Le Tran joined WEOKIE Federal Credit Union, Oklahoma City, Okla., in 1995 and currently serve as its Assistant Vice President of Mortgage Underwriting.
Category: News and Trends
MBA NewsLink 2023 Tech All-Star: Rob Chrane of Down Payment Resource
Qualifying buyers is getting tough these days, with many struggling to save for a down payment—not to mention having cash reserves on hand. It’s a topic heard around water coolers and over cocktails – those so-called “barbershop (or beauty shop) settings,” where people hang up for a while and catch up on neighborhood news. And that’s right where Rob Chrane, founder and CEO of Down Payment Resource, and an MBA NewsLink 2023 Tech All-Star Award recipient, wants down payment assistance to be talked about.
MBA Advocacy Update Apr. 10, 2023
Last Friday, MBA submitted comments on the Consumer Financial Protection Bureau’s proposed rule requiring nonbank financial firms that are under a final court order or regulatory order to enter those into an online registry.
Sharon Reichhardt of ACES Quality Management: Spring Your QC Forward or Fall Behind Fannie Mae’s New Requirements this September
Given the downturn in mortgage volume and the exploding cost to originate, Fannie Mae’s announcement comes at a time when QC departments may be much leaner than they were the year before. However, lenders can ill afford to ignore these changes, and compliance may mean investing in automation despite declining profitability.
Quote: Apr. 11, 2023
“Mortgage credit supply increased modestly in March but remained close to its tightest levels since 2013. With the spring buying season underway, lenders are grappling with the threat of a recession and tighter overall financial conditions following the recent bank failures.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
MBA Chart of Week Apr. 7, 2023: IMB Loans Closed Per Production Employee Per Month
In this week’s MBA Chart of the Week, we look at the median productivity of production employees for these independent mortgage bankers, given this drop in production volume.
Sponsored Content from Equifax: The Potential Positive Impact of Telecommunications, Pay TV and Utility Payment Data on Mortgage Lending
While credit reports continue to provide an indication of credit history and past financial behaviors, reviewing various forms of differentiated data sets, such as telecommunications (telco), pay TV and utilities insights, can help provide greater visibility into a borrower’s financial profile and increase opportunities for homeownership for more than 191 million American consumers
Mind the Gap: What CONVERGENCE Columbus Can Teach Us About Increasing Black Homeownership
The homeownership gap between Black and white Americans is wider today than in 1960 when housing discrimination was legal. To look at the mechanisms behind this shocking stat in one community, CONVERGENCE Columbus surveyed local loan originators and real estate agents for their thoughts on how to increase Black homeownership. Our findings were enlightening and offer lenders everywhere four important lessons for supporting homeownership equity.
CONVERGENCE Partner Profile: Meghan Bartholomew of Radian
Meghan Bartholomew is Executive Vice President of Credit and Counterparty Risk Management with Radian, Philadelphia. She discussed Radian’s work with the CONVERGENCE initiative, a place-based partnership focused on narrowing the racial homeownership gap.
Mark P. Dangelo: Banking Lessons–‘Beware the Ides of March’
Taking lessons from literature and history, the continuation of 30-years of banking business and operating models are rapidly expiring. Pierced by a permanent transformation to data-driven intelligence, recent systemic failures, and technological progressions bankers need to accept that the era of apps mindsets has ended—data-as-a-product (#DaaP) solves many current and future requirements.