Mortgage rates, loan limits and forbearance

We cover the increase in conforming loan limits for Fannie and Freddie and what forbearance numbers and record-low rates could mean for the housing market.

Untying business growth from the housing market cycle

Lenders need business growth that is not linear and is not tied to the market cycles – leveraging automation technology can help.

The practical use of AI for LOs

The combination of tightly-packed schedules and intensive oversight means augmenting loan officer’s efforts with intelligent systems is more relevant than ever.

HousingWire's 2020 Tech Trendsetters

This year’s list of Tech Trendsetters certainly earned their status as the industry was met with incredible challenges and new opportunities.

Awards

2020 HW Vanguard: Richard Gagliano

Black Knight, President, Black Knight Origination Technologies

Gagliano-Richard-2020-Vanguard
Richard Gagliano, President, Black Knight Origination Technologies, Black Knight

Richard Gagliano is a skilled and talented leader who is leading efforts to deliver on innovation to support Black Knight’s success and working collaboratively with the company’s lender, capital markets and GSE clients to support a more advanced mortgage industry. 

That success is evidenced by the number of new clients signed, cross-selling to existing clients and delivering innovative solutions that help clients grow their business, protect their business from risk and further streamline operations. Under Gagliano’s leadership, Black Knight created a unique approach for implementing the Empower loan origination system to support mid-tier lenders with origination. 

It enables mid-market lenders—including regional banks, credit unions and independent mortgage bankers—to gain the benefits of the Empower LOS with reduced implementation timelines, costs and complexity. The solution, which was built based on the industry’s most common lending practices for retail lending, can help clients streamline processes and support regulatory compliance. Gagliano also led Black Knight in launching new solutions outside of the core LOS platform to help originators better serve their customers, increase productivity and comply with regulatory requirements. 

Examples of these solutions include AIVA, Regulatory Assist, Fee Service and the Actionable Intelligence Platform. In response to the need for more virtual closings as a result of the COVID-19 pandemic, Gagliano helped lead the effort to create enhancements to Black Knight’s Expedite Close solution to enable lenders, settlement agents and consumers to securely collaborate online. After Black Knight’s acquisition of Compass Analytics in 2019, Gagliano also assumed leadership of that area of the company. 

What’s the best advice you’ve ever received?
Stay highly focused on your customers, whether external or within your organization. Listen and engage your clients to ensure you deliver the right solutions. Remember that giving the best possible service is key, even when things are not going your way.

Most Popular Articles

The downside of the hot 2020 housing market: rapid home-price growth

The mismatch in the COVID deflationary impact toward the economy overall and the strength of the housing market due to demographics makes for a troubling formula for home-price growth, which we are seeing. The recent NAR existing home sales report showed 15.5% year-over-year growth in prices. HW+ Premium Content

Nov 30, 2020 By
3d rendering of a row of luxury townhouses along a street

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