Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'lender'

ARTICLES

Simplifile adds two new settlement agent services

Connects settlement agents and lenders
Brena Swanson
Simplifile added two new services, Collaboration and Post Closing, to its online platform to ease the communication process between lenders and settlement agents.
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The CFPB identifies 6 compliance violation trends

Number three bodes ill for TILA-RESPA problems
Brena Swanson
The Consumer Financial Protection Bureau pulls back the curtain on what violations they are seeing most. Do you fall into any of six mortgage violation trends the bureau identifies?
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CFPB issues confidential supervisory information bulletin

Non-disclosure agreements can't hinder CFPB oversight
Brena Swanson
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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Winning your next customer over requires innovative thinking
KPMG
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
Sarah Wheeler

"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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Drop in mortgage rates won't boost lender demand

Current refinance demand isn't sustainable
Brena Swanson
Despite a drop in mortgage rates and an increases in applications, one article argues that this looks more like a false dawn than a bright morning for mortgage lenders.
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Goldman Sachs records strong 3Q earnings

Net income rises 48%
Brena Swanson
Goldman Sachs Group was next on the earnings calendar, with its third-quarter net income surging 48% and posting the first revenue gain in over a year.
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Stonegate CEO never claimed to graduate from Indiana University

Jim Cutillo’s side of the story
Brena Swanson
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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Five years later, banks have not forgotten your debt

Americans still face post-foreclosure consequences
Brena Swanson
As Americans slowly rebuild their finances in the aftermath of the financial crisis, debt collectors are lurking around asking for money that borrowers unknowingly still owe.
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Lenders planning to start out with a manual process are underestimating the challenges
Alec Cheung

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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