Loan Think

The rapidly changing environment in the mortgage industry requires executives to have a more comprehensive vision for executing effective change management strategies.

Lessons that mortgage originators can learn from preparing to do a 206 mile one day race.

The DOJ wants the banks it threatens with litigation to admit accountability, pay hefty penalties and takes steps to satisfy the public thirst for payback. But the financial system would be better served if the bulk of regulation was left to the banking agencies.

There are still enough indicators out there that suggest another round of foreclosures is near.

This shows that the Consumer Financial Protection Bureau will hold a company responsible for the actions of a third party, regardless of intent, if a consumer is negatively affected.

Cross-training can expose a lender's staff to the entire workflow of an organization while keeping employees on their toes and providing opportunities to take on new challenges.

Acquisition-hungry banks and mortgage companies need to apply the same level of scrutiny to cultural fit as they do to a firm's financial statements and balance sheets.

The Community Development Financial Institutions Fund awards millions in affordable housing initiatives every year, but goes largely unnoticed compared to other federal housing programs.

The law requires those who deal with financial information to have safeguards in place to protect consumer data.

Devising a risk mitigation plan — and the training and oversight necessary to implement it — requires lenders and servicers to conduct a scientific investigation into the policies, procedures and controls they already have in place.