two years ago, mortgage industry advisory firm STRATMOR Group published data illuminating just how important it is for loan officers to attend their closings. We live in a very different world than we did two years ago, and while the nature of closings may have changed in 2020, the impact of the closing on the overall borrower experience has not.
Category: News and Trends
Fannie Mae: Prepare to Go Digital with eMortgage
The eMortgage Readiness Checklist outlines key steps toward adopting a digital mortgage process and will prepare you for selling and servicing eMortgages with Fannie Mae. Use it to assess readiness and track your progress.
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“MBA has long been a proponent of adequate funding for staffing, project management and potential improvements that would allow the agency to better manage its operations and the risks associated with its Mutual Mortgage Insurance Fund.”
–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, in an MBA letter to House appropriators in support of the Fiscal 2021 T-HUD appropriations bill.
Mortgage Applications Up Again as 30-Year Rates Hit Another Record Low in MBA Weekly Survey
Mortgage applications increased for the second straight week as the 30-year fixed rate fell to yet another record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 10.
Dealmaker: Meridian Capital Group Arranges $51M Multifamily Loan
Meridian Capital Group, New York, arranged $51.3 million in acquisition financing for The Harbor, a multifamily property in Coral Springs, Fla.
Craig Riddell of LoanLogics on Digital Technologies
Craig Riddell is Executive Vice President and Chief Business Officer with LoanLogics, Trevose, Pa. He is responsible for establishing and developing ongoing relationships with LoanLogics’ largest enterprise clientele, as well as leading the company’s Sales, Marketing and Account Management functions.
Mark Dangelo: Beware—Watch This Space, Part One
In a world of uncertainty, bankers, lenders and technology firms had grown accustom to traditional measures and approaches honed over decades of lessons learned. Today, the playbooks are gone, and we need to accept that consumers will not wait for us as we say the right things—but execute against a script that has been retired.
MBA: May New Home Purchase Mortgage Applications Up 20% from May, 54% from Year Ago
The home building market continued to show signs of sharp recovery from the coronavirus economy, the Mortgage Bankers Association reported this morning, with June mortgage applications for new home purchases increasing by 54.1 percent from a year ago and by 20 percent from May.
People in the News July 14, 2020
Wells Fargo & Co., Des Moines, Iowa, announced Kristy Fercho will join the company at the beginning of August as head of Wells Fargo Home Lending. She will replace Michael DeVito, who has announced plans to retire later this summer after more than 23 years with Wells Fargo.
Mortgage Vendor News & Views with Scott Roller
In this ongoing article series, we report on mortgage and credit union vendor marketplace events and trends, and we then share our viewpoints. Today we highlight three very unique tech vendors that help in attracting and retaining borrowers, while improving your customer care model via a variety of newer entrants in our service provider market.