BaseCap, New York, announced Matt Galligan will serve as a strategic advisor to help expand its business in the mortgage and financial services industry.
Category: News and Trends
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.
MBA Single-Family Research and Economics Showcase June 22-23
The Mortgage Bankers Association’s Single-Family Research and Economics Showcase takes place online June 22-23.
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.
The Week Ahead, May 2, 2022: The Fed Ponders Another Rate Hike and 5 Other Things to Know
Good morning and happy Monday! Here’s what’s happening in the real estate finance world this week:
Quote
“Securitizations backed by weaker borrowers, such as retail credit cards, certain marketplace lending/unsecured loans and subprime auto, will be more vulnerable to asset-performance deterioration, given rising prices and increasing debt service costs that will erode borrowers’ disposable income.”
–From a Fitch Ratings report on U.S. consumer debt and securitization performance.
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.
A Look 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.
1st Quarter GDP Falls 1.4%
U.S. gross domestic product fell for the first time in two years, the Bureau of Economic Analysis reported Thursday, although analysts did not seem overly concerned.
Berkadia: Single-Family Rental Sector Evolves
Berkadia, New York, said the single-family rental market is evolving due to growing institutional investment and work-from-home trends.