Commercial and multifamily mortgage delinquencies remained low in the fourth quarter, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.
Category: News and Trends
Susan Graham: Reduce Origination Expenses by Using Loan Origination Software to Maximize Efficiencies
When loan origination volumes begin to drop, lenders must find ways to be more efficient to maintain profitability. Even with the growth of the past decade and the advances in technology tools, origination costs continue to rise, cutting into lenders’ bottom line.
MBA Advocacy Update
On Monday, FHFA published an RFI initiating a review of its regulations governing FHLB membership. In addition, HUD announced at MBA’s Servicing Solutions Conference significant changes to FHA’s Claims Without Conveyance of Title (CWCOT) program that have been a long-standing MBA priority.
Reggora’s Brian Zitin Discusses Appraisal Technology
Brian Zitin is Co-Founder and CEO of Reggora, Boston. Reggora is an appraisal technology company that gives mortgage lenders and real estate appraisers two-sided software that streamlines the appraisal process. The firm’s software automates manual processes from automatic order allocation to comprehensive quality control, freeing up time and decreasing costs for both parties.
MBA Chart of the Week: Estimates of New Home Sales
Want to get an early read of the U.S. Census Bureau’s monthly release of new home sales? Start following MBA’s estimates on new home sales in the monthly release of the Builder Application Survey.
People in the News
Planet Home Lending LLC, Meriden, Conn., hired Jim Bopp as vice president of national renovation lending. He will manage Planet’s retail and correspondent renovation loan programs, including FHA 203(k), VA Alterations and conventional loan offerings.
MBA Advocacy Update
On Monday, FHFA published an RFI initiating a review of its regulations governing FHLB membership. In addition, HUD announced at MBA’s Servicing Solutions Conference significant changes to FHA’s Claims Without Conveyance of Title (CWCOT) program that have been a long-standing MBA priority.
MBA Chart of the Week: Estimates of New Home Sales
Want to get an early read of the U.S. Census Bureau’s monthly release of new home sales? Start following MBA’s estimates on new home sales in the monthly release of the Builder Application Survey.
People in the News
Planet Home Lending LLC, Meriden, Conn., hired Jim Bopp as vice president of national renovation lending. He will manage Planet’s retail and correspondent renovation loan programs, including FHA 203(k), VA Alterations and conventional loan offerings.
Altisource: AI Will Differentiate Competition
Altisource, Luxembourg, released its annual State of the Originations Industry report, which said a significant number of respondents said artificial intelligence will enable their organization to stand out among its competitors.