This article will discuss the benefits re-engaging digital initiatives on a more modest scale in the current environment in order to be ready for when the market normalizes.

Jon Wierks heads development of valuation analytics for First American Financial Corp., Santa Ana, Calif., including the company’s automated valuation models. He has played a role in developing many of the industry’s most commercially successful AVMs for the past 25 years.

The Mortgage Bankers Association welcomed the following new members in April:

Toby Wells has more than 25 years of experience in servicing, originations, capital markets and asset management. He currently serves as president of Cornerstone Servicing, Englewood, Colo., a division of Cornerstone Capital Bank SSB, Houston, a provider of mortgage servicing platforms designed to empower healthy, sustainable homeownership. He can be reached at twells@cornerstoneservicing.com.

The current mortgage industry downturn, while extremely challenging, is also an opportunity for banks to upskill for the future, says Casey Cunningham, CEO/Founder, XINNIX. Specifically, she recommends that leaders use this time to re-evaluate their approach to sales, and potentially discover exciting new paths to growth.

With the right partner, outsourcing can beef up expertise in a particular area without bringing on the expense of a full-time employee – a role reversal of sorts from the traditional labor shortage/cost containment use case.