This is why millennials need a new credit scoring system

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
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Items Tagged with 'lender'

ARTICLES

CFPB issues confidential supervisory information bulletin

Non-disclosure agreements can't hinder CFPB oversight
The Consumer Financial Protection Bureau reminded the industry just how much power it has on Tuesday, when it issued a bulletin to supervised financial institutions, including nonbank companies, reviewing regulations about the treatment of confidential supervisory information.
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How do borrowers define excellence?

Winning your next customer over requires innovative thinking
Why can’t the consumer have total transparency and track their loan (start to finish) through a smartphone application? Borrower surveys point to the time between application and approval as being the most stressful for borrowers. If anxiety is driven by the unknown, shouldn’t lenders take the unknown out of the equation?
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Executive Conversation: Mitigating risk with eLynx post-close automation

Data-driven process makes vendor management easier

"The beauty of data is it allows for process improvement. One problem that plagues any manual process is that feedback tends to be anecdotal. A data-driven process allows you to identify common errors made at the closing table and rectify them by modifying documents and training your vendors." 


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Stonegate CEO never claimed to graduate from Indiana University

Jim Cutillo’s side of the story
The Indianapolis Business Journal published an article on Wednesday asserting that Stonegate Mortgage Corporation Founder and CEO Jim Cutillo did not earn a degree from Indiana University as the company has claimed. The problem: Cutillo never said he graduated from IU or anywhere else.
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Transitioning to Integrated Disclosure, part 1

Lenders planning to start out with a manual process are underestimating the challenges

In this current transition chaos, some lenders are assuming, perhaps hoping, that existing loan origination or doc prep systems will handle the new procedures with the lender filling in the gaps in technology with staff and manual support. 


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