Rising interest rates have a profound impact on the affordability of housing. What can lenders do to encourage more first-time homebuyers even as lending costs seem poised to increase? It’s clear that interest rates will frustrate some potential buyers, but lenders can spur action by countering widely held misconceptions about the amount of savings needed […]
As mortgage lenders turn to Loan Origination Systems to automate every phase of the loan origination lifecycle, vetting and selecting LOS vendors has become an important task for CIOs. In this white paper Ellie Mae distills the wisdom from a panel of top IT executives into the six most important requirements for selecting an LOS […]
Much like the evolution of credit scoring, another critical component of the new loan origination process has emerged — property tax amount estimation quality. Only a consistent procurement process can ensure access to the best information available. This white paper outlines what an accurate process should entail, with insights from a controlled experiment. Publisher: CoreLogic Date: September […]
With foreclosure levels still well above normal, servicers strongly rely on auction services providers to assist with the disposition of defaulted mortgage assets. While auction services providers can deliver significant value, there is still a need for greater efficiency and improved transparency during the management and disposition of defaulted mortgage assets. This white paper explores […]
While claims handling is often a small piece of the insurance partner selection process for servicers, the insurance partner’s performance of their obligations under the insurance policy is a direct reflection on the servicer and their relationship with the homeowner. Learn more about why effective claims practices matter and how to recognize the hallmarks of […]
Executives leading mortgage lending enterprises today are doing so in a market that has no historical precedent. In this white paper, we will shed some light on today’s most critical management imperatives and share what our firm is doing to help guide our lender clients safely into a more successful future. Success in this market […]
The mortgage lending industry is an ever-growing target for data thieves. Given the number of potential victims at risk, and the value of the data they hold, organizations that operate within the lending industry are sitting ducks for the criminals who seek to exploit them. This white paper provides insight into everyday threats in mortgage […]
The paper outlines the investor and guarantor requirements for managing vacant, damaged properties in default. How to avoid perils, manage risk, and meet the expectations of investors like Fannie Mae and Freddie Mac, and meet the conveyance requirements of guarantors like HUD. Publisher: Superior Home Services Date: May 2017
Flood events constitute almost 80% of the annual U.S. weather-related catastrophes, and for servicers, it’s critical to ensure their asset portfolio is fully protected. While flood insurance is a valuable tool of protection, there are enhancements that would make the overall flood protection program more financially sound while better protecting individual homeowners and taxpayers. Publisher: National […]
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 […]
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 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 […]
For decades, the only choice servicers had when securing a vacant or abandoned property was plywood. Boarding up windows and doors with plywood was supposed to keep the asset safe, but the effect was often the opposite — the boarded-up home advertised vacancy, which invited looting and other criminal activity. Now, a new alternative to […]
The days of financial services companies believing they are large enough to handle every function on their own are long past. Today’s most successful companies find partners they can trust to outsource those functions that are not core to their business. Both banks and capital markets firms are seeking out third party experts to handle […]
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