From The Orb

Sanjeev Malaney: Wholesale Lenders Must Leverage Technology To Automate Key Processes

Orb Staff
Orb Staff on Aug 24, 2016

PERSON OF THE WEEK: Sanjeev Malaney is founder and CEO of Capsilon Corp., a provider of document and data management solutions that enable mortgage lenders, investors and servicers to increase productivity and lower costs while ensuring compliance. MortgageOrb recently interviewed [Read More]

Making The Most Of EAD

Orb Staff
George Paquette on Aug 22, 2016

BLOG VIEW: In recent years, change has been synonymous with challenge. Although many regulatory changes have created added burdens for lenders and other mortgage industry participants, it’s important to acknowledge the changes simplifying mandatory processes. Consider, for instance, the Federal Housing [Read More]

Bill Canfield: FHA Handbook Changes Require Servicers To Review QC Practices

Orb Staff
Orb Staff on Aug 15, 2016

PERSON OF THE WEEK: Bill Canfield is compliance consulting specialist with Wolters Kluwer, a firm that provides software solutions and expertise to help tax, accounting and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses, and [Read More]

Getting The Most Out Of Online Originations

Orb Staff
Lionel Urban on Aug 11, 2016

BLOG VIEW: Increasingly, shopping is being done online these days – and shopping for a mortgage is no exception. Millennials, in particular, are likely to at least start the process of looking for a home loan online. As that segment [Read More]

Jeffrey Brother: Finding Success Through Proper LO Support

Orb Staff
Orb Staff on Aug 08, 2016

PERSON OF THE WEEK: Jeffrey Brother is a Dallas-based branch manager for Embrace Home Loans, a direct lender for Fannie Mae and Freddie Mac, approved by the Federal Housing Administration and Veterans Affairs, and an issuer for Ginnie Mae. MortgageOrb [Read More]

Keith Guenther: Mortgage Companies To Further Consolidate Their Technology And Services

Orb Staff
Orb Staff on Aug 03, 2016

PERSON OF THE WEEK: Keith Guenther is CEO and founder of USRES and RES.NET, offering real estate owned (REO) disposition, default valuations services and technology to the mortgage banking industry. MortgageOrb recently interviewed Guenther to learn more about how the [Read More]

Closing Time: Investing Back Into Sales

Orb Staff
Chris Backe on Aug 03, 2016

(Editor’s note: “Closing Time” is a new, semi-regular “Blog View” series brought to readers of MortgageOrb by the folks at Velocify, which offers an automated marketing and sales platform geared for the mortgage industry. To read the first post in [Read More]

Why Mortgage Rates Aren’t Going Up Anytime Soon

Orb Staff
Peter G. Miller on Aug 02, 2016

BLOG VIEW: Mortgage rates have been consistently below 4% since New Year’s Eve, and there’s no reason to think they will suddenly soar. If anything, the market forces behind the lending process are pointing down in a way that may be [Read More]

Post-Crisis, The Word ‘Audit’ Strikes Fear In Most Mortgage Lenders

Orb Staff
Pramod Karachur on Aug 01, 2016

BLOG VIEW: We hear a lot about the constant changes in the mortgage industry. During the last few years, most of the changes have been due to new regulations and the need to be compliant with them. Companies have used [Read More]

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]