While advice and directions concentrate on the “next normal” inflicted by Covid-19, the underlying challenges facing financial services and banking organizations have been building long before its arrival. If banking and mortgage leadership are to adjust to an altered consumer and investment future, they must quickly determine how to build core competencies with digital leveraging—or risk becoming a statistic.
Category: News and Trends
Scott Roller: MISMO RON Certification: What You Need to Know
Cute and customized face masks are wildly popular these days, launching a whole new industry. Closer to home, in our industry, popularity of vendors providing for Remote Online Notarization is surging. Thanks to the pandemic, RON vendors were rather unmasked, going from gaining marginal traction to epic growth – overnight. MISMO is leading the way, with a sharp machete clearing the path through the state level regulatory and compliance jungle.
Beth Johnson: Unlocking the Numbers—Leveraging Granular Financial Detail in Business Strategy
In this industry, as part of the lender due diligence process, the financials and credit history of every mortgage banking customer are combed over and scrutinized. Mortgage banks search for any and every detail to properly assess the probability of loan repayment. However, when it comes to their own financials, not all lenders give as much consideration to the details as others.
Leading During Turbulent Times (MBA LIVE)
Risk managers face many challenges during this turbulent time, but the mortgage industry has largely been successful in weathering this pandemic, panelists said Wednesday at the MBA Live Risk Management, QA and Fraud Prevention Forum.
RMQA Panel Story HERE
RMQA panel story lede sentence HERE
Fed Leaves Rates Alone; Ups Plans to Purchase Securities
The Federal Open Market Committee, as expected, left the federal funds rate untouched yesterday following its two-day policy meeting, and said it might stay that way until 2023.
Dealmaker: Marcus & Millichap Closes $109M in Multifamily Sales
Marcus & Millichap, Calabasas, Calif., brokered two multifamily asset sales totaling $109 million.
September Home Builder Confidence Hits Record High
After a steep drop in April at the onset of the coronavirus pandemic, builder confidence has soared to record highs, according to the National Association of Home Builders.
RIHA Study: COVID-19’s Impact on Jobs, Ability to Make Housing, Student Debt Payments
During the first three months of the COVID-19 pandemic, nearly 11 million households fell behind on their rent or mortgage payments and 30 million individuals missed at least one student loan payment, according to new research released today by the Mortgage Bankers Association’s Research Institute for Housing America.
Former Ambassador Andrew Young Keynotes MBA Annual20
Former Ambassador to the United Nations Andrew Young keynotes an important General Session at MBA Annual20, which runs online Oct. 19-21.