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.
Category: News and Trends
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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.
Sponsored Content from InRule: Transform Mortgage Lending and Real Estate with Machine Learning
Discover five common scenarios in mortgage lending to help your enterprise get started with machine learning.
Sue Woodard of AXIS Lending Academy: Program’s DEI Mission ‘Captured My Heart’
Sue Woodard is a director of AXIS Lending Academy. She is also the chief customer officer at Total Expert, a CRM and customer engagement platform built specifically for the financial services industry.
Government Shutdown Looming – Potential Implications for the Mortgage Industry
As of this morning (Sept. 30), Congress is still debating a continuing resolution that would extend funding for federal government operations. As this is happening, federal agencies are preparing for the possibility of a shutdown when the current funding expires at 11:59 p.m. ET.
CMBS Delinquency Rate Shrinks, Cumulative Default Rate Increases
The commercial mortgage-backed securities delinquency rate continues to shrink, but the cumulative loan default rate increased slightly in first-half 2021, according to two new reports from S&P Global Ratings and Fitch Ratings.