"More than ever, lenders need to understand the personal story behind every borrower and consider a wider range of factors that determine whether a borrower qualifies for financing. In order to stay competitive--especially in a rising interest rate environment--they need better tools for calculating borrower income not only quickly, but consistently. And if they don’t have these tools, they need to find them fast." --Roby Robertson, Head Product Owner, Origination Automation, LoanLogics.

Last week, more than 400 state/local leaders and rank-and-file MBA members assembled in Washington to meet elected officials and key congressional staffers on Capitol Hill during MBA’s National Advocacy Conference. And on Monday, MBA submitted comments to FHFA on its recent proposal to update capital, liquidity and net worth requirements for servicers of loans backed by Fannie Mae and Freddie Mac.