Good morning and happy Monday! Here’s what’s happening in the real estate finance world this week:
Category: News and Trends
Small-Cap CRE Prices ‘Rationally Tracking’ Fundamentals
Small-cap commercial real estate prices have accelerated at an unprecedented rate but are not overinflated, reported Boxwood Means LLC, Stamford, Conn.
Dealmaker: Marcus & Millichap Sells Miami Beach Waterfront Development Portfolio
Marcus & Millichap, Calabasas, Calif., sold a waterfront development portfolio on Normandy Isle in Miami Beach, Fla. The combined properties sold for $15.8 million.
MISMO Seeks Public Comment on MEG 27 to Assess Compatibility Across Reference Model Versions
MISMO®, the real estate finance industry standards organization, seeks public comment on MISMO Engineering Guideline 27, which provides guidance to determine if a new version of the MISMO Reference Model is compatible with a previously implemented solution.
Brian Lynch of Advantage Systems: The Mortgage Industry Has a Talent Problem That Demands Operational Change To Overcome
The key moving forward lies in automating where it is most effective, widening the net in terms of attracting talent and then maximizing that talent by providing them with the right tools and user experience to drive business.
MBA Legal Issues & Regulatory Compliance Conference in Miami May 22-25
The Mortgage Bankers Association’s annual Legal Issues and Regulatory Compliance Conference takes place May 22-25 at the Intercontinental Miami.
People in the News Apr. 25, 2022: Xactus Taps Kevin Ryan as CFO
Xactus, Philadelphia, named Kevin Ryan the company’s Chief Financial Officer, responsible for guiding the firm’s efforts to streamline its finance and accounting operations.
Quote
“The challenge for lenders is in recognizing that some areas of the business stand to benefit more from automation and tend to function better in a remote officing environment than others.”
–Brian Lynch, President of Advantage Systems, Irvine, Calif.
Carlos Sa of MILOS on Implementing New Technologies
Carlos Sa, founder and CEO of MILOS, Danvers, Mass., has more than 25 years of IT experience and an extensive track record of designing, building and implementing mortgage technologies.
Kebra Rhedrick of Wipro Opus Risk Solutions: Learning from the Best–The Notification Rule
The Notification Rule establishes notice requirements for banking organizations and certain bank service providers when they experience computer-security incidents that rise to the level of notification incidents. Since notification is required before the organization may fully assess the incident, the notification requirement mainly focuses on what is affected. A prudent institution would identify systems and information that trigger the rule in advance.