Blogs

new REwired blog header

REwired

How employers can reassure potential LOs in the midst of mortgage layoffs

Invest in the right technology for LO retention
Under these circumstances, it can be an intimidating market for both job seekers and employers in the mortgage industry. So how do you reassure potential LOs when recruiting? Many professionals in the industry believe the key for recruiting loan officers is investing in technology that streamlines work to increase both efficiency and LO retention.
Read More

Commercial real estate insider: Investors need to broaden their minds about funding sources

The most important debt products you may not know about
[Expert commentary] When it comes to debt, everyone seems to be eating from the same basic food groups. Banks, commercial mortgage-backed securities and big balance sheets dominate the market. If you're a multifamily investor, there’s also Fannie Mae and Freddie Mac. But most folks are really missing the most important and liquid debt products out there.
Read More

Here’s what title insurers need to know about the feds’ new rules for all-cash real estate deals

Deloitte experts on FinCEN’s new requirements
[Expert commentary] Last month, the Treasury Department’s Financial Crimes Enforcement Network announced that it was expanding on its rules that require title insurers to report buyers’ identities and the source of the funds for certain residential real estate deals. Here's what title insurers need to know about the new rules and what they can do to comply with them.
Read More
HousingWire pulse

Pulse

[Pulse] Homeowners in these markets are seeing their property values decline

For most of the country, home prices are seeing gains, but not here
In the next year, 5% of U.S. markets are predicted to depreciate, with Louisiana holding on to its title as the state with the most depreciating markets, claiming four of the 10 spots on the bottom markets list. Here is a list of the markets expected to see the greatest depreciation in the coming year.
Read More

[Pulse] Affordable housing issues are stymying the mortgage market, but change is on the way

Federal agencies and lawmakers are finally taking much-needed steps to solve the crisis plaguing the U.S. housing market
It’s now been almost seven years since people started to take notice of the current housing shortage and become angry over the skyrocketing costs for housing. But now we are seeing change in the finance industry and in every level of government, signaling that perhaps, we’ve finally reached a tipping point.
Read More

[Pulse] Here's what New York real estate will look like in the year ahead

Nation's largest real estate market expected to be flat in 2020
With an estimated population more than 20 million, the New York-Northern New Jersey-Long Island Metropolitan Statistical Area is by far the nation's largest metro – nearly 50% larger than the runner-up. That also means that this metro, home to one in 16 Americans, is the nation's largest real estate market. So, what's happening in this market is perhaps a snapshot of things to come for the rest of the nation’s major markets. Sadly, it doesn't look great.
Read More

[Pulse] We need to make LO comp work for everyone. Here's how

This is what I think the CFPB should do to fix LO Comp Rule problems
There are many in the mortgage industry who argue that the entire LO Comp Rule should be scrapped. But such a move would potentially re-open the door to the bad practices of the subprime era, and the divisive debate over this would likely be doomed to failure. Instead, the CFPB could use its existing authority to tweak its LO Comp Rule to fix certain problems. Here's what I think should be done.
Read More

[Pulse] What's an underwriter doing at a marketing conference?

Why every single person in the loan transaction should get involved in marketing
That's the question I was asked at least five times while attending HousingWire's engage.marketing conference in Charlotte, North Carolina, last week. My response: Yes, why not? Marketing applies to the entire mortgage loan origination process, and underwriting is a large piece of customer satisfaction. Here's why I think marketing is the subject matter of every mortgage employee of today and the future.
Read More
Pavaso blog header revision 2

Closing Call

Taking ID verification to the MAXX

New tool lets lenders validate borrower's identity, character references
With its latest tool, IDMAXX, Pavaso has enabled lenders to achieve two aims with one solution. By leveraging a borrower’s network for both identity verification and character references, lenders can be assured that 1) the borrower is who they claim to be and 2) the total picture they have of that borrower, and the risk that borrower may pose, is accurate and complete.
Read More

Redefining when the mortgage process starts

It's not what you think
Traditionally, there is plenty of jockeying for position amongst the differing players in the real estate transaction, particularly between lenders and realtors, over who owns the relationship with the consumer. Be warned: There isn’t going to be any place for that kind of possessiveness in the post-TRID market.
Read More

The production challenges beyond TRID

Transitioning to a digital space
If the mortgage industry is serious about addressing the longer closing times created by TRID, not to mention attracting millennials as potential homebuyers and/or employees, it has got to get with the times. And the times? They are digital.
Read More

A new era of solutions

Recapping last week's posts and tech progress this year

Solutions exist today that can help with a large majority of the business process shifts that will result from the rule. And the last year has provided an opportunity for them to solve things further.  


Read More