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…
When the house you love starts to show worn flooring, loved appliances and outdated fixtures it’s time to renovate. Most of us don’t have the budget to renovate the entire house. Nor do we have the capacity to do it all at once. Neither living with mom or in a construction zone is ideal. That’s why so many of us…
How is it already mid-November and has it really been three weeks since MBA Annual took place? If you attended the show like a dozen of my LoanLogics teammates and I, you already know the energy in San Diego was palpable. Planned meetings with new and old partners as well as the impromptu hotel lobby meetings were some of the…
Did you know October is Cybersecurity Awareness Month? Launched in 2004, this time of year is dedicated to raising awareness about the importance of cybersecurity across our nation and equipping all with effective tools to combat it. As Vice President of Operational Risk for LoanLogics, I’ve spent the last few weeks communicating the main themes of the initiative to our…
Welcome back to part two of our recap covering LoanLogics’ participation in the 2021 RMQA panel discussion*, “Approaches to Ensuring Loan Quality to Minimize Repurchase Risk”, the title of this post. When we left off in our last post, we discussed how defects and repurchases are on the rise, further snowballing from a shift to a purchase market, skills and…
Last week the 2021 Risk Management and Quality Assurance (RMQA) Forum took place virtually, over the course of two content-packed days. LoanLogics Director of Transaction and Commerce Automation Solutions was one of the event’s speakers. He and a team of fellow industry colleagues* held a panel discussion on maintaining loan quality and how to avoid future repurchases amidst a pandemic…
