With more than 20 years in the analytics and automated valuation space for residential real estate, Robert Walker has built a solid reputation for product innovation, providing market insight and anticipating customer needs. In his current role of vice president of sales for Veros, Walker is responsible for leading the company’s sales team and market strategy and for driving innovation and creating a disruptive force in the market. He also has the rare honor of holding both the Certified Mortgage Banker and the Certified Mortgage Technologist designations.
Sweeping changes periodically realign the mortgage industry in part or as a whole. They may come after a seismic economic shift, a spate of new regulatory requirements resulting from a financial crisis, or, on the positive side, a groundbreaking technological innovation.
According to Verizon’s 2019 Data Breach Investigations Report, 10% of the 2,013 breaches that occurred in 2018 were within the financial industry. Personal data was compromised in 43% of those breaches, which were largely attributed to privilege misuse, errors or unsecure web applications.
Rising interest rates often cause homebuyers to think twice about moving forward with a mortgage. In April, mortgage applications fell more than 7% after 30-year fixed mortgage rates reached a high for the month.