“From a QC standpoint, we’re dealing with opposite ends of the challenges. On one hand, we have record volume that everyone is struggling with, and an economy moving in the opposite direction, which has been a challenge for everyone in the industry to reconcile those differences.”
–Ronald Feigles, Vice President of Single-Family Quality Control and Fraud with Freddie Mac, McLean, Va.
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.
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.
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 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.”
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.
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.
Roostify, San Francisco, named Chris Boyle President of Home Lending, responsible for all external-facing functions, client engagement, strategy, marketing and business development.
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.
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.
