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Technology Transforming Originator’s Role

Technology Transforming Originator’s Role

Monday, 22 October 2018
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The buying and technology preferences of borrowers will change the way mortgage originators conduct business. Technology will drive the industry and make it more efficient for borrowers and renters, over the next five to 10 years, and place information at their disposal, in an almost instantaneous manner. The high cost of originations, and changing expectations… Read more...
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New Penn, Freddie, Integra Developing Simultaneous Approvals to Both GSEs

New Penn, Freddie, Integra Developing Simultaneous Approvals to Both GSEs

Monday, 22 October 2018
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New Penn Financial, Freddie Mac and Integra Software Solutions are developing a one-click submission of loan data to Freddie’s automated underwriting system, Loan Product Advisor , and to Fannie Mae’s Loan Prospector. The aim is to deliver the capability to generate a best execution in the secondary market through data that’s simultaneously submitted to both… Read more...
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Fannie's Economic Predictions for 2018, 2019 On the Mark

Fannie's Economic Predictions for 2018, 2019 On the Mark

Friday, 19 October 2018
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Economic growth remains on-track to hit Fannie Mae’s 2018 projected growth rate of 3 percent, and meet its 2019 forecast of 2.3 percent, despite expectations of slightly stronger third-quarter growth than in the prior forecast, according to the Fannie Mae Economic and Strategic Research Group’s October 2018 Economic and Housing Outlook. Residential fixed investment is… Read more...
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Hurricane Michael Damage Estimated at $3-5 Billion

Hurricane Michael Damage Estimated at $3-5 Billion

Friday, 12 October 2018
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CoreLogic has updated its residential and commercial storm surge and wind loss estimates for Hurricane Michael. According to this new data analysis, the wind losses for residential and commercial properties in Florida are expected to be between $2 billion and $3 billion and the storm surge losses, including losses covered by National Flood Insurance Program… Read more...
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Total Expert Raises $20M in Venture Capital

Total Expert Raises $20M in Venture Capital

Friday, 12 October 2018
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Total Expert, a creator of digital marketing and communication software, has raised $20 million in venture capital. The round, a Series B Funding, was led by Emergence Capital with participation from Rally Ventures and Arthur Ventures, bringing the total funding for the company to $34 million. “People expect digital simplicity and real human relationships, and… Read more...
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SEC, U.S. Attorney Charge Developer with Fraud

SEC, U.S. Attorney Charge Developer with Fraud

Thursday, 11 October 2018
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The SEC and the U.S. Attorney’s Office for the Eastern District of Virginia have charged a Virginia real-estate developer with securities fraud and skimming investor funds that were intended to be used to purchase an office building near the site of a planned commuter rail station on the Washington, D.C. Metro’s Area Silver Line. Todd… Read more...
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A Primer for Building Realtor Relationships in a Purchase Market

A Primer for Building Realtor Relationships in a Purchase Market

Thursday, 11 October 2018
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“Relationships are the mother’s milk of every mortgage broker,” to paraphrase Thomas Jefferson. Relationships with realtors are a key to picking up the purchase business. In the past, that meant taking donuts to real estate office, or coffee, was enough to gain their business. That not enough anymore. Realtors are bombarded with requests from mortgage… Read more...
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Over 30% of Borrowers Expect Access to Web-Based Technology

Over 30% of Borrowers Expect Access to Web-Based Technology

Wednesday, 10 October 2018
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Borrowers are coming to expect access to web-based technologies during the origination process. Online borrower portals, online chat, and text messaging are changing how consumers of all ages approach the mortgage process, according to “The Digital Mortgage Experience: A Study of Shifting Borrower Expectations,” a survey from Velocify. More than a third of them prefer… Read more...
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Fed Survey: Earnings growth Positive, Unemployment Fears Increase

Fed Survey: Earnings growth Positive, Unemployment Fears Increase

Wednesday, 10 October 2018
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Labor market expectations improved with the median one-year ahead earnings growth expectations reaching a new series’ high and households having more optimistic unemployment expectations, meaning they fear losing their jobs, according to the September 2018 Survey of Consumer Expectations from the Federal Reserve Bank of New York’s Center for Microeconomic Data. In contrast, expectations about… Read more...
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ACUMA Elects New Board Members

ACUMA Elects New Board Members

Tuesday, 09 October 2018
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The American Credit Union Mortgage Association's membership has elected two new board members to three year terms. Alissa Sykes, senior vice president and chief lending officer at Sunmark Federal Credit Union; and Jason Sasena, senior vice president of National Mortgage Production at Lake Michigan Credit Union have won election to ACUMA's board. ACUMA is a… Read more...
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