Creating the most effective risk assessments involves a combination of research, analysis, experience and collaboration. Monica Bolin is a risk management expert with Ncontracts and former chief risk officer with more than three decades of experience in the banking industry.
Category: News and Trends
Maureen Townson of Enact: Keeping Homebuyer Education Current and Relevant for Borrowers
April is Financial Literacy Month. As mortgage professionals, we have the opportunity – and responsibility – to educate borrowers about homeownership from beginning the homebuying process to discussing what happens after the loan closes.
Souren Sarkar, CMB, of Nexval: What Recent Flight Fiascos Can Teach Us About Investing in Technology
If mortgage servicers ever needed an argument to not hold back on technology investments, they need look no further than the recent fiascos in the airline industry.
MBA Advocacy Update Apr. 17, 2023
MBA, NYMBA, ABA, NYBA and HPC filed a joint Amicus brief with the New York State Appellate Division of the Supreme Court in support of the plaintiff in U.S. Bank National Association v. Simon. In this case, the plaintiff is, in part, challenging the constitutionality of New York’s Foreclosure Abuse Prevention Act
Dealmaker: George Smith Partners Places $15M Bridge Loan
George Smith Partners, Los Angeles, placed a $14.5 million bridge loan for the lease-up of a newly constructed 54-unit apartment building in Los Angeles.
Apartment Rents Post First Annual Decline in Three Years
The median U.S. apartment asking rent fell slightly in March and the rental component of the Consumer Price Index has leveled off, two new reports said.
MBA Chart of the Week, Apr. 14, 2023: Number of Homes Available for Sale
MBA’s forecast calls for a gradual recovery in home purchase activity in the second half of 2023, driven by some catch-up buying from 2022 when mortgage rates surged and by younger age cohorts entering homeownership. However, this recovery will be dependent on affordability conditions improving
The Week Ahead, Apr. 17, 2023: On-Site at the MBA National Advocacy Conference
Good morning and happy Monday! MBA NewsLink comes to you onsite this week from the MBA National Advocacy Conference, which takes place Tuesday, Apr. 18 and Wednesday, Apr.19 at the JW Marriott in Washington, D.C.
Tracy Freese of Help With My Loan: Why AI Is a Game-Changer for the Mortgage Industry
Over the past few years, AI has become widely used across many industries, including finance. Artificial intelligence technologies are rapidly becoming better, able to take on tasks that are more complex. AI technologies also getting more specific to certain applications. Now, for example, you can leverage AI lending software to intelligently process mortgage documents.
Sponsored Content from First American Data & Analytics: Upgrading Your Tech Stack–Don’t Overlook Data Quality
Data plays a critical role in lending decisions. It’s important to understand how it powers your solutions and why quality matters.