Community Banks are playing a pivotal role in shaping the mortgage industry’s future, leveraging digital innovations like online account opening and enhanced customer service to meet evolving needs. Despite challenges such as rising interest rates, cybersecurity risks and regulatory pressures, their adaptability and community-focused approach position them as essential drivers of growth and stability in today’s housing market. 

MISMO, the real estate finance industry’s standards organization, announced a new Credit Score Implementation Guide and a Credit Score Model Name Document have reached “Final” status, which means they have been thoroughly reviewed by a wide range of organizations and industry participants and are available for industry use.