News in brief from United One, MeridianLink and Green Street

The “mastery” of data is not about how much you capture, how large your data warehouses or lakes become, or the native cloud provisioning solutions you deploy—it is about creating, sustaining, and utilizing a data supply chain already being deployed by non-traditional lenders.  To think otherwise is akin to “playing chicken” with a freight train—hoping somehow it will veer from its tracks and spare you.

The U.S. Census Bureau reported construction spending increased in August to a seasonally adjusted annual rate of $1,983.5 billion, 0.5 percent above the bureau’s revised July estimate.

MBA NewsLink interviewed Velocity Servicing President Matt Stadler about loan stress. Stadler is responsible for all operations of Velocity Servicing, a specialty and component servicer focused on investors in credit-sensitive products (EBOs, NPL/RPL, and high-risk assets), dedicated to turning distressed loans into performing portfolios faster through high-touch customer relationships and advanced data analytics.

As interest rates remain high and the long-term market outlook is uncertain, lenders are evaluating strategies to strategically grow their mortgage portfolios. As a result, many organizations are selling off portfolios to aggregators, which has led to a heightened level of mortgage servicing rights (MSR) purchases and transfers. For lenders looking to purposefully grow their mortgage portfolios, the increase in MSR activity presents a unique opportunity.

Hear from two trailblazing leaders, Geena Davis and Nina Tassler, at MBA Annual on Oct. 17 from 8:30-10:00 AM.