There is plenty of evidence that better borrower satisfaction is a competitive requirement. How will lenders achieve it?

MISMO®, the mortgage industry's standards organization, today announced that its widely adopted MISMO 3.4 Reference Model has been upgraded to “Recommendation” status. This status is the highest possible maturity level that can be bestowed on a MISMO standard.

Andrew Weiss is Senior Vice President of Mortgage Origination Platform Strategy with Origence, Irvine, Calif., a provider of lending technology and platforms for the financial services industry. He has more than 30 years of experience in the mortgage and consumer lending space and was instrumental in developing Desktop Underwriter while working for Fannie Mae.

What ever happened to Senate Bill 3533, the Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020 (the “SECURE Act”), bipartisan legislation to authorize and establish minimum standards for electronic and remote notarizations (RON), which was introduced in mid-March? We assert that this question would be on more lips and in more headlines had not nearly every state in the Union either adopted its own version of the law or enacted pandemic-necessitated workarounds.

Lenders are seeing record-breaking volume month over month, and it doesn’t seem to be slowing down. One thing that has slowed down across the industry, however, is appraisal turn times. As the volume of loans requiring appraisals goes up, the number of appraisers seems to be going in the opposite direction.

Cristy and I sat down on October 13th and discussed the current state of the market and the trends we are observing in default management servicing.

Good morning and happy Monday! Welcome to the week that Mortgage Bankers Association employees have been waiting for all year: the MBA first-ever virtual Annual Convention & Expo kicks off later this morning via MBA LIVE and runs through Wednesday, Oct. 21.

Real estate investment trust Rexford Industrial Realty, Los Angeles, acquired two southern California industrial properties for $27.6 million and sold three properties for $44.2 million.