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How is it already mid-November and has it really been three weeks since MBA Annual took place?
If you attended the show like a dozen of my LoanLogics teammates and I, you already know the energy in San Diego was palpable. Planned meetings with new and old partners as well as the impromptu hotel lobby meetings were some of the first in person handshakes and fist bumps in almost 2 years! The event’s musical guests were exactly the way to unwind from 2021 (hell…2020 too) and celebrate all we’ve accomplished. The weather of course was icing on the cake for those of us on the East Coast experiencing a bit of chill in the air these days.
LoanLogics’ booth and meeting room were a buzz with strategic conversations about 2022 planning. Mortgage businesses from lenders and aggregators to industry partners are ready to invest and implement “that” technology for process automation with 100% user adoption.
Additionally, some of the big themes we heard throughout the conference and since we’ve returned have centered around
- The 2022 transition to a purchase market, which will require companies to evaluate their resources and retool for these more complicated transactions.
- How the industry will address homeownership for underserved communities across the country
- The need for even more tech adoption now to enable scalability and variable cost structures as industry volumes moderate.
- Growing IMB market share and the impacts of increased CFPB oversight on their businesses.
- How MSR trades will be a way to offset projected lower origination volumes and revenue.
Each of these themes touches on a wide range of mortgage channels, loan quality, and compliance challenges, as well as the need for accurate data to power decision making.
Whichever important goals you’re tackling first for 2022, LoanLogics can help. Visit our custom MBA Annual web page with access to our latest thought leadership in the areas of mortgage doc processing, loan quality management and asset acquisition to explore some of the ways.
