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.
Category: News and Trends
People in the News Sept. 16, 2020
Roostify, San Francisco, named Chris Boyle President of Home Lending, responsible for all external-facing functions, client engagement, strategy, marketing and business development.
Staying Connected While Working Remotely (MBA LIVE)
When the coronavirus struck earlier this year, mortgage companies pivoted quickly toward remote working. Now they are working hard to keep their dispersed teams connected, analysts said Tuesday during the MBA Live Risk Management, QA and Fraud Prevention Forum 2020.
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.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications fell for the fourth time in five weeks even as key interest rates held near record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending September 11.
MBA LIVE: Virtual Annual Convention & Expo Oct. 19-21
MBA is gearing up for its first-ever virtual Annual Convention & Expo. Taking place October 19-21 via MBA LIVE, attendees can connect whenever they want, from wherever they want.
Fraud Update – 2020 and Beyond (MBA LIVE)
The recent—and fast—switch to digital mortgage, remote online notarization and closings have opened the door for new fraud activity.
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“Virtually every loan is riskier than it was when we began this year, and as a consequence virtually all companies have modified their manufacturing process to identify and mitigate those additional risk.”
–MBA Chair-Elect Susan Stewart, opening the MBA Risk Management, Quality Assurance & Fraud Prevention Forum yesterday.
Susan Stewart: COVID-19 Puts Risk Management, QA, Fraud Prevention ‘Front and Center’ (MBA LIVE)
Mortgage Bankers Association Chair-Elect Susan Stewart kicked off the MBA Risk Management, Quality Assurance and Fraud Prevention Forum with an astute observation: the coronavirus pandemic has put such issues “front and center.”
MBA, Trade Groups Ask Congress to Continue Flood Insurance Program
With the National Flood Insurance Programs set to expire—yet again—the Mortgage Bankers Association and nearly two dozen industry trade groups asked Congress for another program extension as policymakers work on a longer-term solution.