Origination

From bass fishing to the Super Bowl, lenders see a large pool of consumers they can reach through athletic sponsorships.

The industry trade group warns that attorney opinion letters may introduce additional risk, but vendors offering them said their products can sufficiently protect ownership of mortgaged properties at a lower price.

Servicing gains failed to offset steep origination declines at the bank, which continues to battle allegations of racial discrimination.

But current economic and geopolitical tensions and the shift to a purchase market means lenders should remain vigilant, Ace Quality Management warned.

The 30-year average has risen by more than a full percentage point in a little over a month.

While both refinance and purchase customers were banging down the doors in 2021, leading producers are already working much harder as they change up their offerings.

As inflation increases, more companies are shifting to remote and hybrid work to get their costs under control. Landlords could face rising vacancies and tumbling revenue, leaving them behind on loan payments.

The gain on sale from first quarter originations increased as the bank shifted more volume share to the higher-margin channel.

Meanwhile, adjustable-rate mortgages saw their largest volume share since 2019.

The repository is a "single source of truth" lenders can use to learn about aspects of digital mortgage acceptance including by jurisdiction and wholesale lender.