If you’ve viewed LoanLogics’ latest infographic on the alarming trends awaking the attention on loan quality in the mortgage industry this year, you’re ahead of the game! And, we’re talking both literally and figuratively with our 2022 mortgage industry trends crossword puzzle! First, we’re just a week away from closing the books on the first quarter of 2022. Boy does…
We’re back with Part Two of our International Women’s Day celebration of the women of LoanLogics who contribute to our tech success each and every day and are “tech through and through.” If you missed Part One, you can find it here. Enjoy getting to know this second set of LoanLogics leading ladies who answered one or both questions “What…
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 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…
Last week LoanLogics’ director of data governance, Mike Bixby, was named a 2021 MISMO Outstanding Contributor. The Outstanding Contributor award is presented from the MISMO staff to the person who stood out over the course of the past year with their contribution to the organization as a whole. Mike has been active with MISMO for more than two decades and…
In an October blog post summarizing insights learned at the 2021 RMQA forum, we covered the latest industry defect trends. According to Freddie Mac, 4% of the QC reviews the performed in 2019 resulted in repurchase. That number grew to 6% in 2020 and through August of 2021 that number was already at 8%. They also reported that multiple deficiencies…
