WASHINGTON, D.C.—The economy continued to improve in 2021, fueled by record consumer savings and strong gains in employment, despite the coronavirus pandemic that could have otherwise ground it to a halt, said Emre Sahingur, Senior Vice President of Predictive Analytics with VantageScore Solutions LLC, Stamford, Conn.
Category: News and Trends
Trepp: Bank Commercial Real Estate Loan Performance ‘Not Bad, But Maybe Not That Great’
Trepp, New York, said delinquency rates for commercial real estate loans held by banks are declining after increasing modestly last year.
Dealmaker: Gantry Secures $103M For The Arrive Apartments & The Sound Hotel Tower
Gantry, San Francisco, secured $102.7 million in financing to retire and replace the construction loan for The Arrive Apartments & The Sound Hotel in Seattle.
SEC Issues Sample Letter to Firms on Climate Change Disclosures
The Securities and Exchange Commission recently gave companies a preview of how it will look at their climate-related disclosures. Specifically, the SEC’s Division of Corporate Finance released a sample letter detailing the sorts of hard questions and requests the SEC will consider when they conduct a review of a company’s disclosures related to climate change.
Update: House, Senate Pass Continuing Resolution, Avoid Shutdown; Chopra Confirmed as CFPB Director
Congress on Thursday passed a nine-week Continuing Resolution, avoiding controversial sticking points, to fund the federal government through December 3, avoiding yet another potentially disastrous government shutdown.
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“We do certainly see a behavioral shift; and it may be that some of this has been forced on the consumer. Spending behavior really changed; we’ve seen a move away from credit and more to cash or debit, perhaps, and that’s reflective of the more conservative behavior on the consumers’ part.”
–Emre Sahingur, Senior Vice President of Predictive Analytics with VantageScore Solutions LLC, Stamford, Conn.
Jeff Williams of FICS: Support Strategic Planning with Audit of Mortgage Software, API Capabilities
Leaders need to include software audits in their strategic planning process. A good software audit sets the stage for effective budgeting and decision making this fall. Leaders should analyze the company’s current Application Programming Interface integrations to existing mortgage software.
Industry Briefs Oct. 1, 2021: SimpleNexus Integrates with DocMagic
SimpleNexus, Lehi, Utah, integrated its Nexus Closing eMortgage platform with DocMagic’s eVault and eNote technologies. The integration enables automated generation of an eNote with a tamper-evident seal and delivers the eNote to a secure eVault for delivery to the MERS® eRegistry.
Louis Casari of HCL Technologies: Leveraging Hyperautomation Lending Solutions to Accelerate Business Growth
By combining multiple advanced technologies such as machine learning and RPA, businesses are innovating their workflows. Lending solutions is a prime area where hyperautomation can deliver significant benefits and accelerate the speed of growth.
MBA Education School of Mortgage Servicing Oct. 5-15
MBA Education’s School of Mortgage Servicing presents an overview of the basic servicing functions and the potential compliance risks of not applying appropriate processes.