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We are about to celebrate the 4th of July, which is the proverbial halfway point through the year. As we come back recharged from a long holiday weekend, it got our team thinking about all the exciting things the company has to look forward to for the remainder of the year. As such and given our enthusiasm about it all, we thought we’d share those with our b-Logics audience.
MBA Annual– Back again in person this year and in a town with great energy we’re looking forward to this huge industry event. Partnerships, presentations, and parties there will be lots of interesting ways for you to connect with our sales, product, and executive leadership. We’ll also have a new showstopper booth in the Exhibit Hall that will showcase our LoanBeam® solutions alongside all our LoanLogics technologies and services. Want to connect in person before then? Don’t worry, we’ll be supporting the NW Golf Classic fundraiser for kids in early July, attending the CMBA Western Secondary show in late July, and the MBA RMQA Forum in September!
Product Enhancements– Already this year we released a new product, LoanBeam Wage, our latest income calculation technology for wage-earner underwriting. We also announced additional certification of LoanBeam Transcripts for additional rep and warrant relief through Freddie Mac. Continuing through the year we’ll be adding additional enhancements that improve the automation and UI of our suite of solutions so look out for those. And, there’s even an exciting new product launch forthcoming that’s sure to drive a lot of interest in the marketplace.
The Future of MSR – It seems like every day that there’s another news story that huge mortgage servicing rights (MSR) trades are in the works and selling at a 5x multiple, according to some reports. Just this week, another sizeable portfolio was put up for bid. With financial institutions looking to offset other less profitable areas of their portfolios, this secondary market surge looks as if it will continue to have a strong run for the remainder of the year. In 2021, LoanLogics released IDEA for MSR Transfer, a product that creates a strong foundation for driving more efficiency into the transfer process. This 2022 industry award-winning solution, recognized in the HousingWire Tech 100 and Progress in Lending Innovations award programs, removes one of the biggest bottlenecks to friction-free mortgage commerce. It does so by automating the document processing and file delivery for all entities acquiring MSRs. This is one space all should keep their eye on.
Webinars – Everyone was surely burned out from all the webinars and Zoom calls that packed our schedules for the last two years. Hey, it was our only option! Now that there’s some diversity in our collective days, our team is lining up some new content-packed webinars for the second half of the year. They will focus on the latest trends, namely the production complexities of a purchase market, the rise of non-QM lending and the gig economy, MSR transactions, and what the mortgage industry can do to manage through them all. Stay tuned!
In the meantime, we do have a regularly scheduled weekly live solutions showcase of our LoanBeam income calculation solutions that we invite you to join.
Have a great summer and be sure to make the most of what’s left of 2022!
