The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

In a purchase market, rookie LOs may struggle

Rookie LOs in 2020 could ride the refi wave and rack up a hefty monthly paycheck without Herculean effort. But these days, they'll have to sing for their supper.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

With a rise in natural disasters, including wildfires, hurricanes, floods, tornadoes and mudslides. The mortgage industry needs to be proactive in examining programs to help borrowers recover.

Awards

2020 HW Tech Trendsetter: Patrick Sells

Quontic, Chief Innovation Officer

Patrick-Sells
Patrick Sells, Chief Innovation Officer, Quontic

As chief innovation officer at Quontic, Patrick Sells is an award-winning leader who has been recognized for his digital innovation in banking. Sells led the digital transformation of Quontic from a struggling community bank to a nationally recognized digital bank which is now at the forefront of many technology breakthroughs. Stepping into his role, his strategy was to combine today’s Millennial workforce with experienced and open-minded leaders at community banks to create a powder keg for innovation. Sells says he believes innovation means taking a new approach by doing things differently and reframing existing processes, and through his role at Quontic, he is changing how banks operate today. Quontic offers a community development loan program, through which they can lend to non-traditional borrowers, such as immigrants, commission wage earners or self-employed people with an inability to document income traditionally. Under Sells’ leadership, Quontic launched a national wholesale mortgage division, which is quickly growing and has increased the footprint of Quontic with new lending offices. Sells and the wholesale lending team have used technology to offer new, accessible refinance solutions. Underwriter decision efficiency has increased 75% from January to September 2020, openings increased 170% from January to September 2020, and loan originations increased 131% from January to August 2020. 

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3d rendering of a row of luxury townhouses along a street

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