The Mortgage Bankers Association’s Human Resources Professionals Networking Group is an MBA member networking opportunity for HR heads, directors and managers of mortgage banking institutions or their designates.
Category: News and Trends
MBA Advocacy Update, Mar. 6, 2023
The Supreme Court said it would consider the Consumer Financial Protection Bureau’s appeal of the Fifth Circuit Court of Appeals decision in CFSA v. CFPB – in connection to its Payday Lending Rule – over the constitutionality of the Bureau’s funding mechanism.
MBA Chart of the Week March 3 2023–Tech Systems Employed by Commercial Real Estate Finance Firms
This week’s Chart of the Week presents findings from MBA’s CREF Technology Catalog, showing the areas in which firms are applying specific tech solutions. What is clear in looking at the industry is that CREF has always relied heavily on technology and does so more and more each year.
Quote: Mar. 7, 2023
“There were slight upticks among loans in CMBS, life companies and banks and decreases for Fannie Mae and Freddie Mac, but the overall performance remained positive. It is likely that as higher interest rates and softer property values work through the system this year – prompted by maturing and adjustable-rate loans – loan performance will adjust.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.
Sponsored Content from WFG: Are You Taking Full Advantage of the Home Equity Lending Boom?
Let WFG Lender Services arm you with the tools you need to capture your share of this growing market.
MISMO Seeks Public Comment on Private-Label RMBS Specification and Implementation Guide
MISMO®, the real estate finance industry standards organization, seeks public comment on the Private-Label Residential Mortgage-Backed Securities (PL RMBS) Specification and Implementation Guide, which will facilitate electronic exchange of mortgage asset data to credit rating agencies.
MBA Education Path to Diversity Scholar Profile: Ashley Puckett
Ashley Puckett is Senior Capital Markets Analyst with Vellum Mortgage, an independent mortgage bank in Fairfax, Va. She began in the industry in September 2011 as a Loan Processor. From there she moved into Post Closing for a few years, then in Secondary Marketing, “which I love.”
Aaron Davis and Jonathan Kearns: Countless Reasons to Adopt Digital Closings
As to the case for adopting digital closings, the obvious explanations (speed, efficiency, cost) remain. And now, even more equally persuasive reasons are emerging as well.
MBA Welcomes New Members
The Mortgage Bankers Association welcomed the following new members in January and February:
Mark P. Dangelo: Digital Transformation—Utilizing DaaP for Revenue Gains
In part three of the series, “In the Year of the Rabbit Data is a Slow Tortoise,” we address the mindset shifts and implementation approaches needed to reposition data beyond the traditional design thinking of systems. As native digital ecosystems explode, reusable, auditable, and evolutionary data will become the difference between digital transformation incremental efficiencies and new revenue streams.