Five Things Servicers Must Evaluate When Preparing for Natural Disasters
BLOG VIEW: Natural disasters around the world are occurring at an alarming rate. Every few weeks, we’re witnessing earthquakes that destroy cities,...
Time to Retire Outdated Manual Underwriting Processes
BLOG VIEW: The introduction of an advanced, automated and comprehensive platform for underwriting a loan is long overdue.In an age when digitization and automation...
Brokers Should Launch NMLS Renewal Process Well in Advance
BLOG VIEW: Many professionals in the financial sector in the U.S. must get licensed and maintain their operating rights via the Nationwide Multistate Licensing...
Top 5 Borrower Questions and How Mortgage Lenders Should Respond
BLOG VIEW: Borrowers today have an unprecedented level of access into the inner workings of the mortgage process, thus enabling them to self-educate and...
Knowing is Half the Battle: Selecting a New Retail Branch Home
BLOG VIEW: The retail mortgage industry has changed drastically since the early 2000s, with brokers and originators bearing the blame for the industry implosion...
Building Bonds With Borrowers via Educational Workshops
BLOG VIEW: The housing market today is akin to the gold rush of the mid-1800s, with many prospective home buyers - and not necessarily...
How to Retain and Engage Valuable Mortgage Staff
BLOG VIEW: As with any organization, lenders understand that managing and retaining talented employees is important for their long-term success. Mortgage lenders are facing...
What’s The Net Tangible Benefit Test?
BLOG VIEW: The net tangible benefit test asks a tough question: Should borrowers be allowed to refinance even when it’s not in their best...
Setting a Growth Strategy for Commercial Lending
BLOG VIEW: As the economy improves, every sector of the real estate business is experiencing growth - or at least the opportunity for growth....
What’s the Frequency: Keeping Up with Tax Installment Changes
BLOG VIEW: Mortgage servicers are routinely challenged by making timely escrow tax payments. Consistency is key. If a mortgage servicer knows that property taxes...
Why Giving Back is Good for Business
BLOG VIEW: The Community Reinvestment Act (CRA), which was enacted in 1977, is more critical than ever.Mortgage lenders must ask themselves what they are...
Regtech Will Change Everything for Originators
BLOG VIEW: Viewed from the perspective of a mortgage sales professional, technology either helps one close loans or it doesn’t.But occasionally, the mortgage industry...
MTech Will Never be FinTech and That’s a Good Thing
BLOG VIEW: The financial industry is abuzz with talk of financial technology, better known as FinTech. Everywhere you look there is a group hosting...
AMCs in South Carolina Facing New Licensing and Bonding Requirements
BLOG VIEW: The beginning of 2018 brought changes for real estate appraisers in South Carolina. As of February, to operate as an appraiser in...
The Key to Borrower Happiness: Communication
BLOG VIEW: Poor communication is often an underlying cause of the mortgage borrower complaints that flow into the Consumer Financial Protection Bureau’s (CFPB) consumer...
Marrying Compliance with Innovation
BLOG VIEW: In an ever-changing regulatory environment, it may seem that compliance serves as a hurdle to achieving innovation, or at least, that innovation...
Despite Regulatory Clarity, AML Errors Persist in Mortgage Lending
BLOG VIEW: The U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), issued a final rule in February 2012 requiring nonbank...
Choosing the Right Valuation Option
BLOG VIEW: An appraisal is a necessary part of any real estate transaction. It is the process of developing an opinion of value on...
Make Way for Freddie Mac Changes to Investor Reporting
BLOG VIEW: In February 2017, Fannie Mae implemented a set of changes to investor reporting to satisfy new regulations set out by the Federal...
Nonbank Mortgage Servicers in Pennsylvania Face New Licensing, Bonding Requirements
BLOG VIEW: Nonbank mortgage loan servicers in Pennsylvania must meet new licensing requirements as of June 2018.Pennsylvania Senate Bill 751 was signed by Governor...
