Here’s a summary of Top National News Items from major news sites and industry trade publications. To get started, click on the headline above:
Category: News and Trends
Industry Briefs Dec. 15, 2022: CFPB Proposes Registry to Detect ‘Repeat Offenders’
The Consumer Financial Protection Bureau proposed requiring certain nonbank financial firms to register with the CFPB when they become subject to certain local, state or federal consumer financial protection agency or court orders.
Joe Welu of Total Expert: How to Motivate Employees to Embrace New Technologies
Implementing a new technology or process during uncertain economic times might seem counterintuitive. However, improving internal workflows to be more efficient and effective is precisely the move that lenders should consider as they plan for the year ahead.
Murali Tirupati of Vaultedge: Leveraging Automation to Maximize ROI on MSR Transfers in a Hot Market
While MSR portfolio purchase drives asset growth for buyers, it also brings its fair share of risks and cost & quality challenges. The question is, how to leverage tech not only to eliminate these risks but also maximize ROI for the acquired MSR assets.
John Walsh of LERETA on Servicing Tax Issues
John Walsh is CEO of LERETA, Pomona, Calif. He leads an executive leadership team focused on providing the mortgage and insurance industries accuracy, responsiveness and innovative technology.
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.
MBA Weekly Survey Dec. 14, 2022: Applications Rebound After 2 Down Weeks
Mortgage applications rose for the first time in three weeks, despite an uptick in mortgage interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending December 9.
Biz2Credit: November Loan Approvals Drop at Banks, Credit Unions
Biz2Credit, New York, said small business loan approval percentages at big banks dropped from 14.7% in October to 14.6% in November, the second lowest total in 2022.
Joe Welu of Total Expert: How to Motivate Employees to Embrace New Technologies
Implementing a new technology or process during uncertain economic times might seem counterintuitive. However, improving internal workflows to be more efficient and effective is precisely the move that lenders should consider as they plan for the year ahead.
Industry Briefs Dec. 14, 2022: CFPB Proposes Registry to Detect ‘Repeat Offenders’
The Consumer Financial Protection Bureau proposed requiring certain nonbank financial firms to register with the CFPB when they become subject to certain local, state or federal consumer financial protection agency or court orders.