[Expert commentary] When it comes to understanding the jargon and buzz that surround the world of digital transformation, the world of “e” can certainly seem like learning a new language. Here is a primer for moving past the confusing buzzwords and terminology associated with the digital transformation – and how to take action.
[Commentary] Digital mortgages are (once again) a hot topic for the mortgage industry. However, we mortgage professionals are rather fond of dropping terms like "e-closing," "e-mortgage," "e-sign" and even "e-vault" or "e-note" almost interchangeably. Some look at the solutions currently available as "cradle-to-grave" when they actually only touch on the loan application process. So what exactly is an e-mortgage?
He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.
One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.
Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.