The servicing industry continues to evolve and adapt as market conditions change. Given the market shifts, servicers can focus on technology advancements to maximize operational efficiency, manage risk and remain compliant, while providing superior customer service. In fact, the latest advancements in servicing technology are changing the way mortgages are serviced.

Mortgage applications increased 3.0 percent from one week earlier, the Mortgage Bankers Association’s Weekly Mortgage Applications Survey reported for the week ending June 23, 2023.

MISMO, the real estate finance industry's standards organization, published an enhanced version of the Industry Loan Application Dataset (iLAD), an industry standard for the exchange of loan application information. 

The Pew Charitable Trusts, Philadelphia, found small mortgages to purchase low-cost homes--defined as those priced below $150,000--have become increasingly scarce.

Miki Adams is president of CBC Mortgage Agency (CBCMA), a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers.

MBA offers the only certification and designation program geared exclusively toward compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP) Certification and Designation program.