When Novak Djokovic was once asked who the better tennis player between Roger Federer and Rafael Nadal on a “neutral” surface was, he humorously retorted, “Which surface is that? Ice?”
Tag: Op-Ed
EarnUp’s Brian Gunn: As Delinquencies Rise, Lenders, Servicers Must Consider Innovative Repayment Tools
Delinquency rates for some loans are rising, including mortgages. In fact, the Mortgage Bankers Association recently reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of the fourth quarter of 2023.
Tavant’s Hassan Rashid on Unlocking Home Equity: A Strategic Move for 2024
As we make strides into 2024, American homeowners find themselves amidst an intriguing landscape of financial opportunities, particularly concerning the utilization of home equity.
Optimal Blue’s Melissa Leidy: Discretion or Discrimination? Lenders Face Tight Scrutiny on Pricing Concessions
A 2015 survey by Garrett, McAuley found that roughly half of respondents were monitoring fair lending compliance of their pricing concessions as expected by regulators. While the mortgage market has shifted since 2015, challenges in navigating the waters of pricing concessions and fair lending persist and could present more risk than you think.
nCino’s Jay Arneja: The Top 5 eVault Myths Debunked
It’s uncertain how long it will take mortgage lenders to achieve a fully digital mortgage closing process, but recent innovations are making the path much smoother.
Susan Graham of FICS on APIs in Mortgages: Driving Efficiency and Connectivity
The mortgage landscape has been dramatically reshaped in recent years due to the explosive growth of automation and technology. One crucial element that has emerged as the linchpin of this financial revolution is interconnection.
Insellerate’s Josh Friend: Embracing Technological Advancements in Changing Markets
Rapidly changing market conditions and consumer behavior demand lenders reevaluate their technological strategies. Even if lenders previously explored technology solutions a year or two ago, the present moment calls for a fresh perspective and reexamination of available tools.
Total Expert’s Joe Welu–Retention Is the Key to Winning the 2024 Refi Surge
We knew it was coming—eventually. After 11 rate hikes starting in March 2022, the Fed in December 2023 signaled its intentions to lower rates through 2024. With mortgage rates already dropping, virtually everyone that bought a home in the last 18 months will benefit from a refinancing conversation with their lender.
FormFree’s Martin Prescher on Balancing Fairness, Innovation With AI in Mortgage Lending
While many industries have been quick to integrate AI into products and operations, the mortgage industry has approached it with caution. And that’s a good thing.
Messagepoint’s Patrick Kehoe: Leveraging Generative AI for Borrower Communications That Resonate
Among the most widely discussed aspects of generative AI–a category of artificial intelligence that can produce various types of content including text-producing tools such as ChatGPT and Bard–is its potential to cater to the demand for personalized communications and streamline the workflows required to create them.