Bliss Sawyer | Jun 18
This is our master list of items to do on each new loan.
Matt Strickberger | Jun 18
First-time homebuyers, usually between 18 and 34 years old, prefer mortgage shopping through the web, to getting in their cars and driving to their banks to shop for a mortgage.
Angela Hurst | Jun 14
The prevalence of short sales is likely the most significant factor impacting foreclosure rate improvements and the housing recovery.
Scott Stucky | Jun 14
For the most part, qualified mortgage/Ability-to-Repay guidelines should provide a level of compliance certainty. But are they still too severe?
Herman Thordsen | Jun 13
The amendment provides certain exceptions to this Dodd-Frank requirement that loan originator compensation be included in the total permissible points and fees for both Qualified Mortgages and high-cost loans.
What We're Hearing
John McDermott | Jun 13
Homeowners are “under paper” and unable to close on a home sale or refi transaction because a mortgage satisfaction has never been recorded in the public records.
Daniel Jacobs | Jun 13
thinking about my own father and about my role as a father to my three children.
Kurt Pfotenhauer | Jun 13
Ask any of us in real estate-related businesses to describe the perfect closing experience and you’ll likely get minor variations on this theme.
Amy Tierce | Jun 12
Just because you do not like the answer from your loan officer does not mean that the answer is wrong.
Matt Strickberger | Jun 11
For successful mortgage originators, going in person to meet clients, instead of hiding behind email and social media, can make the difference between closing a sale or going back to the office frustrated.
What We're Hearing
Bonnie Sinnock | Jun 11
The massive waves of 2005-2007 residential mortgage-backed securities downgrades have finally calmed down a bit, thanks largely to housing improvement.
Brad Finkelstein | Jun 11
The answer is not as simple as most people think,
Alan Rabideau | Jun 09
An improved customer experience isn’t the only reason to go paperless—lenders can realize great efficiencies and cost-savings too.
What We're Hearing
Brian Collins and Mark Fogarty | Jun 07
We're hearing that lenders are only going to make qualified mortgages that meet the ability-to-repay underwriting standards mandated by the Consumer Financial Protection Bureau.
Ari Karen | Jun 07
The Consumer Financial Protection Bureau's mandatory exam procedures aim “to appraise the quality of the financial institution's compliance management system…”
Herman Thordsen | Jun 06
The Consumer Financial Protection Bureau issued amendments to the final rule on mandatory escrow accounts.
Bliss Sawyer | Jun 05
Bliss Sawyer discusses her morning routine and her new white board.
What We're Hearing
Garth Graham | Jun 05
We're hearing that some folks enjoy my creative use of metaphors in my weekly columns, which at least proves that some mortgage bankers have a sense of humor even as times get tough.
Karen Deis | Jun 05
Here are some items you should consider making a commitment not to undertake.
Brad Finkelstein | Jun 04
We are now in what apparently appears to be our first sustained significant increase in rates in quite a while.
What We're Hearing
Ted Cornwell | Jun 03
We're hearing lenders are under increasing pressure to make sure nonpublic, personal information about their customers does not find its way into the public realm.
Ari Karen | May 31
Creditor payments to brokers will count toward the cap in the Consumer Financial Protection Bureau’s qualified mortgage definition.
Herman Thordsen | May 31
IF YOU DO NOT FILE THE MORTGAGE CALL REPORT NMLS PUBLISHES YOUR NAME ON ITS WEBSITE FOR STATE LICENSING AGENCIES TO REVIEW
FACTS
The Nationwide Mortgage Licensing System online Resource Center has a webpage which provides information about the mortgage call report to advise companies on the data they need to collect and provide as well as the due dates of the quarterly MCRs. …
What We're Hearing
John McDermott | May 30
California's Department of Insurance recently served a cease-and-desist order on a company that it alleged was engaged in the business of title insurance without a license.
What We're Hearing
Garth Graham | May 29
We're hearing some people will tell you that there is plenty to fear in the modern mortgage lending business.
Matt Strickberger | May 29
One trade group that understands the importance of developing technologies and strategies to protect mortgage lenders’ reputation from negative social media posts is the Independent Community Bankers Association of America.
Amy Tierce | May 29
When disaster strikes, how ready are you, personally and professionally?
Stephen Greenberg | May 28
Don’t substitute technology for good old face-to-face communications with B2B contacts.
What We're Hearing
Ted Cornwell | May 28
We're hearing that an old joke that used to get passed around at mortgage conference cocktail receptions might not be as funny today as it was back then.
Ari Karen | May 24
For those entities that believe they are too small to be impacted by the Consumer Financial Protection Bureau, think again.
