Online Marketing Made This Top Producer a Silicon Valley Success
Shashank Shekhar, CEO of Arcus Lending in San Jose, Calif., uses a strong presence online to attract tech-savvy clients.
People Movers of the Week: June 26
Mortgage professional hiring and new job appointments for the week ending June 26.
CFPB Delays TRID Two More Days to Schedule Saturday Launch
The Consumer Financial Protection Bureau's new mortgage integrated disclosure rules will now take effect Saturday, Oct. 3, two days later than the previously rescheduled Oct. 1 deadline.
Fannie Matches Freddie, Makes Desktop Underwriter Free
Fannie Mae will no longer charge mortgage lenders to submit loans to its Desktop Underwriter automated underwriting system, a decision that follows a similar move by Freddie Mac earlier this month.
Delayed TRID Deadline Was a Close Call for Lenders
Many lenders may not have been ready for the CFPB's new mortgage disclosure rule if it took effect on Aug. 1 as planned. Now a slip-up by the agency itself has given lenders a two-month reprieve.
InHouse Releases Valuation Software for Lenders, Appraisers
InHouse Connexions has released a new software product for commercial lenders and appraisers for valuing properties.
How Automation Can Help Control TRID Compliance Costs
Throwing bodies at TRID implementation won't solve problems. Using technology to automate origination processes can help rein in costs and maintain compliance.
Nationstar's Bid to Overhaul Homebuying: Revolution or Waterloo?
The mortgage lender Nationstar Mortgage Holdings is pouring a lot of energy into a digital and mobile homebuying platform called Xome. The strategy could attract tech-savvy millennials but carries plenty of risks including whether consumers would be improperly steered to its products.
Targeted QC Reviews Better Protect Lenders From High-Risk Loans
In the struggle between operational compliance and cost control, advanced analytics and technology can help lenders find an efficient middle ground.
As Volume Drop Looms, Stonegate Seeks Efficiency to Preserve Profits
Resigned to the fact that purchase volume is unlikely to make up for any decline in refinancing, Stonegate Mortgage is focused on improving efficiency to increase loan profits over trying to grow loan volume.
TRID to Prompt Title Industry Consolidation: First American
First American Financial Corp.'s title business is expecting a slow gain in market share driven by the upcoming integrated disclosures reforms, in part due to consolidation in the title industry.
Five Headaches Facing Lenders as Mortgage Disclosure Deadline Nears
Mortgage lenders are in the final stretch of preparing to deliver the new TILA-RESPA Integrated Disclosures to borrowers. But it's not just the change of forms that's causing alarm bells. Fines could be steep and legal liability could be even higher for violators, while necessary technology changes are expensive.
LenderLive Acquires Certified Mail Provider Walz Group
LenderLive in Denver has acquired Walz Group, a provider of certified mailing services.
In Bid to Boost Business, Freddie Mac Makes Loan Prospector Free
In a sign that the GSEs may once again be trying to compete with each other, Freddie Mac will no longer charge lenders to use its Loan Prospector automated underwriting system.
Why Property Valuation Methods Must Be More Robust
Technology that takes into account the sales, cost and income approaches to property valuations is a more comprehensive method of risk assessment and can help detect pricing bubbles before they wreak havoc on the mortgage and real estate industries.