A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Biden’s executive order will extend foreclosure moratorium

President Biden revealed his plan to sign 17 executive orders his first day in office, including am extension of the eviction and foreclosure moratorium to at least March 31.

How servicers continue to protect neighborhoods amid COVID

We spoke with MCS CEO Caroline Reaves about self-service technology, the shift to virtual and how servicers can prepare for post-COVID success by improving processes today.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

FintechMagazine

No, technology is not displacing loan officers

MLOs provide expert guidance and homebuyer education

MLOs

The pace of innovation in residential lending has undoubtedly been slower than other areas of financial services, but in recent years the industry has taken a few massive steps forward.

We’ve digitized much of the mortgage application process, solving for many of the pain points that plagued homebuyers for years. Borrowers don’t miss the days of bringing large folders to their bank with paystubs, bank statements (even the blank pages!), years’ worth of tax returns and other paperwork that a human would patiently photocopy before sitting down to process – sometimes for hours and days to come. And we can nearly all agree that typing our own name into a self-service tool is more efficient than spelling it out loud for a loan officer.

But the idea that LOs are becoming less vital to the process is simply not one I can get behind. It’s true that the days of the LO functioning as a data gatherer are rapidly fading away, but their role is shifting to an even more critical one – an expert counselor for homebuyers.

Most Popular Articles

Biden’s executive order will extend foreclosure moratorium

President Biden plans to sign 17 executive orders his first day in office, including an extension of the eviction and foreclosure moratorium.

Jan 20, 2021 By

Latest Articles

SitusAMC acquires Assimilate Solutions

Technology firm SitusAMC announced its acquisition of mortgage and title outsourcer Assimilate Solutions on Monday – it’s second acquisition in January.

Jan 25, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please