The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.

Fintech

What fintech does your company need in 2021?

Examining build versus buy

Housing-2021

2020 served as a real litmus test for mortgage technology and fintech. Between having to transition whole teams to work from home — in some cases over just a weekend — to dealing with crushing origination volume, companies could clearly see the advantages or disadvantages of the technology they had invested in. 

For 2021, I talked with Scott Petronis, principal of Xcentric Consulting and one of the architects of HousingWire’s HousingStack ecosystem, about three areas of fintech he’s keeping an eye on in the new year.   

End-to-end tech vs disparate tech solutions

The age-old dilemma of build versus buy has morphed a bit in the last few years, as even companies who do a prodigious amount of in-house development are seeing a need to integrate some outside solutions. Today the conversation is more about whether to choose an all-in-one solution or piece together separate best-in-class solutions. 

Petronis said that there’s no right answer on this question, it’s just a matter of where a company wants to deploy its resources.

“My bias on this topic is to try to build a system out of individual best-in-breed solutions, as opposed to relying on a single vendor to run your business,” Petronis said. “But that advice has caveats. Integrating those best-in-breed solutions typically means you have to be able to do some level of integration yourself, so it’s typically more effort. You have to figure out what best means, identify the best vendors and have the capability to do those evaluations.

“Once you layer on the regulatory constraints, you really need an in-house team capable of doing that, or a trusted partner/consultant. It can be daunting if you don’t have the resources, time and skillset. 

The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a member? log in

HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.

Most Popular Articles

Millions will enter housing market in 2021: Zillow

Up to 2.5 million households could enter the housing market in 2021, per Zillow. The buyers will descend on the “secondary cities” across the U.S.

Apr 07, 2021 By

Latest Articles

William Raveis ain’t no stinkin’ iBuyer

Like others, resi brokerage & lender William Raveis is happy to buy your home. But its new program doesn’t mean it’s an iBuyer.

Apr 09, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please