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 vendor innovations that are driving speed, quality and cost saves – a select few vendors that really don’t look much like their contemporaries.
Category: News and Trends
Industry Briefs
Black Knight, Jacksonville, Fla., released a white paper that provides an in-depth evaluation of the impact the extended disruption of the COVID-19 pandemic may have on the housing and mortgage industries.
MBA April Economic Commentary: Economy Slows Sharply; Massive Job Loss; but V-Shaped Recovery in Forecast
The spread of the coronavirus has slowed global and U.S. economic activity to a halt. Public and private measures to stem the spread of the virus have led to indefinite interruptions in many sectors of the economy, as well as future uncertainty surrounding how long this pause in the global economy will last and what the potential economic losses could be.
MBA 2020 Tech All-Star Rick Triola: The Crusade for Remote Online Notarization
One of the most remarkable mortgage technology developments in the past couple of years has been emergence of Remote Online Notarization as standard operating procedure. And the industry has Rick Triola to thank for that.
Andrew Foster, Kelly Hamill: First Aid–Paycheck Protection Program Begins
The $2 trillion CARES Act bill is designed in part to provide liquidity to small businesses—including hard hit hotels—who will turn to the program first to cover costs such as payroll, utilities and interest on debt payments. Commercial real estate borrowers, tenants and their employees are prime candidates to apply for the program and many of MBA’s member banks will be instrumental in getting this $350 billion of relief to small businesses and their employees in communities across the country through their SBA lending programs.
MBA Survey Shows Spikes in Loan Forbearance, Servicer Call Volumes
New survey findings from the Mortgage Bankers Association highlight the unprecedented, widespread mortgage forbearance already requested by borrowers affected by the spread of the coronavirus (COVID-19).
MBA Creates Print, Video PSAs for Members to Communicate COVID-19 Resources
To help inform consumers about the appropriate time to contact their mortgage companies, the Mortgage Bankers Association has created a 30-second video and corresponding ads for members’ use.
MBA Survey Shows Spikes in Loan Forbearance, Servicer Call Volumes
New survey findings from the Mortgage Bankers Association highlight the unprecedented, widespread mortgage forbearance already requested by borrowers affected by the spread of the coronavirus (COVID-19).
MBA Mortgage Action Alliance ‘Call to Action’ Urges Governors to Prioritize Mortgage Relief Efforts
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a “Call to Action” yesterday, asking its members to contact their state governors and urge them to prioritize mortgage and rental assistance for those in greatest need.
Dealmaker: JLL Arranges $137M for Multifamily
JLL Capital Markets arranged nearly $137 million in financing for multifamily projects in California, Colorado and New Jersey.