(This is part three of a three-part series.) BLOG VIEW: In the first part of this series, we described how the innovative tools now widely available in the mortgage industry can better enable mortgage loan officers (MLOs) to make immediate [Read More]
BLOG VIEW: It’s not your imagination. There are a lot more mortgage options available with little down than in the past. The part of the marketplace long dominated by Veterans Affairs and Federal Housing Administration (FHA) financing now has new [Read More]
PERSON OF THE WEEK: Jim Micali is chief operating officer for LERETA, a provider of tax reporting solutions and data to the mortgage servicing industry. MortgageOrb recently interviewed Micali to get his view on whether the recent increase in mortgage [Read More]
Even borrowers with “lower” credit scores, say 620 or 640, are likely to have less relative debt than just a few years ago.
BLOG VIEW: This year is the 50th anniversary of Star Trek, the enduring sci-fi franchise that now has multiple generations of television and movie fans. Reading about the anniversary got me thinking about Mr. Spock’s Vulcan mind meld. It allowed [Read More]
(This is part two of a three-part series.) BLOG VIEW: In the first part of this series, we described how the innovative tools now widely available in the mortgage industry can better enable mortgage loan officers (MLOs) to make contact [Read More]
BLOG VIEW: IT executives in the lending space face enormous pressures when it comes to technology investments such as loan origination system (LOS) selection. Given the regulatory pressures in recent years, lenders have had ample motivation to switch systems. And, [Read More]
BLOG VIEW: Forget about the saying, “When life gives you lemons, make lemonade.” When it comes to the current market, I’d say, “Do something different, and make Arnie Palmers.” Today, there is good and bad news everywhere. Depending on where [Read More]
(Note: This is part one of a three-part series) BLOG VIEW: One of the great technological advances in the mortgage industry has been in customer relationship management (CRM) systems. These systems, designed specifically for the mortgage industry, empower the lender [Read More]
BLOG VIEW: Loan officers have a lot to worry about, from the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule, to if and when the Fed will move rates, to how to help the next client. With so much going on, [Read More]
PERSON OF THE WEEK: MortgageOrb recently interviewed Yashodhan Ratnakar to get his take on how new regulations have changed the vendor management landscape for servicers in recent years.
BLOG VIEW: Mortgage servicers remain under heavy pressure from regulators and investors and have, therefore, learned to carefully manage their vendor relationships. Quality, compliance and speed of delivery are all critical concerns. The vendor that pays close attention to technology [Read More]
PERSON OF THE WEEK: Having been a third-party risk management provider since 2005, Opus Capital Markets Consultants has been in the unique position of helping the mortgage industry undergo a major (and often painful) transformation during the past 10 years. [Read More]
PERSON OF THE WEEK: Today’s IP-based contact center systems are helping mortgage servicers gain new efficiencies, hold down operating costs and maintain compliance. The vendors that provide these systems often play an important role in helping servicers get the most [Read More]
BLOG VIEW: It is generally acknowledged that underwriting is the most crucial function of the mortgage loan production process. And, in most cases, underwriters’ compensation reflects how important they are to a lender’s business. Yet, too often, underwriters’ skills aren’t [Read More]
BLOG VIEW: The housing industry has seen solid gains in the last several years, helping lift overall economic growth. In fact, existing-home sales maintained their upward trajectory in June and increased for the fourth consecutive month, according to the National [Read More]
BLOG VIEW: Having worked with hundreds of successful retail branch managers over the last 20 years, I am often asked what the common traits are of the most successful originators and managers. The reality is there are many factors that [Read More]
Ask speculators who experienced the Lehman meltdown and they will tell you that there are certain signs they wish they hadn’t missed.
PERSON OF THE WEEK: As appraisal management companies (AMCs) respond to regulatory changes and a shortage of appraisers, they are increasingly looking at expanding their offerings beyond traditional commercial appraisals to include other valuation services. Commercial evaluations have become a [Read More]
PERSON OF THE WEEK: Brian Simons is founder and president of Altavera Mortgage Services, offering collaborative, end-to-end loan fulfillment services to residential loan originators. Previously, he served as executive vice president and chief operating officer of Urban Lending Solutions, one [Read More]