Saturday, December 21, 2024

From The Orb

Ashley Wood: Alternative Credit Data Could Help More Seniors Gain Access to Mortgages

BLOG VIEW: The mortgage industry has made progress in recent years to expand access to credit for more U.S. consumers as advancements in technology,...

Michele Bodda: Technology Key to Ensuring Consumers Have Fair Access to Credit

PERSON OF THE WEEK: The mortgage industry is undergoing a technological revolution - and as part of that, mortgage lenders, the GSEs, and the...

AI’s Superpower: Freeing the Human User

BLOG VIEW: Artificial intelligence, or at least the idea of it, has been around for a very long time. Some reports put the first...

How Mortgage Brokers Can Leverage Digital to Effectively Engage Borrowers 

BLOG VIEW: The mortgage market is predicted to experience turbulence in 2023 due to extended periods of high interest rates, stricter qualification criteria and...

Jeremy McCarty: How Valuation Technology Can Help Lenders Capitalize on HELOC Opportunities  

PERSON OF THE WEEK: The rapid pace of home price appreciation over the last decade has left most homeowners sitting in an advantageous position...

In a Tighter Market, Lenders Need Real-Time Data Across the Enterprise

BLOG VIEW: For some time now, lenders have recognized the value of real-time data, notably in the origination process through using real-time verification of...

Dean Kelker: Appraisal Modernization is Starting to Gain Momentum

PERSON OF THE WEEK: In its ongoing push to modernize the appraisal process, government-sponsored enterprise (GSE) Fannie Mae recently communicated details to its sellers...

The Success Mantra for Mortgage and Title Tech Companies in This Downturn

BLOG VIEW: As per the Mortgage Bankers Association (MBA)’s latest outlook, with the current market conditions, purchase originations and refinance volume are now expected...

Asking the Right Questions in the Fight Against Fraud

BLOG VIEW: Fraud methods and trends are always evolving. But while the ways that borrowers misrepresent their income, employment and more come and go,...

Lenders Should Plan Now For Returning Buyers

BLOG VIEW: The housing pendulum has had a major workout recently. In 2020 and 2021, housing demand exploded due to the lowest mortgage rates...

Rob Nunziata: The Challenge of Keeping Remote Mortgage Workers Compliant

PERSON OF THE WEEK: Although many workers have returned to the office since the pandemic began in early 2020, the trend of remote work...

Pete Pannes: Mortgage Servicers Looking to Cut Staffing Face Compliance Conundrum

PERSON OF THE WEEK: The Mortgage Bankers Association’s (MBA) most recent Loan Monitoring Survey shows that the total number of loans in forbearance has...

Shannon Johnson: Mortgage Lenders Faced with Crowded Technology Marketplace

PERSON OF THE WEEK: Where is mortgage lending headed in 2023? With most economists forecasting low home sales due to higher rates, low inventory,...

Joe Ludlow: Cost Savings Considerations for Lenders in 2023

PERSON OF THE WEEK: Loan volumes decreased from $4.5 trillion in 2021 to $2.5 trillion in 2022, leaving lenders with too much excess operational...

The ‘Chi’ of Mortgage Lending

BLOG VIEW: What factors really drive the lending market? As shown in the graphic below, the main ones are the MBS market, the real estate...

Susan Allen: How Lenders Can Capture More HELOC Business

PERSON OF THE WEEK: From home renovations to debt consolidation, savvy consumers know how to use HELOCs to their advantage - which is why,...

Secondary Platform Helps Habitat for Humanity Affiliates

PERSON OF THE WEEK: In a recent interview with MortgageOrb, Mark Tribuna, senior advisor, CRA Note Exchange, explains how the company’s online secondary platform...

Ashley Sellers: Small to Midsize Lenders Need Automation to Remain Agile in this Market 

PERSON OF THE WEEK: In this current mortgage market, many small to midsize lenders are struggling to survive. As was the case during the...

Four Ways to Wow a Lender’s Business Referral Partners in the New Year

BLOG VIEW: The lenders who are still in the business today are those most likely to make a run of it in 2023. Those...

Sarah Acosta: How Mortgage Lenders Can Create an Efficient Natural Disaster Response

PERSON OF THE WEEK: The number of natural disasters and the costs associated with their subsequent damages continues to rise due to climate change,...