Recent statistic are alerts to the industry that increased focus on loan quality control across the mortgage life cycle should be a priority in 2022. Don’t get caught sleeping on these trends. Get in the know on the “Top Trends Reawakening Attention on Loan Quality in 2022.” In this interactive infographic we showcase the following risk and opportunity areas:…
Our team was thrilled to be at the MBA Technology Conference this week discussing not only mortgage innovation and strategies, but also the launch of LoanBeam Wage®, our automated income calculation solution for wage earner underwriting. Announced just Monday, it’s already received great feedback both on the tradeshow floor but also from our alpha and beta clients who helped us…
Last year Gartner reported that spending on information security (infosec) and risk management worldwide had increased more than 6% in 2020 and was on track to double that in 2021.* Given the amount of personally identifiable data our industry touches it is a key target for cyber criminals. The mortgage industry was also cautioned in a recent article that a…
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…
Late 2021 LoanLogics, a leader in loan quality technology, acquired LoanBeam. This was a natural acquisition for LoanLogics as they look to expand their technology platform to include income calculation. And for LoanBeam, it made sense to align itself with one of the mortgage industries smartest document classification platforms, improving overall turn-time and quality of our output. As the Head…
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…
