In this ongoing article series, we report on mortgage and credit union vendor marketplace events and trends, and we then share our viewpoints. The theme for today’s article is a unique set of circumstances that is enlisting homeowners to be an active participant within the appraisal process during the pandemic – and likely into the future.
Category: News and Trends
Abhinav Asthana: The Changing Landscape of Customer Acquisition & Engagement in the Lending Industry
Creating frictionless experiences is imperative to customer-facing businesses, and reducing friction is now a core driver of competitive differentiation. Lending organizations are continuously thinking about how to attract and retain customers by offering consistently relevant, personalized, and frictionless experiences while taking nothing for granted.
MBA Education Path to Diversity Scholar Profile: Austin Miller
(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 Is Meeting this Crisis Head-On’
WASHINGTON, D.C.—“These are no normal times.” With those words, Mortgage Bankers Association Robert Broeksmit, CMB, not only described the past few months, but also set the tone for the future of the real estate finance industry and life in general.
Mortgage Applications Drop in MBA Weekly Survey
Mortgage applications fell for the first time in three weeks—although purchase applications remained strong—the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending May 15.
FHFA Announces Refi/Home Purchase Eligibility for GSE Borrowers in Forbearance
Fannie Mae and Freddie Mac issued temporary guidance regarding the eligibility of borrowers who are in forbearance, or have recently ended their forbearance, looking to refinance or buy a new home.
Sponsored Content: Intelligent Valuation Portal — Your Rules, Your Evolution
While regulations, state law, and the definition of “essential business” change at a seemingly daily rate, the housing industry is caught in an unpredictable moment of waiting. In response, Connexions – a bank-grade, SaaS financial valuation company – has introduced a solution to help lenders operate effectively and responsibly.
Neal Doherty: A Lender’s Guide to PPP Loan Forgiveness Timeline
This article is intended as an overview of key steps in submitting and obtaining PPP loan forgiveness. It is based on guidance from the SBA, current as of the date of publication, and is merely a general overview. Lenders should always consult with their own legal advisor and check for new or updated guidance.
With Elections Looming, Sharp Divisions in the Political Landscape, But Hope for Common Ground
The 2020 elections are less than six months away—and political divisions in America appears to be more prevalent than ever. Judging from appearances yesterday at MBA Live: State of the Industry, that won’t change soon.
Paul Fischer of Paradatec on What Mortgage Servicers Can Expect in Months Ahead
Paul Fischer is Director of Professional Services with Paradatec, Cincinnati. The company’s website is https://www.paradatec.com/.