Articles by Sarah Wheeler

From HW Magazine

Hot Seat: Angela Cheek of Ellie Mae

Compliance Management System brings all parties together
The Ellie Mae Compliance Management System leverages Mavent, an automated compliance system which performs more than 370 federal, state and local consumer protection compliance reviews during the loan lifecycle. It also references AllRegs Online to ensure users are up-to-date and in compliance with the latest regulatory changes.
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Don't miss it: Women of Influence nominations close at midnight

Recognizing the most influential women in housing
The 40 women we recognized last year represent a broad cross-section of our industry. Our list included CEOs and CFOs, but also legal officers, sales directors and those in charge of business development. They work in lending, servicing, real estate and investing, but they all have one thing in common: excellence.
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Monday Morning Cup of Coffee: Should mortgage lenders consider payday loans?

Plus, the most polluted housing market in the country
The same regulators that have driven up mortgage loan origination costs are now training their sights on payday lenders. Payday lending rules proposed by the Consumer Financial Protection Bureau would prevent consumers from re-borrowing to pay the interest on these loans, but has other consequences that hurt both lenders and consumers.
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Existing home sales rebound 5.1% in March

More than 40% of homes sold in less than a month
Existing home sales rose in March, as buyers pushed past "depressed inventory levels and steady price growth" to close on a home. The strength of the market is built on the performance of the mid-priced markets, as sales are softer at the very low and very high ends of the market.
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Executive Conversation: Brian Fitzpatrick on the future of loan origination

LoanLogics offers flexible solutions and business intelligence for the next wave of consumers
The future demands a flexible workflow and flexible rules. It demands that certain things that are critical to the mortgage asset are accessible via an API, or application programming interface. This is a different mentality than we’ve seen in the past, with lenders using brittle, inflexible monolithic-type systems.
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Monday Morning Cup of Coffee: Boomer renters, W-2 thieves and affordable housing

Plus, avoiding hipsters
With April 15 fast approaching, companies are dealing with requests for W-2 forms from a variety of sources. Unfortunately, these forms are being stolen by cyber thieves who are then filing fake returns and collecting taxpayer refunds. Meanwhile, did you manage to make it through April Fools' Day unscathed? This joke from Trulia tricked a few.
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Executive Conversation: Curtis Knuth on how to improve the IRS' income verification process

National Credit-reporting System advocates for electronic delivery
The IVES program’s current turn-time is 84-96 hours due to the filing season. A system interface would reduce the IRS’ cost and reduce turn time to a near instant response. These efficiencies would push the tax transcript transaction from underwriting to application and open up qualifying other finance transactions.
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Executive Conversation: Mohammad Rashid on creating an agile mortgage process

Tavant Technologies offers a surround and extend strategy for lenders
This new borrower experience requires lenders to be nimble and agile in their interactions, but most of them are burdened with back-end legacy systems that are usually monolithic and inflexible. Tavant’s “surround and extend” strategy allows such lenders to keep the core systems intact while creating an abstraction layer that allows development of advanced extended features outside of these systems.
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