Planet Home Lending LLC, Meriden, Conn., promoted Dalila Ramos to Vice President of Talent Acquisition to support recruiting efforts and attract talent.
Category: News and Trends
Mark P. Dangelo: Lead, Follow or be Run Over
As we investigate 2021, one thing is certain, technology will be the innovation mantra pushing mortgage bankers and their high-touch processes into realities such as straight-through processing. These advanced technical innovations will challenge FSBO’s to think very, very differently.
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“Weekly mortgage rate volatility has emerged again, as markets respond to fiscal policy uncertainty and a resurgence in COVID-19 cases around the country. The decline in rates ignited borrower interest, with applications for both home purchases and refinancing increasing on a weekly and annual basis.”
–Joel Kan, MBA Associate Vice President of Industry and Economic Forecasting.
MBA: Share of Mortgage Loans in Forbearance Edges Up to 5.48%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased to 5.48% of mortgage servicers’ portfolio volume as of November 15, from 5.47% the week before. MBA estimates 2.7 million homeowners are in forbearance plans.
State Regulators Advise Licensees to Renew by Nov. 30
State regulators encourage individuals and businesses that provide mortgage, money transmission, debt collection and consumer financial services to renew their licenses in Nationwide Multistate Licensing System by November 30 to avoid processing delays.
Debarchana Roy: Touchless Covid-Tech to Support Customer Well-Being, Customer Engagement
The shift to digital-first technology has accelerated greatly. Once far on the horizon, digital adoption is no longer an option. Lenders must embrace digital solutions and explore augmented technology to meet consumers where they are and on their own time.
Sponsored Content from Nationwide Title Clearing: Making a Sale or Partnering?
Selling and delivering as a business partner in today’s market, with Nationwide Title Clearing VP of Sales & Marketing, Danny Byrnes.
David Snitkof: 3 Ways to Use Technology to Reduce Bias in Mortgage Underwriting
Lenders can reduce the impact of human bias on credit decisioning by building standardized, repeatable and observable processes facilitated by machines. While there’s still value in human interactions, machines are better at ensuring fairness and auditability. You can’t see inside a human mortgage underwriter’s brain, but a computer’s memory leaves a clear trail, making bias easier to measure and safeguard against.
MAA Accepting Nominations for Steering Committee; Deadline COB Today
The MBA Mortgage Action Alliance is accepting nominations for three at-large seats on the 2021-2022 MAA Steering Committee in accordance with the MAA bylaws. The nomination deadline is 5:00 p.m. ET today, Nov. 25.
Dealmaker: Cushman & Wakefield Brokers $45M in Industrial Asset Sales
Cushman & Wakefield, Chicago, brokered $45.3 million in Arizona industrial property sales.