Change Is Good: Exploring New Uses For Existing Technologies
There are ways to build bridges between disparate systems to create an improved customer experience.
MBA: Applications For New Home Purchases Increased 24% In February
Mortgage applications for new home purchases increased by 24% on an unadjusted basis in February compared with January, according to the Mortgage Bankers Association's...
CFPB Goes After Marketplace Lenders
"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."
CoreLogic: Completed Foreclosures Jumped 16.4% In January
There were about 38,000 completed foreclosures nationwide in January - an increase of 16.4% compared with about 33,000 in December but a decrease of...
Sanjeev Malaney: Technology Is The Only Way To Deal With TRID
PERSON OF THE WEEK: Sanjeev Malaney is founder and CEO of Capsilon Corp., a provider of document and data management solutions that enable mortgage...
Black Knight: Dip In Mortgage Rates Boosts ‘Refinanceable Population’
As a result of falling mortgage interest rates, an additional 1.5 million borrowers could now likely both qualify for and benefit from refinancing.
Survey: About 75% Of Mortgage Lenders Seeing Delayed Closings Due To TRID
“As we anticipated, our bankers are struggling to comply, in part, because the systems being provided by vendors are incomplete or inaccurate."
Kris Perez: Some Mortgage Technology Firms Didn’t Start On TRID Early Enough
PERSON OF THE WEEK: Kris Perez is customer success manager for Idaho Falls, Idaho-based DocuTech Corp., which provides compliance services and documentation technology for the mortgage industry.
First Federal Bank Of Kansas City Settles Redlining Allegations For $2.8M
The settlement stems from complaints brought by two nonprofit organizations regarding the bank’s alleged lack of market penetration in certain mostly minority neighborhoods.
NAR: Pending Home Sales Fell 2.5% In January
"The recent acceleration in home prices and minimal inventory throughout the country appears to be the primary obstacle holding back would-be buyers," says Lawrence Yun, chief economist for NAR.
When It Comes To Mortgage Compliance, Every Detail Counts
BLOG VIEW: As compliance becomes more of a focus for lenders and servicers, they must review their business processes and policies to ensure they...
New Home Sales Fell 9.2% In January
New home sales were at a seasonally adjusted annual rate of about 494,000 units as of January - a decrease of 9.2% compared with...
Abhinav Asthana: Omnichannel Platforms Will Provide A Foundation For Lending
PERSON OF THE WEEK: Abhinav Asthana is a product manager for Wipro Gallagher Solutions, a provider of technology solutions to the mortgage industry. MortgageOrb...
RealtyTrac: TRID Dragged Down Fourth-Quarter Mortgage Originations
Although 2015 wasn’t a bad year for mortgage originations in comparison with 2014 - total volume increased 1% for the year - it could...
Ellie Mae: Average Number Of Days To Close Increased Again In January
... and it appears that the Consumer Financial Protection Bureau's new TILA-RESPA Integrated Disclosure (TRID) rules are mostly to blame.
‘There’s No Shortcut’ To Understanding FHA Handbook Changes
Servicers and their partners will really need to dig into the FHA's new handbook in order to interpret the revised guidelines.
Barry Hays: Mortgage Servicers Face Challenge With TCPA’s ‘Express Consent’ Provision
PERSON OF THE WEEK: Barry Hays is co-founder and senior vice president of TeleVoice, a provider of call center technology and customer self-service solutions...
Title Companies Form Alliance To Resolve Multi-Jurisdictional Challenge
In order to help mortgage companies more easily navigate the patchwork quilt of state laws pertaining to title and settlement services, a group of...
Fannie Mae Announces Winning Bidders For Its Fourth NPL Sale
Canyon Partners (Carlsbad Funding Mortgage Loan Acquisition LP), Pretium Mortgage Credit Partners I Loan Acquisition LP and Goldman Sachs (MTGLQ Investors LP) are the...
Chris Backe: Mortgage Lenders Face Roadblocks To Growing Sales
PERSON OF THE WEEK: Chris Backe is director of financial services for Velocify, a provider of customer relationship management, lead generation and sales automation...