Happy New Year! We hope you are as optimistic as LoanLogics is about the year to come and all the potential mortgage quality automation can bring for a prosperous new year! To celebrate the holiday season as 2020 came to a close, we posted our list of resolutions for mortgage lenders, servicers and investors to ensure 2021 is met with…
We’re about to leave 2020 behind for the promise of a better 2021. New Year, new me, right!?!? As such, it’s time to dust off those annual resolutions and plan to get ourselves healthier, happier and a lot less stressed. Like individuals, mortgage businesses need to do the same. This year was certainly prosperous for our industry but looking back…
This time of year, not only fills our homes with all the trimmings, trappings, sights and sounds of the holiday season (eggnog on ice, glowing candle sticks, beautifully wrapped gifts, nuts to crack, glistening sugar cookies, potato pancakes and shrimp cocktail at the parties), but normally includes gathering with friends, family and our co-workers for holiday celebrations. This year, with…
After a few months of a pandemic-driven hiatus, the excitement for non-QM loans is brewing again among originators and investors alike. This of course is also good news for the many borrowers that don’t fit into a traditional credit box but would like to take advantage of historically low interest rates. Among this happy crowd are self-employed borrowers, who represent…
I’ve enjoyed writing the “Hey Boomer” blog series on b-Logics this year, which looked back at the way loan quality control (QC) was once managed in the mortgage industry and how its evolved. For my last post of the series, this will be the fifth and final, I’m diving back into defects. Recent industry volume got me thinking about…
There is certainly talk of lenders being ready to move the automation needle, but how many have actually made the leap? Hiring additional resources continues to be the go-to strategy for managing current volumes, with mortgage leaders not ready to admit they should have done the vendor/technology research months ago (perhaps even years ago) to gain efficiencies. In my last…
