Sunday, June 23, 2024
Home From The Orb

From The Orb

Jane Mason: Mortgage Servicers Can Expect Delinquencies and Defaults to Rise This Year

PERSON OF THE WEEK: The COVID-19 pandemic that began in February 2020 resulted in an unusual, intense “boom” in home sales that the housing...

Sean Faries: How Lenders Can Navigate Construction Lending Technology Options

PERSON OF THE WEEK: At a time of lower profit margins, a growing number of mortgage lenders are looking to lift their balance sheets...

The Leadership Imperative: Creating Adaptable Teams

BLOG VIEW: In a fast-moving industry, being prepared is never enough. It doesn’t take a large disruptor - in the environment, the company, or...

Bindiya Jain: To Personalize Offerings, Mortgage Lenders Should Look at Both Credit and Property...

PERSON OF THE WEEK: Mortgage lenders are struggling in this challenging market. As a result, many are turning their focus on their existing customers...

Five Ways LOs Can Surface More Opportunities with Customers by Using Home Equity

BLOG VIEW: Loan officers are always looking for more opportunities to advance their customers’ financial goals, and leveraging home equity is often a useful...

Todd Maki: Digital Closings Transform the Borrower Experience

PERSON OF THE WEEK: Digital closings - including hybrid and all-digital - have been in use for years now, but mortgage technology companies continue...

Donna Schmidt: How Mortgage Servicers Can Protect Against Data Breaches

PERSON OF THE WEEK: The mortgage industry has been hit hard by cybersecurity incidents in recent months, causing alarm among both lenders and servicers....

Tracy Huber: One Way Lenders Can Protect Themselves From Buybacks

PERSON OF THE WEEK: Loan buybacks spiked in 2022, following the pandemic-fueled housing boom, and remained elevated through most of 2023, causing alarm for...

It’s Easier Now to Get a Tax Transcript – Or Is It?

“…Nothing is certain except death and taxes” - Benjamin Franklin BLOG VIEW: The IRS recently announced it was overhauling the Income Verification Express Service (IVES)...

Rich Berg: Warehouse Lending Challenges and Outlook

PERSON OF THE WEEK: The warehouse lending segment has been adapting to some major changes during the past year and half - not the...

Is the Mortgage Industry Ready to Embrace AI in 2024?

BLOG VIEW: Considering the cyclical nature of the mortgage industry and the resilience it exhibits during its ups and downs, it is safe to...

Miki Adams: The Growth of Down Payment Assistance Over the Past Decade

PERSON OF THE WEEK: Down payment assistance (DPA) programs have skyrocketed in popularity during the past two years, in response to the erosion of...

How Mortgage Lenders Can Prepare for 2024: Emerging Trends, Technologies and Threats

BLOG VIEW: 2023 has been quite a wake-up call for the mortgage industry. Market forces such as low inventory and sustained high home prices,...

Five Best Practices to Guide the Migration to Digital Lending

BLOG VIEW: Digital lending is looming large over the industry, and lenders are at various stages of incorporating digital processes with many not knowing...

The ‘Five to Thrive’ Strategy for Success in a Challenging Mortgage Market

BLOG VIEW: The housing market currently faces unprecedented challenges and a constant sense of uncertainty. Originations are at or near the lowest point in...

Steve Wiese: Lenders Must Focus on Mitigating Bias in the Appraisal Process

PERSON OF THE WEEK: For years it has been widely acknowledged in the appraisal industry that fostering greater diversity in all facets of the...

Matt Stadler: With Default Servicing, Timing is Critical

PERSON OF THE WEEK: Default servicing is an important yet very distinct segment within the mortgage servicing industry. On the surface, its purpose seems...

Randy Kozlowski: Mortgage Servicers Can Expect More Problems with Escrow in the Near Future

PERSON OF THE WEEK: Having access to current and accurate property tax data is critical for any mortgage servicer. The monitoring of property tax...

Mohammad Rashid: AI and Big Data are Revolutionizing Mortgage Lending, But Will They Reduce...

PERSON OF THE WEEK: Artificial intelligence and big data hold great promise for the mortgage lending industry. As lenders implement new and advanced AI-powered...

Susan Graham: Lessons Learned From 40 Years in Mortgage Servicing Software

PERSON OF THE WEEK: Financial Industry Computer Systems (FICS) is one of the oldest mortgage software companies in the industry. Since 1983, the firm...