Sales Boomerang, Owings Mill, Md., an automated borrower intelligence and retention system, and Mortgage Coach, Irvine, Calif., a platform enabling mortgage lenders to educate borrowers with interactive home loan presentations, announced their merger and appointed SaaS executive Richard Harris as CEO.
Category: News and Trends
NAMMBA Accredited Social Impact Lender Program Open for Enrollment
Earlier this year, the National Association of Minority Mortgage Bankers of America launched its Accredited Social Impact Lender program to give lenders (like you) and their teams the tools to make the CRA/LMI market a viable extension of their annual strategy. ASIL not only gives your team tools but also a whole mindset shift that will grow CRA/LMI into a profitable arm of your mortgage company’s lending mix.
Former House Speaker Paul Ryan Keynotes MBA Annnual22 Opening General Session
Former House Speaker Paul Ryan, R-Wis., keynotes the Opening General Session at the Mortgage Bankers Association’s Annual Convention & Expo on Monday, Oct. 24 at 8:30 a.m. CT.
Quote
“Mortgage credit availability decreased slightly in June, as significantly higher mortgage rates compared to a year ago slowed refinance activity and impacted the overall mortgage credit landscape.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
MBA Advocacy Update July 11, 2022
MBA submitted recommendations to the GSEs to improve their appraiser guidance for high-quality manufactured housing. Last week, the GSEs also announced they would once again begin engaging in bulk acquisitions of seasoned loans. And MBA issued a white paper examining how climate change is dramatically reshaping lenders’ and policymakers’ approaches to the U.S. residential and commercial real estate markets.
MBA Chart of the Week July 8, 2002: Retail Loan Officer Productivity
In this week’s Chart of the Week, we turn to data from the longstanding MBA and STRATMOR Peer Group Roundtables Program), which recently wrapped up its Spring season for benchmarking lender performance across various production channels and peer groups.
Brad Padratzik on MBA Associate Membership
MBA Director of Associate Membership Brad Padratzik discusses the competitive advantages of MBA Associate Membership.
Mark P. Dangelo: A Vast Rebalancing–The ‘Dark Side’ of Digital Transformation
In a short six months, the runaways for business and technology transformation have changed markedly. Additionally, mortgage lending will shrink to just over $2T as inflation as interest rates rise. Profit margins must now be achieved by restructuring digitally transformed processes that were thought to be “complete.” To survive—and prosper—organizations must adapt to widespread industry rebalancing.
Erin Palmer and Chris Bennett: Rate Lock Negotiations Offer a Short-Term Response with Long-Term Consequences
Rising interest rates and increased competition have loan officers scrambling for ways to win deals in today’s market. One tactic that has grown in popularity with borrowers and loan officers is rate lock renegotiations. However, these come at a high cost to lenders, and with margins already being squeezed, what seems prudent from a customer acquisition standpoint may actually work against lenders’ best interests.
June Jobs Report Beats Estimates
Employment rose by 372,000 jobs in June, the Bureau of Labor Statistics reported Friday, a strong report despite rising inflation and economic uncertainty.