Digital mortgages

Remote online notarization gains momentum from every corner of the mortgage industry and those MISMO-certified providers are reaping the benefits.

A Detroit-based company, which owns Rocket Mortgage and Quicken Loans, listed the size of its upcoming offering in filing as $100 million, a placeholder amount that will likely change.

Lenders and servicers' biggest pandemic challenges revolve around clarity for loan eligibility and understanding options for their borrowers once the forbearance period ends.

With more real estate and mortgage companies moving to a digital process, volume expectations in the face of coronavirus restrictions shot way up in May compared to April.

Government-sponsored enterprise reform could be one hurdle to future innovation.

Buying power for many consumers is hampered and some originators said that affects their ability to serve consumers.

Analysts think the company could be looking for an acquisition target.

But unless lenders make fundamental shifts in how they use this technology, change isn't going to happen.

Self-service portals fielded at least half of coronavirus-related forbearance-plan requests and made it possible to handle an influx at a challenging time, but the GSEs recommend circling back to borrowers.