Success Mortgage Partners Inc., Plymouth, Mich., named Allison Johnston, CMB, as President.
Category: News and Trends
John Vella of Altisource on URLA, Non-QM Lending and Improving the Borrower Experience
John Vella serves as Chief Revenue Officer of Altisource. Previously, he served as Chief Operating Officer of Equator LLC. He began his financial services career with the Federal Deposit Insurance Corp. and Freddie Mac and later served as Chief Sales Officer for H&R Block’s mortgage company.
National MI Launches Campaign for MBA Opens Doors Foundation
National Mortgage Insurance Corp., Emeryville, Calif., announced it is a 2020 supporter of the Mortgage Bankers Association Opens Doors Foundation, which provides housing payment assistance to parents and guardians caring for a critically ill or injured child.
MBA, Trade Groups Raise Concerns over TRID Brokered Transactions
The Mortgage Bankers Association, in a letter this week to the Consumer Financial Protection Bureau, said as the Bureau assesses the effectiveness of its TRID Integrated Disclosure Rule it should reconsider provisions of the rule regarding wholesale creditors and brokered transactions.
People in the News
Success Mortgage Partners Inc., Plymouth, Mich., named Allison Johnston, CMB, as President.
Veros: ‘Red State’ Home Appreciation Projects Higher in 2020
It’s an election year, and no matter how you try, you’re not going to get away from politics. Not here, nor in the housing market. So, take a sip of coffee and read on.
Ellie Mae: Interest Rate Rise Sparks Jump in Purchase Originations
The company’s monthly Origination Insight Report said purchase loans accounted for 54 percent of total closed loans in December, up from 51 percent in November and the 2019 low of 49 percent in September.
MBA, Trade Groups Urge Caution on FHFA Proposed Changes to GSE UMBS Pooling Practices
The Mortgage Bankers Association, in a Jan. 21 letter to Federal Housing Finance Agency Director Mark Calabria, urged caution on a proposed “waterfall approach” to pooling practices used by Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Security market, saying in its current form the proposal could have a “negative effect” on market liquidity, raise borrowing costs and reduce access to credit.
Industry Briefs
Covius Holdings Inc., Denver, a provider of technology-enabled platforms to the financial services industry, announced it acquired Clayton Services LLC, a provider in loan due diligence and credit risk management surveillance services, from Radian Group Inc.
Nancy Alley: eClosing Best Practices, Part II: Driving Adoption with Key Stakeholders
There’s more to adopting a digital mortgage strategy than simply using the necessary technologies and processes. Successful adoption also depends on getting clear and explicit buy-in from key stakeholders, such as borrowers, lender team members and settlement agents. By getting these crucial groups on board, lenders can then make the digital mortgage experience intuitive, consistent and repeatable.