I am a big fan of metaphors, and it is no exaggeration to say the mortgage industry is currently flying under the perfect storm with no sunshine or improved conditions in sight.
Tag: Business Strategies
Mark P. Dangelo: Banking Lessons–‘Beware the Ides of March’
Taking lessons from literature and history, the continuation of 30-years of banking business and operating models are rapidly expiring. Pierced by a permanent transformation to data-driven intelligence, recent systemic failures, and technological progressions bankers need to accept that the era of apps mindsets has ended—data-as-a-product (#DaaP) solves many current and future requirements.
Sharon Reichhardt of ACES Quality Management: Spring Your QC Forward or Fall Behind Fannie Mae’s New Requirements this September
Given the downturn in mortgage volume and the exploding cost to originate, Fannie Mae’s announcement comes at a time when QC departments may be much leaner than they were the year before. However, lenders can ill afford to ignore these changes, and compliance may mean investing in automation despite declining profitability.
Augie Del Rio of Gallus Insights: It’s THE Mortgage Great Depression, and We’re Flying Under the Perfect Storm
I am a big fan of metaphors, and it is no exaggeration to say the mortgage industry is currently flying under the perfect storm with no sunshine or improved conditions in sight.
Sharon Reichhardt of ACES Quality Management: Spring Your QC Forward or Fall Behind Fannie Mae’s New Requirements this September
Given the downturn in mortgage volume and the exploding cost to originate, Fannie Mae’s announcement comes at a time when QC departments may be much leaner than they were the year before. However, lenders can ill afford to ignore these changes, and compliance may mean investing in automation despite declining profitability.
Mark P. Dangelo: Banking Lessons–‘Beware the Ides of March’
Taking lessons from literature and history, the continuation of 30-years of banking business and operating models are rapidly expiring. Pierced by a permanent transformation to data-driven intelligence, recent systemic failures, and technological progressions bankers need to accept that the era of apps mindsets has ended—data-as-a-product (#DaaP) solves many current and future requirements.
Mark P. Dangelo: Banking Lessons–‘Beware the Ides of March’
Taking lessons from literature and history, the continuation of 30-years of banking business and operating models are rapidly expiring. Pierced by a permanent transformation to data-driven intelligence, recent systemic failures, and technological progressions bankers need to accept that the era of apps mindsets has ended—data-as-a-product (#DaaP) solves many current and future requirements.
Mark P. Dangelo: Banking Lessons–‘Beware the Ides of March’
Taking lessons from literature and history, the continuation of 30-years of banking business and operating models are rapidly expiring. Pierced by a permanent transformation to data-driven intelligence, recent systemic failures, and technological progressions bankers need to accept that the era of apps mindsets has ended—data-as-a-product (#DaaP) solves many current and future requirements.
Kristin Golab of Plante Moran: ‘Fixing’ Fixed Costs in a Downturn–Six Considerations for Mortgage Bankers
As interest rates and inflation have risen, mortgage lenders have seen a slowdown in their sector. These strategies can help your institution manage costs in this lean period and position yourself to thrive in a recovery.
Kristin Golab of Plante Moran: ‘Fixing’ Fixed Costs in a Downturn–Six Considerations for Mortgage Bankers
As interest rates and inflation have risen, mortgage lenders have seen a slowdown in their sector. These strategies can help your institution manage costs in this lean period and position yourself to thrive in a recovery.