Even before the onset of COVID-19 and distancing, borrowers have been looking for an easy online way to go from home search to closing, while lenders want to be able to digitally originate and process loans quickly from anywhere.
Across the mortgage industry, the percentage of borrowers who start an application, but never finish it, is surprisingly low. Discover how you can change that.
From mobile and browser-based apps to sourcing of data direct from borrower accounts, frictionless commerce is a reality for B2C retail mortgage origination. But what about the business to business transactional experiences that exist across wholesale, correspondent, and servicing channels? These represent more than 50% of all mortgage lending originations and hundreds of billions in mortgage servicing rights transfers.
The coronavirus pandemic was something no local government could have anticipated. But it’s also raising serious concerns about cities’ preparedness for other difficult-to-predict challenges.
Former HUD Secretary Henry Cisneros and Regional Plan Association president Tom Wright join The Bond Buyer for a discussion on the ways life and work in American cities are being altered by the pandemic — and future challenges it illuminates.
Even before COVID-19, urban economists and planners were pointing to a trend of suburbanization of job growth. That could now accelerate, with employers at an inflection point to assess their future needs.
The COVID-19 pandemic has pummeled the segments of the American economy tied to public gatherings. For the cities and industries most reliant on bringing people together, adaptation and perseverance will be critical.
The greatest risks and potential for permanent change reside in the nation’s largest cities, ones with an outsized influence over its economy and finances.
A no-cost, nationwide solution to maintain proper social distancing while giving lenders, appraisers, and AMCs timely information from inside homes they are unable to physically enter because of COVID-19.
Mary Mack, who heads Wells Fargo's consumer banking and small business division, talks about the challenges of reforming a bank's culture from the inside, the rise of women in the banking industry and reaching customers who need their services the most
City National Bank CEO Kelly Coffey talks about what she’s doing to create a more transparent and supportive workplace, as well as the challenges of expanding during a pandemic.
