Two months wandering in a new compliance landscape makes the prospect of a seamless, paperless eMortgage even more compelling. In our increasingly digital society, an entirely paperless process for mortgage loan origination seems to be the next logical step.
Gabe Medrano just started as the go-to guy for the correspondent lending division at NexBank, and already he is seeing something he doesn't like. In front of him early on a Thursday morning, on his computer monitor, the Dow Jones Industrial Average...
The now ubiquitous term “housing economy” isn’t just another industry buzzword: it’s a phrase whose coinage is claimed by HousingWire. And it also happens to be a term that helps capture and frame our raison d’être as a publishing house covering the sprawling housing finance space.
It doesn't exactly send a terrible shiver down the spine in the same way as, say, IRS might. By comparison, HOA bears a somewhat comfortable ring -- standing of course for homeowners' association. Yet for RMBS investors, the man from the HOA can has as chilling an effect as the dreaded taxman.
Bill Ashmore doesn’t want to date himself. But he does. And he really, really does when he recalls a time in the mortgage business when work happened before the advent of the computer. Back then, when Ashmore started, scanning the room of a mortgage office likely meant a visual presentation that in 2013 appears like a scene from Argo.
In late June, the rally in the stock market came to a crashing halt. Jittery investors watched from the sidelines as their bearish side took control, unable to do anything but watch the New York Stock Exchange slip below 15,000 — victims of their own making.
Wow! That was our reaction to the response we received for this year’s HW TECH100 call for nominations. This year, more than 250 companies submitted a nomination, and we’re grateful for the interest in our efforts with this unique program.</p>.
In the tech world a “stack” refers to all the elements of something. For the mortgage industry, the idea of the single stack is that one platform (digital, automated and based in the cloud) can either meet all of the functional requirements involved in assembling a mortgage, or can serve as an efficient moderator for the process via open APIs (application programming interface), which are now taking off within the mortgage industry.</p> Read More
Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB.</p> Read More