People in the News

Planet Home Lending LLC, Meriden, Conn., promoted Kathy Keller to SVP of Strategic Initiatives and hired Mike Eckrote as SVP of Quality Control and Christopher Joles as SVP and Enterprise Risk Officer.

Purchase Applications Drive Increase in MBA Weekly Survey

Mortgage applications edged up for the second straight week, driven by strong purchase application activity, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending May 8.

Mark Dangelo: Innovation Thinking—Winning in an Uncertain Future

The financial services and mortgage industries have not felt the full impact and unintended consequences of COVID-19 and the governmental interventions. The result will be that innovation disruption moving forward will be not be kind, will not be benevolent, and will not be industry friendly.

MBA Reports Rise in 1st Quarter Mortgage Delinquencies

Mortgage delinquencies rose in the first quarter as the economic effects of the coronavirus pandemic began to take hold, the Mortgage Bankers Association reported this morning.

Scott Roller: Remote Online Notarization – Navigating the Icebergs

Necessity is the mother of all invention, so the saying goes. No, not exactly true here. RON was already being deployed in pockets across the industry pre-coronavirus. Therefore, its more appropriate to proclaim, “perplexing problems produce instant popularity where past procrastination persisted.” Said more plainly – nothing is more white-hot than RON right now, and everyone suddenly cannot live without it. Demand far-outstrips supply by a factor too large to contemplate.

Matt Clarke: How Technology Can Enhance Borrower’s Experience by Supporting Lender

As the industry becomes increasingly digital, mortgage professionals must find a way to survive and keep up with demand at rapid speed. Unfortunately, the latest and greatest technology comes at a price. To truly succeed, mortgage professionals need to determine strategies that reduce expenses while offering a convenient relationship-based mortgage experience for borrowers.

MBA Premier Member Profile: Richey May

Richey May, Englewood, Colo., is an accounting and business consulting firm, focused on the mortgage banking industry. Our diverse offerings include Audit, Tax, Accounting, Business Advisory and Technology Consulting. Founded in 1985, our specialized approach allows us to serve our clients at a high level, with many service leaders holding previous experience at mortgage companies.

Multifamily Leasing Bounces Back

New apartment lease signings “clawed back” to year-ago levels in late April after plunging nearly 50 percent in late March, reported RealPage, Richardson, Texas.

Purchase Applications Drive Increase in MBA Weekly Survey

Mortgage applications edged up for the second straight week, driven by strong purchase application activity, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending May 8.