Earlier this month, I spoke with MReport about the balancing act our industry is performing to keep up with internal and external pressures in the two-part series titled, “Mortgage Tech Update, Part 1 and Part 2.” Given we are midway through 2022 and still adjusting to changing mortgage market trends and the role of technology top of mind for many,…
According to one all-in Non-QM lender, the sector is expected to see a leap into near double digits in 2022, growing from 5% to 10%. This is already on top of the staggering figure of $18.9 billion that this segment pulled in during 2020. When you survey the landscape it’s easy to see why opportunity is ripe. Generally speaking, we…
The working relationship between humans and technology has achieved great heights in so many aspects of our lives. Personally, professionally, economically, even environmentally, the fluid ways we tackle tasks with technology are endless. Just ask Jeff Bezos, Richard Branson and Elon Musk who have made “consumer” space travel a reality by engineering their own spacecraft to get them there. The…
Twenty-twenty, the year of the refinancing boom, reflected a profile of lower mortgage fraud risk. However, purchase loan fraud increased 9% over the prior year.[1] Another industry study also indicated that in the second quarter of 2020, one in 126 purchase applications showed indications of fraud.[2] As we roll into 2021, and by all estimates flip to a purchase market,…
We’re halfway through our Friction Free Fridays in February listening event where a new RadioLogics podcast is launched at the end of each week. Led by LoanLogics’ Chief Product Officer, the topic being discussed among our three distinguished panelists from United Wholesale Mortgage, Mr. Cooper and Marlin Mortgage Capital centers around removing the friction in B2B transactions. One of the…
Many might know LoanLogics as a QC company, but our technology and services support the needs of residential mortgage lenders, servicers, insurers and investors. Our capabilities span the loan life cycle providing oversight across origination, correspondent loan acquisition, MSR transfer and servicing. We are innovating in machine learning doc processing automation and mortgage quality control technology for our clients. The…
