In a fast-changing business environment, lenders don’t always act as expected, so it’s necessary to have a longer list of capital provider choices on-hand.

Despite a strong start to the 2020 housing market, Redfin, Seattle, said a deepening shortage of homes for sale and surging homebuyer demand are set to push prices up at the fastest rate in years.

Technology is no longer an option; it is an integral element. Inefficient, outdated, manual processes can be risky and ultimately end up costing the lender. To combat these challenges, today’s lenders must stay abreast of cutting-edge technology. Implementing such technology, lenders can exponentially increase their bottom line as well as bring unexpected savings and benefits.

With limited population growth domestically, the search for advanced technology skills must embrace aging populations and the explosion of megacities beyond our shorelines—new, continuous models of corporate education, training and partnering must be adopted.

The Mortgage Bankers Association, in a comment letter submitted yesterday to the National Credit Union Administration, said it supports NCUA’s proposal to raise the appraisal threshold for residential real estate transactions from $250,000 to $400,000.

Change is coming for U.S residential mortgage-backed securities servicers in 2020 and beyond, said Fitch Ratings, New York, with perhaps the most notable one being how they are preparing for the end of LIBOR.