The case for considering a mortgage loan applicant’s rent history is compelling. Limited credit history disqualifies many renters ― even those with great rent payment history — from homeownership, and multiple studies confirm that factoring in rent payment history typically increases credit scores.
Category: News and Trends
Paul Gigliotti of AXIS Lending Academy: How Diversity Efforts Can Reach Critical Mass
Our own industry has embraced diversity, equity and inclusion efforts at a rapid rate over the past several years. At the same time, we only have to look around ourselves to see that we still have a long way to go, especially at the leadership and boardroom level.
Rajesh Bhat of Roostify: When Will the Mortgage Industry be Truly Automated?
The mortgage industry has been moving towards automation, but still has a long and complex road ahead. Rajesh Bhat, Co-Founder and CEO of Roostify, offers his perspective on what steps lenders can take today to better prepare themselves for the journey, and the destination.
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“Data is key going forward. The shift from refi to purchase is a matter of getting your head in the right space, and getting your employees focused so that they don’t get burnt out. We’re looking ahead to what we’re going to do a year from now or two years from now.”
–Susan Stewart, CEO of SWBC Mortgage, San Antonio, Texas, and immediate Past MBA Chairman.
MBA Weekly Applications Survey Oct. 20, 2021: Applications Decrease
Mortgage applications decreased 6.3 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 15, 2021.
mPowering You: Four New Rules of Success in Today’s New Work Environment
SAN DIEGO—On the fifth anniversary of mPower’s first event here, Mortgage Bankers Association Chief Operating Officer and mPower founder Marcia M. Davies reflected on a tumultuous—and rewarding—period for women in the real estate finance industry.
MBA Opens Doors Foundation Announces 2021 Award Winners
SAN DIEGO–The Mortgage Bankers Association announced recipients of the MBA Opens Doors Foundation annual awards, which recognize those who have made lasting contributions to advance the Foundation’s mission of providing mortgage and rental assistance to families with critically ill or injured children.
mPowering You: MBA Leaders Take the Stage
SAN DIEGO–mPowering You: MBA’s Summit for Women in Real Estate Finance, put together a unique and powerful panel—the only four women in MBA’s 108-year history to serve as Chairman of the Mortgage Bankers Association.
mPowering You: Four New Rules of Success in Today’s New Work Environment
SAN DIEGO—On the fifth anniversary of mPower’s first event here, Mortgage Bankers Association Chief Operating Officer and mPower founder Marcia M. Davies reflected on a tumultuous—and rewarding—period for women in the real estate finance industry.
Industry Briefs Oct. 20, 2021: SimpleNexus Acquires LBA Ware
SimpleNexus, Lehi, Utah, announced its acquisition of software firm LBA Ware, Macon, Ga. The transaction, SimpleNexus’ first, brings together 325 employees in 29 states to serve 425 distinct lender customers and dozens of mortgage technology integration partners.