“Since the VA’s previous partial claim authority was sunset without a replacement nearly two years ago, MBA has worked closely with the VA, lawmakers, and our members to advocate for a permanent partial claim option that mirrors the successful programs offered by other federal housing agencies." --MBA’s President and CEO Bob Broeksmit, CMB

The mortgage industry is undergoing a major transformation. Borrowers now expect the same convenience, speed and transparency from their mortgage servicer that they experience with their digital banking, retail and streaming experiences. At the same time, servicing mortgage loans presents increasing complexity. This situation compels lenders to navigate an evolving regulatory landscape while striving for operational efficiency.

MISMO, the real estate finance industry’s standards organization, published revisions to the eVault Standards and SMART Doc Validation Rules. This standard increases interoperability and trust between partners trading eNotes.