The Mortgage Bankers Association’s annual Human Resources Symposium takes place Sept. 8-9 in Arlington, Va.
Category: News and Trends
Quote
“People want to know whether we’ve officially shifted from a seller’s market to a buyer’s market. While there’s not a clear line separating those two ideas, homes sitting on the market longer is a point in buyers’ favor.”
–Redfin Deputy Chief Economist Taylor Marr.
MBA Weekly Survey Aug. 10, 2022: Applications Up 2nd Straight Week
Mortgage applications rose for the second straight week despite continued interest rate volatility, the the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending August 5.
Industry Briefs Aug. 11, 2022: TransUnion Says Serious Delinquencies ‘Normalizing’ to Pre-Pandemic Levels
TransUnion, Chicago, said the first half of 2022 concluded with a normalization in serious delinquency rates to pre-pandemic levels for most credit products as lenders continued to expand access to credit cards and personal loans.
CSBS Releases Nonbank Cybersecurity Exam Procedures
The Conference of State Bank Supervisors on Tuesday released two new tools for nonbank financial services companies to improve their cybersecurity posture.
Ben Teerlink of MMI: Quality over Quantity–Using Data to Build Strong Referral Partnerships
Lenders with an eye for success will need to rely on strong referral partnerships as the mortgage market cools, stiffening competition for leads and loans. Simply put, the key to referral partnerships is to aim for quality, not quantity.
Mark P. Dangelo: In Perspective, the Fragmentation of the Mortgage Industry
Reimaging of the mortgage markets has begun—driven by shrinking margins, rising rates, and inflationary pressures. Yet, for all the actions since 2010 involving data standards, digital transformations, and customer experiences, what is missing? Who will be left standing as the next cycle takes form and the mortgage industry is digitally reimaged?
Jennifer Dozier: Four Ways for Mortgage Lenders to Maintain a Competitive Advantage During a Volatile Market
When the mortgage industry is in a constant state of change, it’s important for lenders to stay on top of their game. With new reports coming out every day about market dynamics, competitive pressures, supply shortages and the persisting economic impacts of the global pandemic – mortgage lenders may be seeking ways to remain profitable and compliant.
Dale Larson III of Modex: The Data-Driven Evolution of Loan Officer Hiring
According to a 2019 McKinsey study, lack of production data is the number one cause of poor hiring decisions across the mortgage industry.
MBA Weekly Survey Aug. 10, 2022: Applications Up 2nd Straight Week
Mortgage applications rose for the second straight week despite continued interest rate volatility, the the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending August 5.