Category: News and Trends

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“Kelli [Burke] is a core member of MBA’s commercial-multifamily team, and her background, deep industry knowledge, and execution help her effectively engage with and advocate on behalf of our members. I can think of nobody more deserving of this recognition and am confident she will continue to deliver substantive results for our members.”
–MBA Senior Vice President of Commercial/Multifamily Policy and Member Engagement Mike Flood, on MBA Vice President Kelli Burke’s selection for the #NEXTPowerhouseAwards, presented by NEXT Mortgage Events & News.

| By MBA NewsLink Staff

Mark P. Dangelo: The Demise of the Contact Banker

Banking was a “contact” industry—prior to the Great Recession. With the loss of 12,000 branches in the past decade and consumers now doing over 90% of their transactions digitally, public health implications and social unrest, if sustained, may be the catalysts for closing many more branches by 2022.

| By MBA NewsLink Staff

Clint Salisbury: For eClosing Success, Fine Tune Implementation

Our industry’s reliance on technology is deepening every day as never-before-experienced demands emerge. For example, in a world that demands distance, the ability to perform an eClosing has evolved from nice-to-have to “essential worker” status. Lenders entering this uncharted territory may find setting internal and external eClosing protocols daunting. Whether you adopt a hybrid process or go fully digital, there are best practices consistent for each option that can ensure your successful eClosing implementation.

| By MBA NewsLink Staff

MBA Education Path to Diversity Scholar Profile: Malik Wilkes

(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.)

| By MBA NewsLink Staff

MBA, Trade Groups Oppose ‘Fundamentally Flawed’ California COVID Relief Bill

The Mortgage Bankers Association and nearly two dozen other industry trade groups sent a letter this week to California legislators, strongly opposing as “fundamentally flawed” and “disruptive” a broad-brush bill aimed at assisting state residents experiencing financial difficulties amid the coronavirus pandemic.

| By Mike Sorohan

Americans File 1.54 Million More Initial Claims

More than 1.5 million Americans filed new claims for unemployment insurance during the first week of June, the Labor Department reported Thursday—the lowest level since the start of the coronavirus pandemic but still well above historic norms.

| By MBA NewsLink Staff