Today, mortgage lenders are almost as likely to meet a potential homebuyer who is self-employed, or part of the gig economy. According to a study from the Freelancers Union Freelancing in America: 2019, 57 million Americans—or 35 percent of the US workforce-are self-employed.
Tag: Risk Management
Don’t Get Caught Without the Right Bench Strength: Risks All Servicers Face When Insourcing Hazard Insurance Claims
The last decade has been good to the mortgage industry. In fact, we have gone an entire decade without a recession. Following the last mortgage crisis of 2008 that brought the entire industry to its knees, we have seen a strong return with high home values and vibrant lending and origination activity.
Wolters Kluwer: ‘Substantial Risk, Compliance Concerns’ Remain for U.S. Lenders
Wolters Kluwer, Minneapolis, issued its 2019 Regulatory & Risk Management Indicator, which noted despite a 10-point improvement from 2018, “notable” regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions.
Jane Mason of Clarifire on Natural Disaster Planning and Mortgage Servicing Compliance
Jane Mason, CEO and founder of Clarifire, St. Petersburg, Fla., brings process capabilities to businesses in multiple industries, particularly mortgage servicing.
Creating a New Normal for Loan Quality
Lowering loan manufacturing costs, improving overall mortgage processing efficiencies and achieving optimal risk management begins with improving the quality of the underlying mortgage loan file data.