Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Mortgage

2017 HW Vanguard: Steve Smith

Chief Financial Officer at Stearns Lending

As a seasoned industry professional with nearly three decades of mortgage banking and financial services industry experience, Steve Smith, chief financial officer for Stearns Lending, has used his superior leadership skills and a strong background in financial systems, operational activities and compliance management systems to lead Stearns Lending into the digital age. smith

This past year, Smith worked closely with the company’s technology leaders and their teams and completed the successful transition of the company’s accounting, accounts payable and procurement functions to a seamless digital platform. 

The efficiencies and cost controls achieved had a nearly immediate impact. In addition, the platform allows for a full vendor management and maintenance cycle that is of immense strategic value for the entire enterprise – especially given the increased focus on compliance and managing vendor risk.

Many lenders face a digital divide – a state in which the customer-facing systems have gone digital, but the workforce has not. The new streamlined experience for the Stearns workforce makes the company one of the few that has removed this impediment and linked its team members to digital tools for support, connectivity and collaboration. Smith led this successful effort while also ensuring that his teams responsible for treasury and finance activities and strategies achieved superior performance levels in their respective disciplines.

“The benefits of our digital platform go beyond the quantifiable efficiency improvements and cost control numbers. The new streamlined experience for the Stearns workforce reaps both tangible and intangible rewards,” Smith said.

What’s the best advice you’ve ever received?

“Staying focused on what is important and not getting distracted by the fire of the day.”

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Are we back to a normal housing market?

Favorable demographics should keep the housing market ticking. But watch for home prices escalating out of control and rates moving up sharply, writes columnist Logan Mohtashami. HW+ Premium Content

Jul 26, 2021 By
3d rendering of a row of luxury townhouses along a street

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