Striking the “delicate balance” between customer experience and fraud prevention is not an easy feat, a series of studies by Forrester Consulting and TransUnion reported.
Category: News and Trends
Loan Defect Index Flat in August As Hurricane Damage Looms
In the wake of major natural disasters this summer, the risk of mortgage loan application fraud increased in August, said First American Financial Corp., Irvine, Calif.
Risk Management and Fraud: Executive Perspectives
LOS ANGELES–Three risk management executives: Debra Dunn, Chief Operating Officer with SWBC Mortgage, San Antonio, Texas; Gwen Muse-Evans, President and CEO of GME Enterprises, Bethesda, Md.; and Terry L. Schmidt, CMB, Executive Vice President and CFO of Guild Mortgage Co., San Diego; offered their perspectives on risk management and fraud issueshere at the recent Mortgage Bankers Association’s Risk Management, Quality Assurance and Fraud Prevention Forum.
CoreLogic: Florence Losses at $20-30 Billion; 85% of Residential Loss Uninsured
CoreLogic, Irvine, Calif., said its revised estimates of damage resulting Hurricane Florence puts residential and commercial flood and wind losses at $20-30 billion, with 85 percent of residential losses uninsured.
MBA Praises Passage of Veterans’ Protection Bill
The House yesterday passed a bill that closes a loophole for thousands of loans made to veterans that fell through a crack in securitization.
Risk Management and Fraud: Executive Perspectives
LOS ANGELES–Three risk management executives: Debra Dunn, Chief Operating Officer with SWBC Mortgage, San Antonio, Texas; Gwen Muse-Evans, President and CEO of GME Enterprises, Bethesda, Md.; and Terry L. Schmidt, CMB, Executive Vice President and CFO of Guild Mortgage Co., San Diego; offered their perspectives on risk management and fraud issueshere at the recent Mortgage Bankers Association’s Risk Management, Quality Assurance and Fraud Prevention Forum.
Risk Management and Fraud: Executive Perspectives
LOS ANGELES–Three risk management executives: Debra Dunn, Chief Operating Officer with SWBC Mortgage, San Antonio, Texas; Gwen Muse-Evans, President and CEO of GME Enterprises, Bethesda, Md.; and Terry L. Schmidt, CMB, Executive Vice President and CFO of Guild Mortgage Co., San Diego; offered their perspectives on risk management and fraud issueshere at the recent Mortgage Bankers Association’s Risk Management, Quality Assurance and Fraud Prevention Forum.
MBA, Trade Groups Ask Bureau to Change LO Compensation Rule
The Mortgage Bankers Association and nearly a dozen industry trade groups asked the Bureau of Consumer Financial Protection to change its Loan Originator Compensation Rule to better protect consumers and reduce lenders’ regulatory burdens.
Managing Risk for the (Inevitable) Next Disaster
LOS ANGELES–Floods; hurricanes; tornados; wildfires; earthquakes; droughts; volcanoes; ice storms; blizzards. Just another day in America.
Managing Risk for the (Inevitable) Next Disaster
LOS ANGELES–Floods; hurricanes; tornados; wildfires; earthquakes; droughts; volcanoes; ice storms; blizzards. Just another day in America.