Mortgage applications increased 2.5 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 29.
Category: News and Trends
LoanLogics’ Roby Robertson: Ignoring Income Defects Could Spell Disaster
Back in 2015, Tesla CEO Elon Musk famously promised that self-driving cars would be a common sight on American roadways within the next three years. He wasn’t alone—Nissan and other automakers thought fully autonomous vehicles would arrive by 2020.
Quote
“Purchase applications increased for conventional, FHA, and VA loans and were up 4 percent overall. This is potentially a good sign for the spring home buying season, which has seen a slow start thus far.”
–Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting.
Chris Lewis of DocMagic: 3 Keys to Moving Forward with RON Now
Remote online notarization is the critical component to the industry’s realization of a truly 100% paperless, fully remote, no-touch mortgage closing. In the journey to deliver a digital lending experience, the offering and acceptance of RON completes a transformation that promises to provide benefits to lenders and the borrowers they serve.
MBA Advocacy Update May 2 2022
Last week, more than 400 state/local leaders and rank-and-file MBA members assembled in Washington to meet elected officials and key congressional staffers on Capitol Hill during MBA’s National Advocacy Conference. And on Monday, MBA submitted comments to FHFA on its recent proposal to update capital, liquidity and net worth requirements for servicers of loans backed by Fannie Mae and Freddie Mac.
The MBA Path to Diversity Scholarship Program
The MBA Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education.
MBA Chart of the Week Apr. 29 2022: Diversity, Equity and Inclusion
According to the inaugural 2021 Diversity, Equity and Inclusion Study, conducted by McLagan and recommended by Mortgage Bankers Association, participating mortgage firms – both residential and commercial/multifamily – had varied policies, practices and initiatives to further racial and gender equality within their organizations.
Souren Sarkar, CMB, of Nexval: How Robotic Process Automation Creates More Efficient Lending
RPA technologies have been proven to shrink loan origination and processing times by as much as 80% while increasing post-close quality control efficiencies by as much as 20%. More importantly, they empower lenders to free up resources to deliver better customer service to borrowers. And yet, there is relatively little discussion or understanding about how RPA actually works—let alone how powerful it can be.
Looking at Lodging with JLL Senior Vice President Christopher Exler
Christopher Exler is Senior Vice President with JLL’s Miami Hotel and Hospitality team, responsible for shaping and executing disposal and origination strategies. He specializes in maintaining investor relationships, monitoring international capital flows, investment advisory and managing the marketing and due diligence process.
CoreLogic: U.S. Annual Home Price Growth Exceeds 20% in March
CoreLogic, Irvine, Calif., said U.S. home prices continued to post significant year-over-year gains in March, up by 20.9%, another record high.