Articles by Sarah Wheeler

Q&A: Tavant Technologies’ Atul Varshneya on artificial intelligence and machine learning

Tavant answers three big questions about AI and ML in mortgage lending
During the Mortgage Bankers Association's recent Tech Solutions conference, HousingWire sat down with Tavant Technologies’ Atul Varshneya to discuss the disruption that artificial intelligence and machine learning can cause in the lending and mortgage spaces. Varshneya works at Tavant as a vice president and leads the company’s artificial intelligence/machine learning (AIML) practice, which has a strong focus on its application in the areas of mortgage and lending. 
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Pam Patenaude headlines the NEXT Mortgage Tech Conference for Women

Deputy HUD secretary has more than 30 years of expertise
The NEXT Conference takes place June 21-22 in Dallas and features informative panels, technology demos and the chance for mortgage lending executives to network. But one of the most exciting things on the agenda is the headliner: Pam Patenaude, deputy secretary at the Department of Housing and Urban Development. The deputy secretary position at HUD is similar to that of a COO, and Pam is leveraging 30 years of experience shaping and implementing housing policy as she manages the department’s $45 billion annual budget and approximately 8,000 employees.
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MBA Tech: Building the right IT infrastructure

Stacey Caster from Quicken Loans on choosing vendors and growing your infrastructure team
Mortgage companies looking to take advantage of the latest tech solutions have more options than ever before, but figuring out the right infrastructure for their business is complicated. After a panel on managing infrastructure at the MBA Technology Solutions Conference in Detroit on Wednesday, we sat down with Stacey Caster, vice president of technology communications at Quicken Loans, to find out how she approaches this task, and what advice she would have for other companies. 
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MBA Tech: What's next for the mortgage industry?

Leaders of loanDepot, Quicken, PenFed and CBRE share their perspectives
The companies represented by these executives are some of the most successful in our industry — or any industry. Their companies are diverse in size, scope and client base, but the executives have one thing in common — they see enormous opportunity in their employees and customers. Their vision is not limited to the current products or services that their current employees offer their current customers. In fact, these guys might disrupt more than just the mortgage industry.
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MBA Tech: Here are the biggest cybersecurity threats to mortgage companies right now

Ransomware and wire fraud are low-hanging fruit for criminals
Cybersecurity experts on several panels at the MBA Tech conference in Detroit on Monday outlined the greatest risks the mortgage industry is facing right now and what companies can do to prepare. Among the worst things that could happen? A ransomware attack. This extortion scheme has morphed in recent years, with individuals or companies offering ransomware-as-a-service, which puts another layer of criminality between you and your data.
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From HW Magazine

How mortgage companies are capitalizing on their greatest asset: big data

APIs have changed the game
The evolution from a paper-based process to this era of big data is astounding. Consider that according to IBM, 90% of the world’s data has been created in the last two years. The Internet of Things — your thermostat, refrigerator, even your kid’s Barbie doll — is increasing that data exponentially. For mortgage companies, that data represents a treasure trove more valuable than the gold bars stacked in the vault at the New York Federal Reserve Bank, but only if they can figure out how to harness it for their specific business. Fortunately, scores of fintech companies are ready to help.
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Why consumer protection regulation is necessary — but often useless

The TRID rule is a perfect example of good intentions colliding with reality
The TILA-RESPA Integrated Disclosure rule was conceived as part of the CFPB’s noble goal of giving consumers information about their total loan costs before they signed documents that bound them in a 30-year contract. But for all the good intentions behind this rule, it’s just not practical. Like me, most homeowners are shopping lenders before they even know their property address, so what they are comparing are pre-qualifications or pre-approvals, not loan estimates.
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How do you pick the right technology vendor?

Lenders discuss the challenges of integration and adoption
If consumers feel like getting a mortgage is akin to going to the dentist, lenders feel like implementing a new tech solution is the equivalent of going to an oral surgeon. During a small breakfast meeting at the Ellie Mae Experience conference in Las Vegas this week, HousingWire's Sarah Wheeler sat down with a group of lenders and vendors to talk about emerging tech trends. But in addition to the trends they discussed, another issue emerged: just how difficult it is to choose a technology vendor.
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Despite what some lenders think, it's a bad time to get lax on compliance

Experts at Ellie Mae Experience warn about growing risk
President Donald Trump has made eliminating regulations a top priority of his administration and has tried to limit the reach of one of the chief mortgage regulators — the Consumer Financial Protection Bureau. But lenders who interpret that to mean they can relax their compliance efforts are sadly mistaken, according to several panels of experts at the Ellie Mae Encompass conference in Las Vegas.
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