Tim Anderson is EVP and Director of eMortgage Strategy for Evolve Mortgage Services, where he is responsible for overseeing deployment of the company’s end-to-end digital closing platform and developing strategic partner relationships.
Category: News and Trends
Greer Allgood of Wipro Opus Risk Solutions: Managing Mortgage Underwriters Remotely
For years, mortgage underwriters have been accustomed to working from home a few days a week; consequently, during the pandemic, it was not much of a challenge to transition to a 100% remote working scenario. What has been a challenge is managing these highly-skilled employees and maintaining their morale at the same time. The great news is that it can be done.
MBA Weekly Applications Survey Sept. 1, 2021: Refis Down, Purchases Up
With refinance applications and purchase applications moving in different directions, overall mortgage application activity fell last week as interest rates held steady, the Mortgage Bankers Association reported Wednesday in its Weekly Applications Survey for the week ending Aug. 27.
Consumer Confidence Falls to 7-Month Low
The Conference Board, New York, said its Consumer Confidence Index fell for the second consecutive month to its lowest level since February.
Home Price Reports: Housing Market at Full Speed
If home prices are cooling off, it’s not evident in the numbers: reports from S&P Dow Jones Indices and the Federal Housing Finance Agency show home prices with annual gains of nearly 20 percent.
Fitch Ratings: Small U.S. Banks Most Exposed to Commercial Real Estate Losses
Fitch Ratings, Chicago, said the U.S. commercial real estate market will likely see deteriorating credit metrics once stimulus measures wind down and forbearance programs expire, with smaller CRE-concentrated banks more susceptible to elevated losses, which are expected to peak below levels seen in the past.
Office Market Seeing Nascent Recovery
Activity in the 12 largest U.S. office markets indicates many have started their recovery from the pandemic-induced downturn, reported CBRE, Dallas.
Data Identification and Governance: Updated FFIEC Examination Manual Booklet Indicates Higher Expectations by Financial Institution Examiners
On June 30, the Federal Financial Institutions Examination Council issued a new booklet. We identified critical guidelines from the new booklet that will introduce fresh challenges to your financial institution.
Dealmaker: Newmark Arranges $628M in Portfolio Financing for GID Investment Advisers
Newmark, New York, arranged $627.5 million in financing for GID Investment Advisers for a nine-property multifamily portfolio across California, Washington, Massachusetts and Georgia.
mPowering You: MBA’s Summit for Women in Real Estate Finance Oct. 16
mPowering You, MBA’s Summit for Women in Real Estate Finance, takes place Saturday, Oct. 16 at the San Diego Convention Center just ahead of the MBA Annual Convention & Expo (Oct. 17-20).