From The Orb

New Licensing And Bonding Requirements For Iowa Appraisal Management Companies

Orb Staff
Todd Bryant on Jul 26, 2016

BLOG VIEW: Appraisal management companies (AMCs) in Iowa are now required to comply with a new set of requirements and conditions, as mandated by a recently enacted bill. The bill includes provisions on the conditions under which AMCs in Iowa may [Read More]

Brent Chandler: Auto Verification Leads To Greater Purchase Certainty

Orb Staff
Orb Staff on Jul 25, 2016

PERSON OF THE WEEK: Brent Chandler is the founder and CEO of FormFree Holdings Inc., producer of AccountChek, an investor-accepted automated asset verification solution that collects and analyzes data directly from a borrower’s financial institution to help lenders save time, [Read More]

Homeowners: Are They Stingy?

Orb Staff
Sue Woodard on Jul 20, 2016

BLOG VIEW: A highly reliable source indicates there are more people wanting to buy homes than there are willing to sell them. The National Association of Realtors’ Housing Opportunities and Market Experience Survey from the first quarter of this year [Read More]

The Evolution And Expansion Of HECM Loans

Orb Staff
Wynetta Byers on Jul 18, 2016

If you think the Home Equity Conversion Mortgage, or reverse mortgage, is a relatively new product, you had better think again.

Leonard Ryan: New HMDA Data Will Be A ‘Lawyer’s Paradise’

Patrick Barnard on Jul 18, 2016

PERSON OF THE WEEK: Leonard Ryan is founder and president of QuestSoft, a provider of automated compliance software to the mortgage banking industry. MortgageOrb recently interviewed Ryan to get his perspective on how lenders should go about preparing for the [Read More]

Wade Hamby: More Clarity Around TRID Greatly Needed

Patrick Barnard on Jul 11, 2016

PERSON OF THE WEEK: Wade Hamby is the national director of sales and marketing for The StoneHill Group, a provider of domestic mortgage outsourcing and consulting services, including quality control (QC), loan fulfillment, mortgage due diligence, collateral audits, contract underwriting [Read More]

Josh Friend: What Lenders Can Do To Prevent Borrower Frustration

Orb Staff
Orb Staff on Jul 06, 2016

PERSON OF THE WEEK: Josh Friend is founder and CEO of InSellerate, a specialized customer relationship management system that enables lenders to immediately connect to leads while prospects are actively engaged in the decision-making process, manage their sales team in [Read More]

Dennis Boggs: Mortgage Lenders Moving Rapidly To Cloud-Based Origination

Patrick Barnard on Jun 29, 2016

“A great deal of the origination process is now digital, and we are getting very, very close to complete e-mortgages.”

Surety Bond Now Required For Idaho Appraisal Management Companies

Orb Staff
Vic Lance on Jun 27, 2016

BLOG VIEW: In Idaho and across the country, the appraisal management industry is still young, but a new law passed by the state will further define and establish the profession. The new surety bond requirement is perhaps the most major [Read More]

Sam Heskel: Appraisers Are Badly In Need Of A Raise

Orb Staff
Orb Staff on Jun 20, 2016

“Already, we’re seeing appraisers in some rural areas charging $800 for an appraisal, which is about double what lenders are usually willing to pay.”

Anita Bush: How Fannie’s New Investor Reporting Requirements Will Impact Servicers

Orb Staff
Orb Staff on Jun 13, 2016

PERSON OF THE WEEK: Anita Bush is assistant vice president of mortgage servicer product development for FICS, which offers a variety of tools for automating most aspects of the servicing process. MortgageOrb recently interviewed Bush to learn more about how [Read More]

New Automated Verification Services Lead To Improved Loan Quality

Orb Staff
Rajesh Bhat on Jun 08, 2016

BLOG VIEW: At first glance, there has never been an easier time to get a loan. Financial institutions and lenders saturate the market with offers of low-cost credit – all promising quick approval.

Jim Mortensen: Auto-Verification Reduces Fraud, Improves Loan Quality

Orb Staff
Orb Staff on Jun 06, 2016

PERSON OF THE WEEK: Jim Mortensen is vice president of identity solutions for Early Warning, a provider of automated verification solutions to the mortgage industry.

Arturo Garcia: AVMs Advancing But Will Never Replace Human Appraisers

Orb Staff
Orb Staff on Jun 01, 2016

“There will always be a need for local knowledge and expertise, not to mention an on-site evaluation of the physical property.”

Michael Ball: Online Lending Platforms Will Increase Competition

Orb Staff
Orb Staff on May 25, 2016

PERSON OF THE WEEK: Michael Ball is vice president of markets and strategy for Integrated Media Management (IMM), a provider of e-signature and automated transaction technology. MortgageOrb recently interviewed Ball to learn more about how mortgage lenders can differentiate themselves [Read More]

Another Reason To Adopt E-Mortgage Technology: Making The Lorax Happy

Patrick Barnard on May 20, 2016

BLOG VIEW: There are lots of great reasons for mortgage lenders to adopt the e-mortgage, but one huge benefit that sometimes gets overlooked is the tremendous savings on paper. According to recent research conducted by e-signature technology firm SIGNiX, a [Read More]

Has TRID Really Lowered Lender Profits?

Orb Staff
Peter G. Miller on May 16, 2016

It may be that TRID’s apparently negative impact on the bottom line is less certain than initial numbers suggest.

Kapil Dhakad: Technology Enabling Lenders, Servicers To Bring Compliance In-House

Orb Staff
Orb Staff on May 16, 2016

PERSON OF THE WEEK: Kapil Dhakad is vice president of IndiSoft, a provider of software and integration services to the mortgage industry.

William Fall: The Biggest Challenge With Collateral Underwriter ‘Is The Scores’

Orb Staff
Orb Staff on May 11, 2016

PERSON OF THE WEEK: William Fall is the founder and CEO of Valuation Partners, a national appraisal management company with access to thousands of independent fee appraisers in all 50 states and many U.S. territories. MortgageOrb recently interviewed Fall to [Read More]

Greg Schroeder: The Critical Importance Of Monitoring Third-Party Relationships

Orb Staff
Orb Staff on May 04, 2016

PERSON OF THE WEEK: Greg Schroeder is president of Mission Viejo, Calif.-based Comergence Compliance, which is focused on third-party originator and appraiser risk management and offers a SaaS-based vendor management solution.