How has digital transformation permeated across loan and mortgage services, and how can experienced partnerships prove valuable? We shall try to examine the current state of the industry and highlight the role of transformation partners.
Category: News and Trends
MISMO Seeks Public Comment on Two Engineering Guidelines
MISMO®, the real estate finance industry standards organization, seeks public comment on MISMO Engineering Guidelines (MEG) 16 and 42. The 30-day public comment period for these guidelines runs through December 30.
Arjun Raman of Wipro Opus Risk Solutions: Strapped for Time–Empower Overworked Staff with Outsourcing
The economic effects of the pandemic have placed strains on the day-to-day operations of servicers. An established relationship with a strategic outsourcing partner can streamline efficiency and productivity, resulting in improved scalability, increased cost savings and expertise at the ready.
Multifamily Minute: Perspective from Lument’s Chad Musgrove
Chad Musgrove is Associate Director with Lument, a subsidiary of ORIX Corporation USA. He has a decade of experience in real estate and financial services consulting.
RIHA Study: U.S. Household Net Worth Up 17.6% Between 2016-2019
The median net worth of U.S. households increased from $103,000 in 2016 to $127,000 in 2019 – a gain of 17.6% and the highest amount since 2007, according to The Distribution of Wealth in America Since 2016, a new report released Thursday by the Mortgage Bankers Association’s Research Institute for Housing America.
Congested Supply Chains, Shift to eCommerce Boost Industrial Sector
Accelerating e-commerce, strong consumer demand amid supply chain bottlenecks and businesses restocking their inventories are benefiting industrial real estate, reported Wells Fargo Economics, Charlotte, N.C.
ATTOM: 3Q Mortgage Lending Down at ‘Unusually Fast Pace’
ATTOM, Irvine, Calif., said overall mortgage loan activity fell by 8 percent in the third quarter—the second straight quarterly decrease—as refinance volume faded amid rising interest rates.
ADP: Private Sector Adds 534,000 November Jobs
In the first of three key November employment reports this week, ADP, Roseland, N.J., said private-sector employment rose by a healthy 534,000 new jobs in November.
Dealmaker: Bascom Group Acquires Nevada Apartment Community For $31M
The Bascom Group LLC, Irvine, Calif., acquired Sierra Point Apartments in the Reno, Nev., metro for $31 million.
Dennis Postlewait of HCL Technologies: Next-Gen Lending Solutions for Efficiency and Cost Optimization
How has digital transformation permeated across loan and mortgage services, and how can experienced partnerships prove valuable? We shall try to examine the current state of the industry and highlight the role of transformation partners.