Dwelling In The Past
What is the future of the Federal Housing Administration now that large lenders are announcing their own low-down-payment mortgage products?
The LOS: A Central Repository Of Actionable Data
In an effort to deliver increased value to their lender clients, LOS providers are finding new and innovative ways by which actionable data can be delivered and shared.
Going Digital Direct Requires Lenders To Adopt A ‘Whole New Mindset’
"Lenders have options for making sure they aren’t over-automating."
The AUS: An Essential Tool In The Mortgage Lending Software Ecosystem
The AUS is crucial for automating the online mortgage process - which has advanced by leaps and bounds in recent years - as well as helping lenders gain operational efficiency.
The AUS: What It Is And What It Isn’t
An AUS performs an automated analysis of a loan application and its supporting data, such as a credit report, to quickly determine whether it complies with a lender’s or investor’s lending guidelines and requirements.
Return Of The ‘Low Doc’ Loan Is Nothing To Fear
What makes today's "low doc" mortgage offerings different from the ones of the past is not just the lending criteria, but also how borrower data is collected and verified.
New GSE Single Security On Track To Go Live In 2018
Freddie Mac will go live on the new platform first with its existing security later this year; then, starting in 2018, Fannie Mae will go live on the platform and both GSEs will begin using the new single security.
In The Market For Some Fintech?
Marketplace lenders are gaining popularity - and also getting some attention from federal agencies.
Abhinav Asthana: ‘Mortgage 3.0’ Has Arrived
As lenders are learning, technology is also an important differentiator in terms of driving customer satisfaction.
Community Bank Metamorphoses Into National Mortgage Lender
Darien-Rowayton Bank, which launched a highly successful student-loan-refinancing platform a few years ago, is now looking to go national with an online mortgage platform that bank officials say will rival some of the most advanced platforms currently on the market.
Fanniegate And What The Treasury Knew
Experts speculate on the future of Fannie Mae and Freddie Mac after newly unsealed documents indicate the U.S. government knew in 2012 the GSEs would be profitable.
Neil Garfinkel: Lenders Will Adapt To TRID; Investors, Maybe Not
Because of uncertainty surrounding enforcement actions related to TRID, many investors are currently not permitting any cures.
The Rise Of Video In The Mortgage Process
There is a question, though, as to how soon – or even if – lenders will widely incorporate video into their mortgage processes.
Mortgage Lenders Face Potential Backlash From ‘Over Automating’
What do consumers want in a mortgage process? Surveys indicate they do not want too much impersonal automation, and industry experts say lenders are working to offer both high tech and high touch.
Marketplace Lenders Driving E-Mortgage Adoption
As lenders are learning, adoption of e-mortgage technology isn’t just a matter of compliance – it is a matter of staying competitive and gaining market share.
Settling The (FICO) Score
One marketplace lender says it will not use FICO when underwriting mortgages, but others say the decades-old measure is still necessary.
Why Are Mortgage Lenders Still Clinging To Their Precious Paper?
What will it take to tear down the so-called “wall of the custodian”?
The Appraisal Report: Last Bastion For ‘Unstructured Data’ In Mortgage
Are we moving toward a day when the "narrative" in an appraisal report will take a back seat to hard, quantifiable data?
Electronic Signatures Vs. Digital Signatures: What’s The Difference?
When it comes to selecting e-signature technology, lenders are well advised to think in terms of digital signature technology, as well.
Data And Document Management: Mission Critical For Mortgage Servicers
Servicers need advanced data and document management solutions to achieve operational efficiencies, but these solutions are also now practically a requisite for meeting compliance.