“The number of loans in forbearance increased in June for the first time since October of 2022.” --Marina Walsh, CMB, MBA’s Vice President of Industry Analysis

The mortgage industry has undergone significant transformation in recent years. Consumer behavior is rapidly evolving to the ever-changing tech landscape. Because we live in a world where we are increasingly dependent on technology, as servicers, we need to strike a balance between staying competitive in the marketplace while also providing the best possible homeowner experience.

MISMO, the real estate finance industry’s standards organization, announced a call for industry professionals to join a new development work group that focuses on Automated Valuation Model (AVM) standardization.