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...
Hassan Rashid: When Adopting AI, Mortgage Lenders Must Consider Both the Benefits and the...
PERSON OF THE WEEK: Artificial intelligence (AI) is poised to further revolutionize the mortgage lending process, which has already been undergoing a transformation with...
Mortgage Servicers Must Navigate Many ‘Danger Zones’ in This Current Regulatory Environment
BLOG VIEW: Mortgage servicers are under ever increasing regulatory scrutiny. Regulatory bodies, including the Consumer Financial Protection Bureau (CFPB), are now more focused on...
Rod Griffin: Education is the Key to Boosting Homeownership
PERSON OF THE WEEK: Today’s first-time homebuyers face a lot of obstacles - in particular, higher mortgage rates, rising home prices, lack of inventory,...
Three Reasons Why Mortgage Lenders Should Embrace AI for Document Processing
BLOG VIEW: The mortgage lending industry has come a long way from the days of simple automation to create document sets for borrower closings....
Toby Wells: Seamless MSR Transfers Are Not Pie in the Sky
PERSON OF THE WEEK: Smooth and efficient MSR transfers are crucial to keeping borrowers happy and achieving operational excellence. Unfortunately, smooth MSR transfers are...
Driving Digital Innovation and Tech-Enabled Transformation
BLOG VIEW: The mortgage industry is at a tipping point in terms of technology adoption. Most lenders acknowledge the importance of adopting new technologies,...
Reena Agrawal: How AVMs Can Promote More Equitable Home Valuations
PERSON OF THE WEEK: Minority communities are facing significant hurdles in their quest to build equity and accumulate wealth when it comes to access...
Defaults Ahead: Are Lenders and Servicers Prepared?
BLOG VIEW: There is a notable shift afoot in default servicing. Defaults are ahead, and there is an impending need for mortgage lenders to...
Capitalizing on Home Equity Trends Amid an Economic Downturn
BLOG VIEW: As the mortgage market contracts in the face of inflation and high interest rates, lenders are increasingly competing for a smaller number...
Strategies LOs Can Use to Boost Sales in This Difficult Mortgage Market
BLOG VIEW: Having started in the industry as an LO and then an AE, I know full well that trudging through difficult mortgage markets...
Top Challenges Facing Residential Real Estate Appraisers Today
BLOG VIEW: The process of property appraisal is an integral element of the real estate industry. The goal of the appraisal is to determine...
JT Edelen: Alternative Data Presents a Broader Perspective of a Borrower’s Profile
PERSON OF THE WEEK: As home prices continue to rise, Americans are sitting on growing reserves of untapped home equity that they can use...
When Can a Servicer Take Possession of a Property in Oregon?
BLOG VIEW: On July 15, 2022, the U.S. Court of Appeals for the Ninth Circuit issued an unpublished opinion in the case Santoro v....
Chris Bixby: Mortgage Tech Firms Challenged to Navigate Current Economic Headwinds
PERSON OF THE WEEK: Where is the mortgage technology sector headed in 2023? In a recent interview with MortgageOrb, Chris Bixby, managing director of...
George Morales: Why Reverse Lending is Heating Up
PERSON OF THE WEEK: As mortgage lenders continue to seek out new business opportunities, reverse mortgage lending is emerging as one of the better...
Adam Stern: Lenders Need Technology That Increases Margins During Low-Volume Periods
PERSON OF THE WEEK: As mortgage technology continues to advance in 2023, it is becoming increasingly important for lenders to adopt solutions that increase...