By exploring third-party resources, services for alternate paths over foreclosure, and technology with built-in automation, servicers can ensure they are ready to help their borrowers when foreclosure and eviction moratoriums are lifted.

Mortgage interest rates hit 3 percent for the first time in nearly six months and harsh weather across much of the country put a damper on mortgage application activity, the Mortgage Bankers Association reported Wednesday in its Weekly Applications Survey for the week ending Feb. 19.

New York Life Real Estate Investors originated $369 million for industrial and multifamily assets in eight markets.

Finicity, Salt Lake City, announced its one-touch Mortgage Verification Service, enabling lenders to allow consumers to permission data so lenders can verify assets, income and employment in a single interaction. The verification is accepted by both Freddie Mac and Fannie Mae.

Snapdocs is a mortgage technology company that is hyper-focused on defragmenting the critical last mile in the loan origination lifecycle, the closing process.

At some point in the future, however, it’s inevitable that the market will shift—and it’s not too soon to prepare. And just as outsourcing has helped many originators overcome unprecedented capacity issues while volumes are high, it may again prove to be the best strategy for organizations transitioning to the next market environment.

As the anniversary of COVID significantly impacting the U.S. and commercial/multifamily property markets passes, challenging questions about property values remain top of mind.

The maturity of artificial intelligence is years away—yet the excitement and promise of returns and efficiencies have never been greater.