bust of 2008. Servicers have seen an increase in regulations and responsibilities. Being able to automate routine processes and reduce errors is vital to being successful in modern-day mortgage [Read More]

Fannie Further Loosens Mortgage Rules For The Underserved

Orb Staff
Orb Staff on Dec 03, 2015

BLOG VIEW: Fannie Mae’s new HomeReady Mortgage program – the successor to its MyCommunity Mortgage program that loosens mortgage qualification requirements for low- to moderate-income borrowers – is another example of how paradoxical the federal government’s involvement in the mortgage [Read More]

Performance Of Third-Party Service Providers Continues To Improve

Orb Staff
Terri Cravens on Dec 01, 2015

BLOG VIEW: The last several years have been painful for many of the third-party service providers in the mortgage loan industry. Bulletin 2013-29 from the Office of the Comptroller of the Currency, bulletin 2012-03 from the Consumer Financial Protection Bureau [Read More]

Closing Time: Are You TRID-Ready?

Orb Staff
Sanjeev Malaney on Nov 24, 2015

BLOG VIEW: Nearly two months have passed since the TILA-RESPA Integrated Disclosure (TRID) rules went into effect, and the first loans subject to the TRID rules have already closed. Lenders are now in a better position to evaluate just how [Read More]