Articles by Sarah Wheeler

From HW Magazine

On thin ice: expanded HMDA reporting represents new risks for lenders

New fields and more uncertainty make compliance tricky
Compared to the sound and fury surrounding TRID, when it seemed every other conversation or article was counting down the days until the deadline, the industry’s anticipation and preparation for HMDA changes seems eerily calm. It’s possible that after a decade of adjusting to multiple business-changing regulations, lenders and other mortgage companies have become adept at incorporating new requirements into their processes. It’s also possible they have compliance fatigue. Either way, the updated HMDA reporting requirements represent a new set of risks that lenders need to pay attention to.
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Here's what the new CFPB director should change

These three areas are critical to the bureau's mission
Richard Cordray is officially out at the CFPB, and although the bureau and the White House are battling it out over who gets to name the interim director, a change in direction is all but assured. Whoever takes the helm at the bureau should use the opportunity to correct some of the most onerous practices at the regulator. Here are three critical steps.
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First Community Mortgage raises $60,000 in charity golf tournament

Tennessee lender rallies 32 sponsors to support children's charities, domestic violence center
First Community Mortgage raised more than $60,000 for local charities at the recent Tyler Morrissey Golf Tournament in Murfreesboro, Tennessee. The charities benefiting from the tournament include Christmas for the Children, Baylor Bramble Family, a domestic violence center, Court Appointed Special Advocates and FCM Cares/JC Gordon Memorial Scholarship.
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Servicers: We've got your answers on disposition strategy

Find out how our hosted white papers can help
While overall U.S. foreclosures were down 20% in the second quarter compared to last year, 13% of metro areas saw an increase in foreclosures this year, including Houston, Oklahoma City, and Hartford, Connecticut — all up by double digits. If you’re a servicer, the potential for increased foreclosures could catch you flat-footed. Luckily, HousingWire has you covered.
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What HMDA changes mean for lenders

Visibility all the way down to the loan officer level
You want the good news or the bad news on HMDA? Let’s go with the good news: After collecting expanded data on borrowers under HMDA rule changes, lenders are going to have greater insight than ever before on their lending practices. The bad news? So is everyone else.
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Stevens: Legislation is the only cure for the industry's false sense of security

New leaders at FHFA, CFPB could change things drastically
“What happens if the president nominates a new director who thinks the government role in mortgage finance is too large and wants to scale it back?” MBA Chairman David Stevens asked. “The answer is that it could affect everything from g-fees to loan limits. Credit policy could change which would impact the QM patch and confidence in the rule as it works today. Even the level playing field in pricing and credit terms could change as there is nothing – locked in."
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Executive Conversation: Scott Slifer on the digital innovations impacting mortgage companies

Sutherland delivers robotic process automation that can cut manual work by 25%
Process transformation enables mortgage companies to rethink, reimagine, and rebuild the way work gets done. When legacy processes are redesigned to accommodate digital solutions such as robotic process automation, analytics, and other innovative applications, the impact of digital has the potential to become increasingly more powerful.
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Monday Morning Cup of Coffee: Feds finally end AIG oversight

Plus, Mnuchin defends tax plan and some good news in Miami
In just the latest chapter of the Trump administration's deregulation playbook, The Financial Stability Oversight Council, created by Dodd-Frank and comprised of 10 senior financial regulators, including Treasury Secretary Steven Mnuchin, CFPB Director Richard Cordray and Federal Reserve Chair Janet Yellen, voted to remove federal oversight of American International Group Friday night.
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Executive Conversation: Mat Ishbia on growing the mortgage broker channel

How United Wholesale Mortgage is investing in broker success
Mortgage brokers can compete with retail lenders because, besides the multiple products, they have access to technology, innovation and ideas of 20 wholesale lenders, not just one retail lender. What’s happening more now than five years ago, on the technology side, is wholesale lenders are building technology to help brokers thrive.
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From HW Magazine

The 2017 Mortgage Technology Product Showcase

16 companies offering unique solutions for a faster, easier mortgage process
New consumer expectations for a faster, easier mortgage process have turned up the heat on financial institutions to deliver a better customer experience for borrowers. Speed and accuracy are more important than ever as potential buyers compete for limited inventory, and financial institutions compete for those borrowers. Fortunately, these 16 companies stand ready to help, offering solutions that span the entire mortgage loan lifecycle.
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