From The Orb

Carlos Sa: Building Your Own Lending System Offers Many Benefits

Written by Patrick Barnard on April 24, 2017

PERSON OF THE WEEK: Although most mortgage lenders use “best of breed” or “out of the box” loan origination systems (LOS) from the top vendors, there are still plenty out there which have developed – and which continue to support [Read More]

CFPB To The Rescue: Revisions To The Revised HMDA Rules

Written by Michael Vitali on April 18, 2017

As is to be expected with any regulatory change, there has been some confusion and uncertainty surrounding these new rules.

Using Old Technology Is One Way To Drive Away Mortgage Customers

Written by Josh Friend on April 17, 2017

BLOG VIEW: When was the last time you used a fax machine? Can’t remember? Neither can I. Yet the other day, I found myself speaking with a company that could only take my order if I sent it via an [Read More]

Linn Cook: An Open LOS Gives Lenders Flexibility Today And Tomorrow

Written by Patrick Barnard on April 17, 2017

PERSON OF THE WEEK: Mortgage lenders everywhere are upgrading to e-mortgage capabilities, which means they are moving away from the traditional paper-based processes of the past and converting over to all-digital processes. That means lenders are increasingly investing in new [Read More]

Closing Time: Learning Lessons From AI

Written by Chris Backe on April 14, 2017

CLOSING TIME: In the classic sci-fi film “2001: A Space Odyssey,” two astronauts find their lives in jeopardy when an onboard ship computer thinks it is smarter than the humans that built it and takes over their space mission. A [Read More]

Balancing High-Tech And High-Touch Customer Experience: Why It Matters

Written by Sandeep Hinduja on April 12, 2017

In the quest to deliver a high-tech borrower experience, lenders may inadvertently isolate high-value borrowers who prefer physical interaction.

Digital Marketing And Big Data Will Determine Mortgage Lenders’ Future Success

Written by Dana Fortin on April 10, 2017

BLOG VIEW: Today more than ever, organizations of all kinds are competing to stand out among their competitors. With the never-ending marketing noise, it is almost impossible to successfully market to consumers without a solid strategy, and mortgage lenders are [Read More]

Bob Jennings: In Mortgage, Automated Compliance Is The Only Way To Go

Written by Patrick Barnard on April 03, 2017

PERSON OF THE WEEK: Bob Jennings is CEO of ClosingCorp, a provider of residential real estate closing cost data and technology. MortgageOrb recently interviewed Jennings to learn more about where mortgage compliance is headed in 2017 and how automation is [Read More]

Buying A House? Use Only Licensed Mortgage Brokers

Written by Todd Bryant on April 03, 2017

BLOG VIEW: For people wanting to buy a home, working with a professional mortgage broker is of crucial importance. Mortgage brokers save buyers time and money, have access to lenders that are unavailable to buyers, and generally have a better [Read More]

Sanjeev Dahiwadkar: Trump’s ‘Two For One’ Order Creates Regulatory Murkiness

Written by Patrick Barnard on March 27, 2017

PERSON OF THE WEEK: The Trump administration’s executive order requiring federal regulatory bodies to eliminate two existing regulations for every new one they enact is just one of many actions that have created regulatory uncertainty for mortgage lenders and servicers. [Read More]

GIS Technology Now A Critical Tool In Flood Zone Determination

Written by Priscilla Anand on March 20, 2017

BLOG VIEW: We know that flooding is a major natural disaster that affects many parts of the world, including developed countries such as the U.S. It causes billions of dollars in infrastructure and property damage, as well as loss of [Read More]

Paul Wetzel: E-Mortgage Adoption Means Lenders Must Focus On Security

Written by Patrick Barnard on March 13, 2017

PERSON OF THE WEEK: The e-mortgage has been evolving for several years now, and the mortgage industry is very close to achieving a true, end-to-end, fully digital mortgage process. Although some roadblocks remain, particularly with regard to the acceptance of [Read More]

MORNING COMMUTE: Solid Jobs Report But Wage Growth Still Lacking

Written by Patrick Barnard on March 10, 2017

MORNING COMMUTE: Welcome to Morning Commute, where it’s all about music and mortgages. And the music for this morning’s commute was: Led Zeppelin IV. Also known as the “Zoso” album. What can I say … it’s another total classic album [Read More]

Sean Hennessey: What Mortgage Professionals Need To Succeed

Written by Patrick Barnard on March 08, 2017

PERSON OF THE WEEK: Sean Hennessey is a Maryland-based vice president for Embrace Home Loans, a nationwide mortgage lender that has been in business for more than 30 years. Currently, the firm has more than 80 offices and is licensed [Read More]

Is The Economic News Too Good For Mortgages?

Written by Peter G. Miller on March 08, 2017

The essential mortgage story in 2017 is likely to revolve around three issues: history, rates and uncertainty.

Placing People At The Center Of Lending

Written by Matt Price on March 06, 2017

BLOG VIEW: In today’s marketplace, consumers are becoming more selective about the brands that they choose to work with, and this extends into mortgage lending, as well. Price and convenience will always be key factors, but increasingly, U.S. consumers are [Read More]

Michael Vitali: Now Is Not The Time To Relax On QC

Written by Patrick Barnard on March 01, 2017

PERSON OF THE WEEK: When it comes to the potential for regulatory rollback under the Trump administration, there are myriad possibilities. But, should the administration succeed in rolling back some or all of the onerous mortgage regulations put in place [Read More]

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]