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.
Category: News and Trends
MBA Advocacy Update Nov. 23 2020
On Wednesday, the Federal Housing Finance Agency issued a final rule establishing a revised capital framework for Fannie Mae and Freddie Mac. The final capital framework follows an initial proposal put forth by FHFA in 2018, which was re-proposed in 2020.
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.
MBA Education Webinar: Mortgage Market Developments and Becoming a Public Company Dec. 14
MBA Education presents Mortgage Market Developments and Becoming a Public Company, a webinar on Monday, Dec. 14 from 2:00-3:00 p.m. ET.
Participate in MBA/STRATMOR 2021 Peer Group Roundtables
Is your company flying blind with incomplete or incomparable data to support key business decisions? Consider joining an elite group of 100+ lenders this spring that participate in the MBA and STRATMOR Peer Group Roundtables (PGR).
MAA Accepting Nominations for Steering Committee; Deadline Nov. 25
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.
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“With the continuing pandemic and challenges from social unrest, 2021 will be a year of certain change in which financial services leaders will need to quickly adapt to shifting market forces as they have over the past year. Aligning priorities and investments to what consumers need most to navigate their changing world will be critical for financial services organizations to remain successful, relevant and competitive in the coming year.”
–Karl Dahlgren, managing director with BAI, Chicago.
MBA Opens Doors Foundation Receives $153,000 From EPM ‘Choose Kindness’ Campaign
The MBA Opens Doors Foundation announced it received $153,634 from Equity Prime Mortgage’s Choose Kindness campaign, including a personal donation of $26,300 from Eddy Perez, CMB, President and CEO of EPM.
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.
Ellie Mae: Low Rates Sustain Refi Surge
Ellie Mae, Pleasanton, Calif, said interest rates below 3 percent pushed the share of refinances of closed loans to a record 60 percent in October.