Technology

Monday Morning Cup of Coffee: What will Amazon's new HQ do to home prices?

Trump to announce new Fed chair this week
The deadline officially closed on applications to be the home of Amazon’s second headquarters. While the new headquarters is projected to create up to 50,000 new jobs, one negative side effect could be rising home prices for the city. Meanwhile, President Donald Trump is expected to announce next week who the much-anticipated Federal Reserve chair will be.
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Mortgage lenders: Here's your blockchain primer

One of the more exciting and misunderstood technologies today
[Expert Commentary] Blockchain is one of the more exciting – and often misunderstood – technologies being explored today. It offers the ability to record and track transactions in a decentralized database. Blockchain has the potential to change the game in the financial services industry by not only speeding up and providing complete visibility into financial transactions, but also significantly reducing costs.
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Fannie Mae: An update on Day 1 Certainty one year later

What we’ve learned and where we’re going
[Expert Commentary] Over the last year, more than 1,000 lenders signed up for one or more of Fannie Mae’s Day 1 Certainty services. Now, based on another year of listening and learning, Fannie Mae is building on the foundation laid last year with its new product offerings.
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DIMONT

DIMONT's Loss Drafts product expedites doc management for lenders and servicers

Borrower will be able to upload claim documentation to online portal
Loss Drafts allows all parties — borrowers, servicers, and DIMONT claims personnel — to upload claims-related documentation and to share case status information electronically, while allowing the servicer to use its call center to maintain direct borrower contact.
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Avoid the Folsom Prison blues: Why eNote adoption is on the rise

Hampered by uncertainty and misunderstanding
[Exclusive Op-ed from MERS] Make bad decisions and you’ll be left behind - this theme is driving a quiet surge within the mortgage industry to move primary mortgage origination to a completely digital consumer experience. However, despite these clear benefits, eNote adoption has been hampered by uncertainty and misunderstanding.
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Digital launches kick it up a notch during MBA Annual conference

Mortgage space works to integrate into digital space
This year at MBA Annual, the talk is all centered around the latest technology. Many companies are focused on launching products that improve the efficiency, cost and customer experience in the mortgage industry. Here is a roundup of the new products that have made their way across HousingWire’s news desk over the past couple of days.
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Watt: Shift away from FICO is among “most complicated” decisions for FHFA

FHFA considering alternative credit scoring but it’s going to take time
Just as he did back in August in a speech before the National Association of Real Estate Brokers’ 70th annual convention in New Orleans, Federal Housing Finance Agency Director Mel Watt told the crowd at the Mortgage Bankers Association Annual meeting in Denver not to hold their breath waiting for Fannie Mae and Freddie Mac to begin using alternative credit scoring models.
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Fannie Mae reveals major upgrade to its Day 1 Certainty product

Here are the companies involved in the pilot program
Fannie Mae revealed a major upgrade to its Day 1 Certainty program which it says will improve customer experience, create greater efficiencies and save money in the mortgage origination process. While most companies will have access to the new solution beginning in 2018, a select few are participating in Fannie’s pilot program, and will have first access to the technology.
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