Trepp, New York, said delinquency rates for commercial real estate loans held by banks declined in third-quarter 2022 after increasing modestly earlier in the year.
Category: News and Trends
Dealmaker: iBorrow Provides $17M for Two Apartment Properties
iBorrow, Los Angeles, provided a $17.3 million refinance loan on two mid-renovation multifamily communities in southern California.
Operating More Effectively in a Harsh Environment
Excerpted from a recent webinar featuring Tammy Richards of LendArch; Rob Chrisman of The Chrisman Commentary; and Augie Del Rio of Gallus Insights.
Rob Bayer of Anomaly Squared: Optimize Your Loan Officers’ Time with Call Center Outsourcing
Collaborating closely with those teams who specialize in contacting and qualifying leads quickly is a valuable way towards reaching your conversion goals. Typically, only 5-15% of qualified leads convert. The good news: companies that automate their lead management processes can see up to a 10% increase in revenue in 6-9 months.
People in the News Jan. 13, 2023: Exceleras Adds Jeannette McWay, Kelli Kysela
Exceleras, Glencoe, Ill., hired Jeannette McWay and Kelli Kysela to serve current and new clients on the company’s asset management and disposition platform.
Quote: Jan. 13, 2023
“This new, enhanced product certification program goes a long way toward reducing implementation risk by providing transparency on which components of software applications utilize MISMO standards.”
–Jonathan Kearns, MISMO Vice President of Product.
Susan Graham of FICS: Retaining Servicing Provides Competitive Advantage to Lenders in Challenging Mortgage Market
Servicing retention generates servicing fee income and helps servicers improve the customer experience. Modern loan servicing software automates investor reporting and compliance and creates a more efficient workflow, allowing servicers to effectively service loans in-house.
Call for Nominations: MBA NewsLink 2023 Tech All-Star Awards; Deadline Jan. 20
The MBA NewsLink 2023 Tech All-Star Awards nomination period is underway. Nominations will be accepted through Friday, Jan. 20.
Wes Slocum of Accenture Credit Services: Reflections on an Incredible Year
A year that started out on a high from record-breaking originations, has now come to a close with the industry taking a long look at how to press forward. At first blush, the next two years are likely to be challenging, but I lean more towards the optimistic view and see this time period as one filled with opportunity.
Scott Roller: Must-See Home Equity Vendor Solutions
In their cyclical fashion, most lenders are dusting off some antiquated home equity programs, most having spent no energy to prepare for this market opportunity. Given the past few years of overflowing refi pipelines, that is not surprising. Why plant corn if the market price for soybeans is breaking records? Conversely, multiple vendors have set themselves up to help lenders and credit unions successfully market, process, service and trade home equity loans and HELOCs.