Sunday, July 3, 2022
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From The Orb

Education is the Key to Removing Barriers For Underserved Borrowers

BLOG VIEW: More companies are directing time and resources to create equity in housing and homeownership. As part of that effort, one must understand...

Matthew Wood: Today’s LOS Must Be Designed with Future Technologies in Mind

PERSON OF THE WEEK: The mortgage market is, unfortunately, set for another slowdown, but that means mortgage lenders have more time to focus on...

What is a Qualified Written Request to a Servicer? Two Court Opinions Could Change...

BLOG VIEW: Under RESPA, servicers are required to respond to qualified written requests (QWRs) from borrowers. Regulation X divides these requests into two categories:...

Mortgage Lending Creativity Is Increasing Risk 

BLOG VIEW: The mortgage market is shifting. The fact that pundits have been warning that lenders would see significant changes in their businesses in...

Top Questions Lenders Have About the New Desktop Appraisal Rules

BLOG VIEW: In January, government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced that they would include a desktop appraisal option to its sellers....

Gene Shibata: Don’t Let Operational KPIs Fall Behind

PERSON OF THE WEEK: Now that pandemic-related foreclosure protections are coming to an end - and with the U.S. economy sputtering due to massive...

Otmane Laassel: How Mortgage Lenders Can Serve the Underserved

PERSON OF THE WEEK: As the mortgage industry and its regulators strive to bring homeownership to more borrowers throughout the country, many lenders are...

Joel Rickman: Mortgage Lenders Facing Rapid Changes in 2022

PERSON OF THE WEEK: Mortgage lenders have had to keep pace with some rapid changes during the past two years, particularly with the impact...

Steven Plaisance: Home Affordability Must Be Addressed

PERSON OF THE WEEK: Steven Plaisance is the president of mortgage banking for Gateway First Bank. He is also currently serving as the chairman...

Karen Kulwin: State Regulators are Increasing Their Scrutiny of Mortgage Licensing Requirements

PERSON OF THE WEEK: Licensing is an extremely important aspect of mortgage compliance, yet it is often taken for granted. Most of the entities...

How Does Profit Margin Compression Affect the Mortgage Industry?

BLOG VIEW: Profit margin compression is currently one of the most significant factors impacting profitability and business efficiency for mortgage lenders. Lender profit margin expectations...

How Lenders Can Help More Borrowers Achieve Homeownership

BLOG VIEW: With rising rates and home prices consistently going up, homeownership may seem like a far stretch for some. In fact, in 2021,...

Jim Voth: Digital Transformation Will Continue Despite Slowdown

PERSON OF THE WEEK: Will a slowdown in the mortgage market result in lenders cutting back on technology investments? Not necessarily, says Jim Voth, managing...

Roxana Davidoff: CRM is All About Good Communication

PERSON OF THE WEEK: When it comes to home transactions, fast and efficient communication between the various parties involved is critical. The challenge to achieving...

Brian Miller: Shift to Remote Work Has ‘Tipped the Scales Toward Employees’

PERSON OF THE WEEK: The shift to a purchase market, lenders’ re-expansion into niche products such as non-QM, and the reality of remote work...

John Hutchison: Creating Meaningful Partnerships Through Due Diligence

PERSON OF THE WEEK: As we continue to move into a purchase money mortgage market, lenders are finding that selling their production into the...

A Simpler Approach to Determining Home Condition

BLOG VIEW: Most are familiar with the appraisal standards used to identify the condition of homes during the appraisals process. Fannie Mae, Freddie Mac,...

Wendy Hannah-Olson: Alternative Sources of Credit Data are the Next Step for Mortgage

PERSON OF THE WEEK: Technology continues to transform the mortgage market, reducing operating costs, creating more efficient processes and improving the borrower experience. The...

Pete Pannes: Servicers Must be Prepared as CFPB Ramps Up Enforcement

PERSON OF THE WEEK: Mortgage servicers handling loans in COVID-19 forbearance plans are under close scrutiny by the Consumer Financial Protection Bureau and other...

VA Loans: An Untapped Market Opportunity in 2022?

BLOG VIEW: As the mortgage industry continues its shift from a refinance market to a purchase market, lenders are challenged to better identify qualified...