Loan Think

A simple follow up email can be a winning strategy in a highly competitive mortgage originations market.

The CFPB and other regulators are showing an increasing appetite for big data. The HMDA database may be the biggest in the mortgage business and a preview of the upcoming dataset may give lenders a chance to stay one step ahead of the feds.

The Consumer Financial Protection Bureau requests data that if used too zealously could cause a massive restriction in the market and a reduction in the type and amount of lenders.

New and experienced compliance experts have to learn the nuances of all the new regulations.

If you worked at a bank and you spent $250,000 on a new marketing campaign and got no results, would you keep spending?

Public officials must make it clear once and for all that the law forbids them to deny or delay a loan because an applicant is pregnant or on parental leave.

A big reason we have so many last-minute surprises is because data, documents and requests sit and wait until they are all ready for review by the next person in line.

For outsourcers to supply value to the originators that hire them, they must do than simply meet the terms of the agreement.

A lender's LOS can help or hurt its bottom line. When examining existing systems for process improvements or evaluating other alternatives, focusing on a number of key considerations can simplify the process and narrow down the field of LOS options.

Warehouse lenders are severely aware of the potential risks of non-QM loans, but right now, they have a huge appetite for earnings and sustainability.