MonitorBase, Murray, Utah, promoted Lilly Staniforth to vice president of business relations. She will focus on improving the company’s brand awareness and value proposition and building stronger client relationships.
Category: News and Trends
Dealmaker: Madison Newbond Originates $20M for Miami Beach Hotel
Madison Newbond, New York, provided a $20 million loan to FullG Capital, Toronto, to acquire the Balfour Hotel Miami Beach.
Shelley Leonard and James Owens, CMT, of Xactus on Trends in Mortgage Technology
Shelley Leonard is President of Xactus, Broomall, Pa., a provider of verification for the mortgage industry, and is also a member of the Board of Directors. James Owens is Chief Technology Officer with Xactus.
Former House Speaker Paul Ryan Keynotes MBA Annual22 Opening General Session
Former House Speaker Paul Ryan, R-Wis., keynotes the Opening General Session at the Mortgage Bankers Association’s Annual Convention & Expo on Monday, Oct. 24 at 8:30 a.m. CT.
Quote
“A continuing slowdown in across-the-board leasing velocity reflects mounting concerns among small businesses that economic conditions will get worse before they get better. The Federal Reserve appears hellbent on taming the inflation tiger, and the current regime of interest rate hikes has taken the air out of the proverbial balloon, has raised market risks and may level potentially punishing effects on all commercial real estate market participants.”
–Randy Fuchs, Principal and Co-Founder of Boxwood Means, Stamford, Conn.
Industry Briefs Oct. 6, 2022: HUD Allocates $28M to Fight Housing Discrimination
HUD announced $28,625,000 available to fair housing organizations across the nation working to fight housing discrimination. The funds will support a variety of activities, including fair housing education and outreach, testing and enforcement, through the Department’s Fair Housing Initiatives Program.
MBA Premier Member Profile: Constellation Mortgage Solutions
Constellation Mortgage Solutions provides industry-leading lending technology solutions through its products: Mortgage Builder LOS, Mortgage Builder LSS, ReverseVision LOS and our new LOS – NOVA.
Michael Berman of Ncontracts: What Is Appraisal Bias and How Can My Mortgage Company Avoid It?
Appraisal bias, or when an appraiser considers illegal factors such as the race of the homeowner or the racial makeup of a neighborhood when determining the fair market value of a property, doesn’t sound like a problem that should occur in 2022, but it regularly does.
Jim Voth of Falcon Capital Advisors on Digital Mortgage Adoption
Jim Voth leads the Digital Mortgage practice at Falcon Capital Advisors, Washington, D.C., where he manages digital transformation engagements for GSE, government and banking clients.
Sponsored Content from ACI Worldwide: The Shift to Mobile: Mortgage Borrowers’ Evolving Payment Preferences
Consumer research sheds light on shifting payment trends offering lenders opportunities to improve customer engagement and drive more self-serve.