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.
Category: News and Trends
MISMO Issues Call for Participants For New Housing Counseling Workgroup
MISMO®, the real estate finance industry standards organization, issued a call for participants for a new development workgroup focused on creating a unified dataset aimed at making the housing counseling process more efficient and effective for borrowers and lenders with the goal of facilitating greater access to homeownership.
MBA Premier Member Profile: Salesforce
Salesforce is the #1 CRM, bringing companies and customers together in the digital age.
8 Common Fair Lending Compliance Myths Debunked
Michael Berman is Founder & CEO of Ncontracts, Brentwood, Tenn. Ncontracts provides integrated risk management and lending compliance software to a rapidly expanding customer base of over 4,000 financial institutions, fintechs and mortgage companies in the United States.
MBA Home For All Pledge Partner: United Community Bank
(One in a series of profiles of MBA member companies that have signed the MBA Home For All Pledge, an initiative to promote inclusion in housing.)
‘Agility is the Name of the Game’: Polly CEO Adam Carmel
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.
MISMO Issues Call for Participants for New Workgroup Focused on Standardizing Regulatory Compliance Examination File
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.
MBA Chart of the Week: 2021 HMDA Respondents
A total of 4,195 companies reported lending activity under the Home Mortgage Disclosure Act in 2021, according to MBA’s own analyses of the dataset. Company types are defined by primary regulator and balance sheet assets, with large depositories holding assets of $10 billion or more.
Industry Briefs July 26, 2022
DataVerify, St. Louis, a provider of data verification, risk mitigation and workflow automation services, announced its AI lending automation solution, DataVerify Assist.
KBRA: Servicers Performed Admirably During COVID
Kroll Bond Rating Agency, New York, said commercial mortgage-backed securities servicers “performed admirably” over the last two years while facing nearly unprecedented distress during the COVID pandemic.