MISMO®, the real estate finance industry standards organization, seeks public comment on Version 3.6 of the MISMO Reference Model, which includes new data points and structures related to a number of important industry business, regulatory and investor changes.
Category: News and Trends
Sponsored Content from ACES Quality Management: Profit Retention Strategies for Quality Control Operations
Proper quality control reporting can be a compass for lenders in creating efficient and profitable mortgage businesses.
Doug Wilber of Denim Social: How to Stay Top of Mind (and Competitive) with Social Selling
Social selling requires continual care and management, but it’s worth the investment of time, and effort when you’re using social to drive business results. A daily social selling routine helps loan officers in so many ways and managing a program doesn’t have to be overwhelming.
Laird Nossuli of iEmergent: Neither Risky Nor Mysterious, SPCPs are Evidence-Based Lending
As someone who has been advising lenders on market strategy for years, I can say that developing SPCPs is neither risky nor mysterious when driven by sound data. Like any well-designed lending program, SPCPs require engaging in intentional, market data-based product design and performance evaluation — a practice that every lender could benefit from if it is not already.
Jason Doshi of Paymints.io: In the Battle against Margin Compression, Don’t Overlook These Opportunities
While lenders are doing their best to leverage new technology in the battle against cost and inefficiency, for many, the efforts are almost entirely an in-house effort. Considering that production of a mortgage lies in the hands of multiple entities—the lender, perhaps a mortgage broker, the title and closing company, the appraiser and the like—that may well be a mistake.
MBA Education Path to Diversity Scholar Profile: Kimberly Phegley
Kimberly Phegley joined FirstBank in 2017 and currently serves as the company’s Chief Audit Executive. She is responsible for leading and managing an effective, risk-based audit strategy for all the bank’s businesses and corporate functions.
MBA Builder Applications Survey Up 17% from July
The Mortgage Bankers Association Builder Applications Survey reported mortgage applications for new home purchases in August rose by 17 percent from July—the first monthly increase in four months—but fell by 10.1 percent from a year ago.
David Battany Represents MBA Today Before Senate Committee
David Battany, Vice President of Capital Markets with Guild Mortgage Co., San Diego, and a member of the MBA Residential Board of Governors, testifies this Tuesday, Sept. 20 before the Senate Banking Subcommittee on Housing, Transportation and Community Development for a hearing on Examining the U.S. Department of Agriculture’s Rural Housing Service: Stakeholder Perspectives.
Inflation’s Impact on Retail Real Estate
Colliers International, Toronto, said consumers are not alone in feeling elevated inflation–higher costs are problematic for retailers, too.
Dealmaker: Bellwether Enterprise Closes $24M in Minneapolis, Nashville
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed two loans totaling $23.6 million to finance an affordable transit-oriented housing development in Minneapolis and fully furnished short-term rental community in Nashville.