Like many other organizations across the globe diversity, equity, and inclusion is a priority for LoanLogics. In 2021, a committee was formed to discuss and execute on this important initiative in 2022 and beyond. International Women’s Day, which has been celebrated worldwide for over a century, is a great day to raise the awareness of gender equity in the workplace.…
In less than two weeks, a few colleagues and I will be attending the Lenders One Summit in Phoenix. Will you be joining us? I for one am looking forward to the pickleball tournament and talking “mortgage technology (tech) stack” face to face with everyone. Part of the conference lineup includes an interactive panel discussion that I’ll be participating in…
In my last post, I discussed how resource staffing issues and business model changes likely played a role in some of the compliance missteps I observed during my 2021 MERS annual compliance reviews. I encourage you to read it, if you haven’t already, to understand some of the top pervasive issues and compare them against your organizations own controls. …
In my 2021 summary of audit findings, it was evident the broader challenges of the past two years have not circumvented MERS compliance. Human resource hurdles of collaborating though remote work, illness, and increasing attrition remain. Changes in their business model also left many mortgage servicers’ facing the unexpected requirement to engage an independent 3rd party auditor. For some, the…
In less than two months, on March 19th, desktop appraisals will officially transition from a 2020 covid flexibility to a long-term reality for some GSE products. As a result, the Post-Closing QC appraisal field review for many conventional loans is no longer required. Replacing the field review requirement on 10% of conventional loans in Post-Closing QC samples, is a Collateral…
Late 2021 LoanLogics, a leader in loan quality technology, acquired LoanBeam. This was a natural acquisition for LoanLogics as they look to expand their technology platform to include income calculation. And for LoanBeam, it made sense to align itself with one of the mortgage industries smartest document classification platforms, improving overall turn-time and quality of our output. As the Head…
