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…
Wow, where did 2021 go? Like for many of you in the mortgage industry it was another busy year for LoanLogics! We had so many exciting announcements and initiatives it’s no wonder we looked up and it’s almost 2022. ICYMI (In case you missed it) or some of what we were up to this year here are the highlights, our…
LoanLogics would like to wish everyone across the mortgage industry a very happy Holiday Season and a fruitful 2022. As you get ready to host friends and family over the course of the next two weeks, remember success comes in the preparation. The same can also be said with how you manufacture, sell, or service a good quality loan. The…
This year we’re excited to announce that LoanLogics’ Executive Vice President (EVP) of Technology, Paul Vancheri, was named one of HousingWire’s 2021 Tech Trendsetters. This award, in its third year, honors the most 50 impactful and innovative technology leaders serving the housing industry. With two new products released in 2021 (solutions for HMDA and MSR Transfer), a series of product…
