The benefits of hybrid eClosings are obvious when viewed from the lenders and/or investor perspective – streamlined processes, greater operation efficiency, reduced errors, etc. – and borrowers certainly feel the impact of those to a certain degree. However, the “digital revolution” many lenders may assume they are delivering to consumers might not be as revolutionary when examined from the borrower’s side of the transaction.
Category: News and Trends
MBA NewsLink 2022 Tech All-Star: Christy Moss, CMB, of FormFree
Christy Moss, CMB, has spent 35 years in housing finance with the singular goal of leaving the industry better than she found it. The former “face of Fannie Mae,” who helped hundreds of the GSE’s lenders gain seller status, is now doing just that as the head of sales and marketing at FormFree, a verification technology provider.
MBA NewsLink 2022 Tech All-Star: Harry Gardner of ICE Mortgage Technology
This isn’t Harry Gardner’s first rodeo. This mortgage technology pioneer has received the MBA Tech All-Star Award twice before.
MBA: IMB Production Profits Fall in 2021 from Record 2020
Despite above-average production profits, mortgage banks saw a decline in 2021 from record profits in 2020, the Mortgage Bankers Association reported Monday.
MBA Weighs in on CFPB Fees
The Mortgage Bankers Association weighed in with the Consumer Financial Protection Bureau regarding its request for comment on fees imposed by consumer financial product and service providers.
MBA NewsLink 2022 Tech All-Star: Eloise Schmitz of LoanNEX
Gone are the days of back-and-forth emails, notifications, PDFs, prospective loans and trailing documents to sell or invest in a non-agency loan, thanks to Eloise Schmitz, CEO and co-founder of LoanNEX and a recipient of the MBA NewsLink 2022 Tech All-Star Award.
People in the News Apr. 13, 2022: Big Changes at Fannie Mae
Fannie Mae, Washington, D.C., announced Board Chair Sheila C. Bair and CEO Hugh R. Frater will resign effective May 1. The Board elected Michael J. Heid to succeed Bair and appointed Fannie Mae President David Benson as Interim CEO and Board member.
MBA Weighs in with CFPB Regarding Fees
The Mortgage Bankers Association weighed in with the Consumer Financial Protection Bureau regarding its request for comment on fees imposed by consumer financial product and service providers.
CMBS Delinquency Rate Maintains Downward Trajectory
The commercial mortgage-backed securities delinquency rate fell 10 basis points during March to 2.38 percent, driven by robust new issuance and few new delinquencies, reported Fitch Ratings, New York.
Dealmaker: Gantry Secures $19M for Texas Multifamily Acquisition
Gantry, San Francisco, secured $19 million in bridge financing for Ashton Apartment Homes at 681 N. Saginaw Blvd in Saginaw, Texas.