Why Underwriting Is So Tight
June 14, 2013 5:36 PM
Fitzpatrick: Focus on Manufacturing
Manufacturing quality is key and should be upfront, according to Brian Fitzpatrick, president and CEO of LoanLogics.
Pallotta: Fear Keeps Underwriting Tight
Lenders have a real fear of opening up the credit box, according to Frank Pallotta, managing partner, Loan Value Group.
Hurt: Some Risks Are Tough to Mitigate
You can take fraud largely off the table, according to Dave Hurt, vice president and regional manager, global capital markets, data and analytics, CoreLogic. What you can't take off the table is risk the that someone will say a borrowers was improperly counseled.
Sturges: Underwriting Is Tight, But Lenders Have No Choice
The risks require lenders to keep a very tight lid on underwriting, says Deborah Sturges, president, Hallmark Home Mortgage; chairman, USA Wholesale.
Imura: G-Fees Are a Concern
Paul Imura, CMO, ISGN, says a way to mitigate GSE g-fees is needed in single security.
Compliance Concerns May Only Intensify
A lot of people are worried about making loans outside the qualified mortgage rule once it takes effect, says Dave Hurt,VP at CoreLogic."The clock is ticking toward January 2014," says Deborah Sturges, president, Hallmark Home Mortgage; chairman, USA Wholesale.
