Randolph is a senior director in Freddie Mac’s Single-Family business where she leads a team tasked with ensuring industry software providers and lenders are optimizing the use of Freddie Mac’s digital tools and capabilities. She’s also an MBA NewsLink 2023 Tech All-Star Award recipient.
Category: News and Trends
MBA NewsLink 2023 Tech All-Star: Gabe Minton of Mortgage Connect
As Executive Vice President and Chief Information Officer of Mortgage Connect, LP, a PIttsburgh-based IT company that supports lenders, servicers and institutional investors, Gabr Minton is engaged on the frontline of transforming the mortgage industry into a seamless digital experience for lenders and their customers. He’s also a recipient of an MBA NewsLink 2023 Tech All-Star award.
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.
ULI: Office Sector in ‘Full State of Flux’
Offices are here to stay, but the sector is in ‘a full state of flux,’ said the Urban Land Institute, Washington, D.C., and Instant Group, London.
Dealmaker: Madison Realty Capital Originates $55M for West Palm Beach Residences
Madison Realty Capital, New York, provided $55.1 million to Savanna, New York, for Olara, a waterfront condominium tower in West Palm Beach, Fla.
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.
Employment Show Signs of Slowing
Total nonfarm payroll employment rose by 236,000 in March, the Bureau of Labor Statistics reported Friday—the smallest increase in more than two years, but enough to push the unemployment rate down to 3.5 percent.
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