Mortgage lending is not left out of this equation with solutions that do everything from automating data entry, to selecting vendors, to generating leads, to issuing reports and more. Lenders more than likely have a solution for whatever problem they might be facing, but with so many different solutions, it can sometimes complicate the process rather than simplify it.

The Conference of State Bank Supervisors announced the start of the license renewal period for individuals and businesses that provide mortgage, money transmission, debt collection and consumer financial services to consumers. These individuals and businesses are required to maintain and renew licensure through the Nationwide Multistate Licensing System.

Ginnie Mae, Washington, D.C., published a Request for Input on requirements that address acceptability of digital promissory notes and other electronic documents for Ginnie Mae pools and loan packages, as well as participation in its Digital Collateral Pilot.

Commercial servicing software needs to be flexible and scalable. It must accommodate a variety of loan products; include commercial-specific reporting, payment and escrow administration functionality; and provide support for asset managers.

In just two short months, we will be heading into a new year and a new decade. To prepare, many institutions are planning their budget and objectives for the next year to ensure growth and profitability. With the start of a new decade, institutions are looking for ways to better equip their team with offerings and technology to meet the needs of current and future borrowers and evolve the lending process.

On Monday at MBA’s Annual Convention and Expo in Austin, Texas, HUD Secretary Ben Carson revealed that HUD and the DOJ issued a Memorandum of Understanding that establishes guidelines on how the agencies will use the False Claims Act to enforce potential violations of FHA requirements.