Sarah Wheeler is the Managing Editor for HW Content Solutions. She joined HousingWire in November 2013 as Content Editor and was quickly promoted to Magazine Editor. Sarah has an extensive background in journalism and marketing.
For most lenders, 2018 has been a tough year for their mortgage origination business. Creative new approaches like the Affordable Lending Pilot Program are needed if mortgage lenders are going to expand their business, and underserved borrowers present a significant opportunity for lenders willing to think outside their typical credit box.
As predicted, it’s been a brutal year for the mortgage industry. But our Knowledge Center is brimming with resources to streamline your operations, close faster and work smarter. Industry experts detail how to cut review time by 33%, reduce licensing fees by 57%, expand home equity lending, and more.
In the midst of significant economic headwinds, lenders are developing their 2019 budgets, and top concerns include increasing production and decreasing turn-times. The prime driver for the next year has to be efficiency, which makes choosing the right technology partner especially important. Lenders using FirstClose are seeing efficiencies in two areas that will be critical for success in the next year: home equity fulfillment process and vendor management.
Over the last two years, Optimal Blue has strategically acquired several companies, built an extensive API network, and invested heavily in automation and technology with one goal in mind: to create an entirely automated secondary marketing ecosystem for mortgage originators and investors, as well as the technology providers they rely upon every day.
Radian CEO Rick Thornberry discusses One Radian — his company's new brand identity and the catalyst behind innovative new products and services. "We want to be a force of positive disruption and are committed to creating a new future that strategically leverages technology and data to drive digital transformation of our business and the markets we serve," Thornberry says.
There is a disconnect between the digital consumer experience and the more fragmented, manual processes that continue to slow down and increase underwriting costs. Jay Kingsley, executive for credit solutions at CoreLogic, discusses how his company's AutomatIQ Borrower pulls all the disparate borrower underwriting tools together into one integrated solution delivered from one provider.
Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Celeste Starchild, SVP Professional Software, Move, Inc. and General Manager of ListHub, to talk about how brokers can manage their active real estate listings through ListHub to generate more leads.
Lenders who are still using a manual "stare and compare" method to assure data accuracy on loan files are not only wasting time but also putting their business at risk of compliance violations. In this executive conversation, Phil McCall, president of ARMCO, explains how lenders can radically increase their efficiency while reducing their risk by using ARMCO's DataSure. DataSure automatically parses and evaluates data on virtually any type of loan document, cross comparing that data to the lender’s source system and automatically communicating all corrected data fields back into that system.
Capsilon IQ automates manual, repetitive tasks, allows for better available data and recaptures 10+ hours per employee each week. With a new Data Audit productivity app, Capsilon creates an Intelligent Work Experience where technology maximizes employee productivity and makes lenders’ existing systems more powerful.
Lenders weighing whether to buy or build the technology they need to be more efficient and competitive in this market now have another option: they can partner with Visionet Systems and take advantage of 'zero upfront cost technology.' Alok Bansal, managing director of Visionet Systems, explains how his company's pay per use model works to get lenders ROI from the first day of use.