In this article, we’ll discuss how EDI and RPA technologies help lenders streamline insurance tracking and verification and reduce direct member contact.
Category: News and Trends
People in the News July 13, 2021
Wipro Opus Risk Solutions LLC, tapped Greer Allgood as managing director of mortgage operations. She is responsible for overall management of specific client and deal transactions.
Jennifer Henry: The Role Third-Party Data Plays for Mortgage Originators and Servicers
Lenders and servicers alike must focus on streamlining processes through automated technology and data-enabled solutions to sustain a more profitable business model and manage the shifts and demands of the marketplace.
Call for Speakers: MBA Annual Convention & Expo; Deadline July 16
Speaking proposals for breakout sessions are now being accepted for the Mortgage Bankers Association’s Annual Convention & Expo 2021, taking place October 17-20 at the San Diego Convention Center.
Paradatec’s Neil Fraser: For Servicers, Pandemic-Related Challenges Are Just Beginning
Neil Fraser is Director of U.S. Operations for Paradatec, Cincinnati, Ohio, a provider of AI-based document classification and data extraction technology for mortgage loan processing. He manages all of Paradatec’s operations and has grown the company every year since its incorporation in 2002.
MBA Advocacy Update July 12, 2021
MBA submitted recommendations to FHFA last week with respect to the GSEs’ policies addressing eligibility of condominium projects that include short-term rentals. Also last week, Ginnie Mae announced it will continue current measures that allow for the electronic execution and transmission of form HUD 11711A (Release of Security Interest) and form HUD 11711B (Certification and Agreement).
Home Prices Rose Twice as Fast in Car-Dependent Neighborhoods as Transit-Accessible Areas
Home prices in car-dependent areas are up 33% since before the pandemic versus 16% for transit-accessible neighborhoods, according to a new report from Redfin, Seattle, reflecting the rise in remote work and the declining importance of proximity to public transportation.
Apartment Property Price Growth Overtakes Industrial
Apartment property prices grew faster than industrial asset prices in June, reversing a trend seen through most of 2021, reported Real Capital Analytics, New York.
Dealmaker: Transwestern Closes $184M in Multifamily
Transwestern Real Estate Services’ Mid-Atlantic Multifamily Group sold Watergate Pointe, a waterfront apartment community with 608 units and 160 fixed docks in Annapolis, Md., for $154 million.
MBA Chart of the Week, July 9, 2021: Commercial/Multifamily Delinquencies
When looking at commercial and multifamily mortgage delinquency rates, we tend to exclude loans that have been delinquent for less than 30 days, as many may be experiencing a temporary “hiccup” that will be quickly remedied before the next payment is due. But examining these rates can provide key insights into commercial and multifamily mortgage performance through the pandemic and into today.