Loan Think

You might say the megabanks – for now – are sitting in the catbird seat. They have more loan applications than they know what to do with – and they have no desire whatsoever to add more staff to handle the volume, because, well, that’s what happens when you have a cartel.

Up until a year ago, I had never considered using video as a way to communicate with the thousands of loan officers and real estate agents I connect with on a monthly basis.

Now that Wells Fargo has tossed its wholesale division into the deep dark sea, the question becomes: who’s next among the megabanks to leave?

The field service company’s contractors can make face-to-face contact with a borrower to help determine if he or she is actively serving in the military.

Special servicers work with information from multiple sources and they have to ensure quick and accurate dissemination of that data within its organization, which creates numerous data management challenges.

Why do we stop doing things we know we should be doing?

According to David Wessel, The Wall Street Journal global economics editor, the housing bust is over. It's in print, it's on YouTube, and people are blogging that now the bust is over. President Obama can keep his job.

By now you’ve read the stories on the National Mortgage News website about private equity sniffing around the mortgage industry the past two years – and the chatter about some firm with $1 billion to spend. We don’t yet know the name of that fund but it’s interesting gossip nonetheless.

Marketing campaign return on investment can be measured by tangibles or intangibles.

When it comes to automation technology, servicers are faced with a myriad of choices between traditional, in-house software versus vendor-hosted services, or software-as-a-service delivery options.