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REwired

Here's the inventory crisis smothering Millennial homebuying

3 factors blocking homeownership
Regardless of whether Millennials want to buy a home or not, there first must be a home available to purchase. In an interview with HousingWire, Daren Blomquist, senior vice president at ATTOM Data Solutions, identified three key factors keeping housing inventory in a drought, barring entrance for aspiring young homeowners.
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Want to be on the cover of HousingWire Magazine? Here's your chance

One Rising Star award winner honored with magazine cover
Have you ever wanted to be on the cover of a magazine? You get to show off to all your friends, family, and colleagues – many of whom will likely come traipsing into your office and begrudgingly ask for your autograph. Have you ever wanted to the envy of the entire housing industry? Well, here’s your chance to do both.
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Guess who just joined the HousingWire free Appraisal webinar?

Hint: He works with the largest mortgage finance entity in the nation
HousingWire is hosting a free webinar next week on the state of the appraisal industry in 2017. We are already getting flooded with questions and, lucky for all of us, Zach Dawson, the director of collateral strategy at Fannie Mae, will join us. Here's how to sign up!
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Monday Morning Cup of Coffee: Was TRID worth it?

Plus a window into the credit invisible
For businesses in the mortgage space, there's some optimism of late thanks to the Trump administration's emphasis on deregulation. And that's understandable. But what about all the time, energy, and money that the industry spent over the last few years dealing with a glut of new regulations? Was it all worth it?
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Fannie Mae CEO: G-fee pricing is in the "right zone"

No one is complaining about the free stuff, either
One of the larger shifts this quarter, although profits remain flat, is earnings from guarantee-fees now outpace portfolio investments. In other words, Fannie Mae is now making more money off of business it is doing rather than business it once did.
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Pavaso blog header revision 2

Closing Call

Taking ID verification to the MAXX

New tool lets lenders validate borrower's identity, character references
With its latest tool, IDMAXX, Pavaso has enabled lenders to achieve two aims with one solution. By leveraging a borrower’s network for both identity verification and character references, lenders can be assured that 1) the borrower is who they claim to be and 2) the total picture they have of that borrower, and the risk that borrower may pose, is accurate and complete.
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Redefining when the mortgage process starts

It's not what you think
Traditionally, there is plenty of jockeying for position amongst the differing players in the real estate transaction, particularly between lenders and realtors, over who owns the relationship with the consumer. Be warned: There isn’t going to be any place for that kind of possessiveness in the post-TRID market.
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The production challenges beyond TRID

Transitioning to a digital space
If the mortgage industry is serious about addressing the longer closing times created by TRID, not to mention attracting millennials as potential homebuyers and/or employees, it has got to get with the times. And the times? They are digital.
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A new era of solutions

Recapping last week's posts and tech progress this year

Solutions exist today that can help with a large majority of the business process shifts that will result from the rule. And the last year has provided an opportunity for them to solve things further.  


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