Austin Kilgore is the editor in chief of National Mortgage News. Kilgore writes articles for online and print, works both in front of and behind the camera to produce web videos and other multimedia content and edits the work of staff journalists and contributors. He is an active social media participant, engaging his audience across both personal and publication-branded Twitter, LinkedIn and Facebook profiles.
Kilgore is also a contributing editor to American Banker and has previously served as managing editor of the company's PaymentsSource.com. Kilgore's served as an editor, reporter and photographer at numerous newspapers, magazines and online publications covering technology, financial services, real estate and public affairs. He is a Texas native and a graduate of Southern Methodist University in Dallas.
Here's a look at 12 cities where the median home sales price is below $215,000, but the combination of housing costs, local wages and other market forces is making home purchasing power disappear in these once-cheapest places to live.
Digital mortgages transform the customer experience with slick user interfaces and data integrations that streamline the process of getting a borrower hooked up with a lender. Now it's time to disrupt the rest of the process.
For the digital mortgage to reach its full potential, lenders and technology developers still have to solve for the disconnect between the front-end application process and the underwriting work required before a loan closes.
Critics of recent False Claims Act enforcement argue the Justice Department is too heavy-handed toward lenders and servicers. But in an industry reputed for shoddy processes during the crisis, perhaps stringent oversight is warranted.