Platform Lending for the Mortgage Industry Digital Transformation is impacting many industries and transforming the mortgage industry is no exception. Due to the information rich nature of the loan process the industry demands that data be rapidly exchanged across multiple disparate systems. This ability to exchange information and create a fully digital process leads […]
As of the third quarter of 2016, the Mortgage Bankers Association’s survey of mortgage bankers showed lenders are still paying nearly $7,000 per loan in origination expenses. To reduce this figure and maximize cost savings, lenders must not only save money on outsourced processes, but also save time. Reducing time at every stage of the […]
Answers to all the confusion around the fate of the CFPB The Consumer Financial Protection Bureau is in the middle of a landmark battle with PHH, which has called into question the bureau’s constitutionality. In addition, the CFPB is at the center of at least four different bills trying to overhaul it, including one […]
In Floify’s new white paper “The Path To $100M in Loan Volume”, two of the nation’s top loan officers share step-by-step strategies and insights on how to predictably grow annual volume. Lisa Wells and Andy Zemon, who drive $130m in loan volume, break down the path from $10m to $30m to $100m and reveal how […]
Are new industry policies surrounding appraisers helping or hurting the industry? Fannie Mae released its first selling guide updates for 2017, clarifying its rules around property inspections by appraiser trainees. According to the guide, Fannie Mae clarified its “existing policy that allows an unlicensed or uncertified appraiser, or an appraiser trainee to complete the property […]
Are you ready for years of Home Mortgage Disclosure Act (HMDA) changes? Get prepared now, download Ellie Mae’s HMDA: The New Frontier of Reporting whitepaper. You’ll get insight into timing, and better understand what’s changing and how to ensure continued compliance success. Topics include: Changes to depository and non-depository applicable institutions Changes/additions to collected, reported […]
Post-closing errors related to trailing or missing documents are an expensive thorn in our industry’s side. Follow up is manual, time-consuming, and expensive. However, technology is now available to automate and simplify post-closing processes without the need to outsource or hire additional resources. Publisher: Simplifile Date: February 2017
You have questions about the next President? We have the answers. A new year brings new uncertainties, but 2017 brings a new President and administration with not just an unknown level of change, but an unknown amount of change. Join HousingWire as we host a free extended Q&A session featuring key industry experts answering your questions […]
Lenders get ready or get left behind. With uncertainty surrounding a new administration in the White House, and the likely rise of interest rates throughout 2017, refi volume will drop sharply, forcing lenders to reexamine how to penetrate the purchase mortgage market as business imperative #1. Join HousingWire and key industry analysts, as we shine […]
Mortgage automation platform, Floify, announced the results of an industry-wide study on loan officer recruitment and retention. The study solicited over 13,000 mortgage originators, specifically loan officers, branch managers, and area sales managers. The analysis focused on LO’s with an annual loan volume of $21 million or more in order to distinguish the needs and […]
The Consumer Financial Protection Bureau recently finalized new regulations for loan servicers. Soon, mortgage borrowers who have filed for bankruptcy will have the right to demand greater transparency and more communication from the companies that service their loans. This is a key change. Under the CFPB’s former mortgage rule, servicers did not have to provide […]
As electronic signatures flourish throughout the market, new regulations, technologies, and customer expectations are driving digitization from lenders in mortgage applications, renewals, and disclosure delivery, significantly reducing the time between application and closings. Originators big and small have successfully automated the initial stages of the mortgage process, however, because the closing process is so complex, […]
Loan origination volume is expected to reach $1.8 trillion in 2017 according to estimates from FBR & Co. While this growth is good news for the housing finance market, constant adjustments to TRID and QM continue to impact potential growth for lenders. HousingWire has assembled an expert panel to take your questions on all things […]
Correspondent lenders and loan aggregators are challenged with the processes, tools and technologies they use for loan acquisition. They find themselves using a combination of multiple, one-off systems and services built around a loan origination system, whose single purpose is for the manufacturing of loans not the due diligence and validation of loans that have […]
The typical roadblocks to taking your business digital have been busted. It’s easy to get started, and the transformation for your business can get you producing eNotes in just 90 days. Right now, any real estate-related business can implement a digital strategy with minimal capital and pain, regardless of how big or small the operation […]