“MBA is grateful the House has passed this legislation that creates federal minimum standards to allow notaries in all states to perform safe and effective remote online notarization transactions, making the mortgage closing process more convenient for all consumers–including our nation’s military families.”
–Robert Broeksmit, CMB, President and CEO of the Mortgage Bankers Association.
The number of calls per loan to mortgage servicers has decreased as self-service options become more widespread and borrowers can resolve basic requests on their own, reported S&P Global Market Intelligence.
Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 22, 2022.
House prices rose nationwide in May, but at a slower pace than in April, two home price indices reported on Tuesday.
The Mortgage Bankers Association is accepting entries for its annual Diversity, Equity and Inclusion Residential Leadership Awards; entry deadline is Friday, Aug. 5. Annually, MBA recognizes residential and commercial/multifamily members …
Adam Carmel is Founder and CEO of Polly. He experienced firsthand the fundamental gaps that existed in legacy software solutions. After recognizing that a modern, cloud-native alternative did not exist, Adam founded Polly and developed the industry’s first vertically integrated, data-driven capital markets software solution that allows for unlimited flexibility, configurability and scalability.
Sharp increases in cash-out, credit-improvement and new-listing alerts quarter-over-quarter point to opportunity for lenders in a contracting mortgage market, reported Sales Boomerang, Owings Mills, Md.
MISMO®, the real estate finance industry’s standards organization, is calling for participants for a new development workgroup focused on defining the standard loan data fields and delivery format that lenders must provide state regulators for the loan portfolio review portion of state examinations.
Joe Garrett is Principal with Garrett, McAuley & Co., a banking and mortgage banking consulting firm that helps lenders increase revenues, control costs and better manage risk.
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