For much of the country, this time of year brings warmer weather, new buds beginning to emerge from the trees and ground, as well as a number of religious celebrations. It is also when many people take some time off from their daily responsibilities of work, school and other personal and professional commitments for a bit of a “Spring Break.”…
Like most of the mortgage industry last year, LoanLogics was a flutter in activity helping lenders manage the tremendous tidal wave of doc processing that rushed in. This volume spilled into every facet of the loan life cycle from loan production through sale in the secondary market. LoanLogics’ ability to keep pace during times like these is due largely to…
Through the years and across the world March 17th, St. Patrick’s Day, has become synonymous with all things Irish rather than solely a celebration of Saint Patrick, the principal patron saint of Ireland. While I’m only part Irish, I like many around the world, become “a lot” Irish and take part in the some of the holiday’s countless festive traditions…
When it comes to HMDA files reviews, leveraging rules-based, data-driven digital technology can ease the burden of HMDA reporting by helping lenders shift from a largely cumbersome to a highly automated process. Automation helps replace manual processes in three specific areas related to HMDA reporting, which we will cover in detail in this post: Data validation, an existence check on…
Twenty-twenty, the year of the refinancing boom, reflected a profile of lower mortgage fraud risk. However, purchase loan fraud increased 9% over the prior year.[1] Another industry study also indicated that in the second quarter of 2020, one in 126 purchase applications showed indications of fraud.[2] As we roll into 2021, and by all estimates flip to a purchase market,…
We’re halfway through our Friction Free Fridays in February listening event where a new RadioLogics podcast is launched at the end of each week. Led by LoanLogics’ Chief Product Officer, the topic being discussed among our three distinguished panelists from United Wholesale Mortgage, Mr. Cooper and Marlin Mortgage Capital centers around removing the friction in B2B transactions. One of the…
