Good morning! And welcome to “Transition Week” here in Washington, where high school football is starting, leaves are beginning to fall and we’re putting away our summer clothes and bringing our pumpkin spice coffee cups out of storage.
Category: News and Trends
Industry Briefs Aug. 30, 2021: Home Lending Pal Raises $2M
The Mortgage Collaborative, San Diego, announced the TMC Emerging Technology Fund LP led a pre-Series A investment round in Home Lending Pal, a technology-enabled marketplace that focuses on fair lending practices.
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“At this critical juncture–the first year into the new decade and continually moving farther away from the pandemic–when the hot housing market cools down, we may see investor activity increase as they try to buy more properties at lower prices.”
–Molly Boesel, Principal Economist with CoreLogic, Irvine, Calif.
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.
Tim Anderson of Evolve Mortgage Services: Wide eMortgage Adoption Remains Elusive
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.
People in the News August 30 2021
ChainLogix Mortgage Solutions, Fort Lauderdale, Fla., appointed Guadalupe Garcia as National Sales Executive, expanding the company’s West Coast presence.
Josh Lehr of Total Expert on How Data-Driven Communication Transcends Channels and Drives Lifetime Value
Josh Lehr is Director of Technology Alliances with Total Expert, Minneapolis, a fintech software company that built the first customer experience platform purpose-built for financial institutions.
Fitch Ratings: Robust Housing Market Supports Outsized U.S. Title Insurer Returns
Fitch Ratings, New York, said U.S. title insurance firm profitability should continue to exceed rating expectations over the near term, supported by a robust housing market.
Initial Claims Take Post-Pandemic Upturn
Initial claims for unemployment insurance unexpectedly increased last week, but remained near the lowest level since the onset of the coronavirus pandemic, the Labor Department reported Thursday.
2nd Quarter GDP Stays Hot; Corporate Profits Surge
Real gross domestic product continued its hot pace in the second quarter, according to the second (revised) estimate released Thursday by the Bureau of Economic Analysis.