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.
Category: News and Trends
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 CONVERGENCE Partner Profile: Laird Nossuli, iEmergent
Laird Nossuli is CEO of iEmergent, Urbandale, Iowa, an analytics and advisory firm that helps lenders leverage data and diversity to develop sustainable lending strategies. Her educational background in community development and her passion for housing equity fuel her participation as a Steering Committee member in CONVERGENCE Columbus and led to iEmergent’s role as a national partner.
MBA Letter Urges Support of HUD Priorities in Fiscal 2022 Appropriations Bill
Ahead of a scheduled vote next week, the Mortgage Bankers Association asked the House Appropriations Committee to support key fiscal year 2022 appropriations proposed to HUD, FHA and Ginnie Mae.
June Commercial, Multifamily Mortgage Delinquencies Hold Steady
Delinquency rates for mortgages backed by commercial and multifamily properties held steady in June, the Mortgage Bankers Association’s latest monthly CREF Loan Performance Survey said.
Initial Claims Rise Unexpectedly
Initial claims for unemployment insurance rose unexpectedly last week, signaling a potentially volatile period ahead as more than half of U.S. states end government-funded unemployment programs.
Saving for Down Payment Tougher for First-Time Home Buyers
Starter home prices are growing nearly seven times faster than renter incomes, making what was likely already the biggest challenge for first-time home buyers ― saving for a down payment ― even more difficult. But there is good news for today’s first-time buyers, said Zillow, Seattle.
CRE Market Sentiment Improves to 2015 Level
CRE executives’ market sentiment has improved dramatically from a year ago, reported RCLCO, Washington, D.C.
People in the News July 9, 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.