From The Orb

Hybrid Valuation: A Viable Alternative To Traditional Appraisals

Written by Audrey Clearwater on February 27, 2017

AMCs are developing hybrid approaches to expedite the appraisal process.

What Is The CFPB’s Ultimate Fate?

Written by Patrick Barnard on February 22, 2017

MORNING COMMUTE: I was at the Mortgage Bankers Association’s National Mortgage Servicing Conference & Expo 2017 in Dallas this past week, and, somewhat embarrassingly, I am just now getting caught up. But first, the music this morning was Jethro Tull’s [Read More]

Susan Portnoy: Q4 Is The ‘Super Bowl’ Of Real Estate Tax Season

Written by Patrick Barnard on February 20, 2017

PERSON OF THE WEEK: The fourth quarter is always a busy time of year for real estate tax matters – especially for mortgage servicers because they must be aware of any tax liens or other tax issues that could end [Read More]

Black Knight Pumping Out News Lately

Written by Patrick Barnard on February 20, 2017

BLOG VIEW: In case you haven’t noticed, mortgage software, data and analytics company Black Knight Financial Services has been pumping out news lately, starting with the release of its fourth-quarter and full-year 2016 financial results on Feb. 1. Company revenues [Read More]

How To Boost The Inventory Of Homes For Sale

Written by Peter G. Miller on February 15, 2017

BLOG VIEW: We love first-time home buyers. They’re great and wonderful people, and we have done everything possible to encourage their interest in real estate. We have lined up tax breaks they can’t get as renters, explained how property reflects [Read More]

David Isljamovski: Mortgage Industry Becoming More Multi-Generational

Written by Patrick Barnard on February 14, 2017

PERSON OF THE WEEK: David Isljamovski recently returned to the mortgage business after a 10-year hiatus and now serves as national business development manager for MiMutual Mortgage. As MortgageOrb learned during a recent interview, Isljamovski has a fresh take on how [Read More]

Morning Commute: Does Trump Have A Reason To Fire Richard Cordray?

Written by Patrick Barnard on February 13, 2017

MORNING COMMUTE: Welcome to Morning Commute, the blog dedicated to those mortgage professionals with substantial commutes – featuring random mortgage news and insights, along with a dash of music analysis thrown in for fun! This morning, the music blaring in [Read More]

Six Safe Ways To Loosen Mortgage Standards

Written by Peter G. Miller on February 07, 2017

BLOG VIEW: “The housing market’s biggest constraint at the moment is tight credit standards,” says The Weekly Standard – a view that is widely shared, and with some reason: According to the Urban Institute, “Lenders would have issued 6.3 million [Read More]

Morning Commute: Dodd-Frank ‘Reliance’ And Getting Real About Unemployment

Written by Patrick Barnard on February 06, 2017

MORNING COMMUTE: Welcome to the inaugural edition of “Morning Commute,” a semi-regular blog dedicated to those mortgage professionals who have long commutes – whether by auto, train, cab, shuttle or subway, or any mix thereof! It’s about commuting, music, and [Read More]

The Art Of The Deal

Written by Timothy Moreland on January 31, 2017

BLOG VIEW: In the days following one of the most unique presidential elections in American history, the scene was anything but “business as usual.” Turmoil in the global markets, protests in the streets, rejoicing in the “red states” and endless [Read More]

Garnet Kanouse: Expect Prime Jumbo Volume To Fall In 2017

Written by Patrick Barnard on January 23, 2017

PERSON OF THE WEEK: Thanks to tighter credit, the jumbo mortgage market did quite well in 2016. But there are a number of misconceptions about jumbo loans – one being that they are only available to borrowers with high incomes [Read More]

Expanding The Definition Of ‘Digital Mortgage’

Written by Greg Marek on January 20, 2017

Does the definition of “digital mortgage” need to be expanded? If you consider the entire mortgage process, perhaps so.

Will Mortgage Interest Deductions Become Extinct In 2017?

Written by Peter G. Miller on January 18, 2017

Right now, a lot of people who expected to write off mortgage insurance in 2017 may be in for an April surprise.

Jim McGurer: The Challenges Of Properly Tracking Property Tax Payments

Written by Patrick Barnard on January 16, 2017

PERSON OF THE WEEK: How do servicers accurately keep track of whether local property taxes are being paid on the assets in their portfolios? Simple: They use one of any number of tax reporting services.

Will The Trump Administration Lower Mortgage Fees?

Written by Peter G. Miller on January 12, 2017

BLOG VIEW: In an unexpected decision, the outgoing Obama administration has announced a 0.25% reduction in the Federal Housing Administration’s (FHA) annual mortgage insurance premium (MIP) – enough to save borrowers an average of $500 a year, according to the [Read More]

Jeff Weinstock: MISMO Allows For ‘Consistent Experience’ In The Mortgage Process

Written by Patrick Barnard on January 10, 2017

PERSON OF THE WEEK: For nearly 33 years, Dallas-based Financial Industry Computer Systems Inc. (FICS) has been providing flexible, comprehensive residential and commercial technology solutions to the mortgage industry. This includes Loan Producer, a loan origination system (LOS) that can [Read More]

Fannie Mae Investor Reporting: Changes Coming Feb. 1

Written by Susan Graham on January 09, 2017

BLOG VIEW: As we move into the new year, the mortgage industry continues to experience a time of great change and transformation, as new rules and regulations are being updated and introduced on a more frequent basis. Although the upcoming Home [Read More]

The Secret Is In The Data

Written by Harry Gardner on January 04, 2017

BLOG VIEW: What’s at the heart of the mortgage industry? Some might argue it is underwriting, or compliance, or the secondary market, or the performance of loans. And although all of those are important areas, none of those facets of [Read More]

Camillo Melchiorre: When It Comes To Loan Mods, Collaboration Is Critical

Written by Patrick Barnard on January 03, 2017

PERSON OF THE WEEK: HLP, formerly known as Hope LoanPort, is a nonprofit that offers a Web-based communications platform that is used by many of the largest mortgage servicers for their foreclosure prevention and loan modification activities. The nonprofit’s goal [Read More]

New Home Loan Refinance Product May Help Address Student Debt Debacle

Written by Patrick Barnard on January 03, 2017

SoFi has worked closely with Fannie Mae to develop a new refinance program that helps borrowers mitigate student debt burden.