A borrower's credit report provides a valuable snapshot of their financial health. Mortgage lenders have been using it for years to underwrite their deals, credit is, the most dynamic of the 3 Cs of lending, and it has proven a reliable source of data to predict loan performance. But it can be more than that if the lender learns not to take the borrower’s credit at face value.

MBA NewsLink spoke with Don Juhl, the CEO of ClearValue Consulting about the current status of automated appraisal technology.

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.

Digital closing provider Snapdocs, San Francisco, conducted a survey on lenders’ use of eClosing technology. It found that 74% of lenders have invested in the tech, but only 28% of those offering such services have achieved an adoption rate over 60%.

Join MBA at the 2023 Accounting & Financial Management Conference, November 15-17 at the Hyatt Regency New Orleans.

Mortgage applications and originations declined markedly in 2022 from the prior year, while rates, fees, discount points and other costs increased, the Consumer Financial Protection Bureau reported.