LenderClose, Des Moines, Iowa, appointed Martina Schubert as chief technology officer, responsible for aligning technological vision with the company’s needs to positively impact current and future operations.
Category: News and Trends
MBA, Trade Groups Draft Model Remote Notarization Executive Order
The Mortgage Bankers Association, the American Land Title Association and the National Association of Realtors have developed a model executive order for states to enable remote notarizations during coronavirus pandemic.
Anita Bush: Offering Forbearance Under the CARES Act – A New Reality for Mortgage Servicers
According to the latest Mortgage Banker Association Forbearance and Call Volume Survey, the total loans in forbearance stands at 8.47%. While the number of new forbearance requests is declining, many servicers may still be working with forbearance borrowers for the rest of this year and into 2021. Here’s what servicers can do to handle this new reality.
Mortgage Applications Decrease Again in MBA Weekly Survey
Mortgage applications fell for the second straight week, albeit slightly, even as key interest rates continued to hover at record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 26.
Aneeza Haleem: Can You Trust AI and Your BOT Workforce to Make the Best Decisions for Your Customers?
We have successfully tackled using AI in newer areas, such as tiered contextual responses, voice recognition, biometrics and natural language processing. The fuzziness increases in emerging areas of AI use, including one where it’s especially common in mortgage banking – customer engagement using sentiment analysis and advanced contextual cues.
MBA Education Path to Diversity Scholar Profile: Sharon Wortman
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
MBA, Partners Launch CONVERGENCE Affordable Housing Initiative in Memphis
A year ago, the Mortgage Bankers Association launched a strategic initiative to help develop stronger and more effective affordable housing partnerships in both the policy and business arenas. Recently, MBA put that commitment to work in Memphis.
Technology Talk: Q&A with SS&C’s Bob Wright, CMB, CCMS
MBA NewsLink interviewed Bob Wright, CMB, CCMS,about SS&C Technologies’ work-from-home experience and his experience with Coronavirus.
Quote
“After two months of strong growth, purchase applications declined for the second week in a row. The weakening in activity is potentially a signal that pent-up demand is starting to wane and that low housing supply is limiting prospective buyers’ options. The average purchase application loan size increased to a record high in our survey – more proof that tight inventory conditions are leading to faster price growth.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Mortgage Applications Decrease Again in MBA Weekly Survey
Mortgage applications fell for the second straight week, albeit slightly, even as key interest rates continued to hover at record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 26.