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,…
Earlier this month, LoanLogics was named to HousingWire’s 2022 Tech100 list for the ninth consecutive year! This year’s distinction was a result of the groundbreaking machine learning-based technology in, LoanLogics IDEA™ (Intelligent Data Extraction and Automation) for MSR Transfer. What makes it so groundbreaking you might ask? It’s well known the physical transfer of loan files between counterparties in mortgage servicing…
When the house you love starts to show worn flooring, loved appliances and outdated fixtures it’s time to renovate.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…
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…
It’s been an exciting three months since we launched LoanLogics IDEA™ for MSR Transfer, a new solution that automates document processing and data extraction for mortgage servicers and banks when acquiring mortgage servicing rights (MSR). Since then, we have been busy bringing on new clients to help minimize some of their operational challenges managing the receipt of data and documents…
Late last fall, in a National Mortgage News webinar, and earlier this year in a LoanLogics podcast series, we began loudly voicing the need to remove the friction present in the transfer of mortgage servicing rights between buyer and seller counterparties (as well as in the wholesale and correspondent channels). Buyer pain points in this acquisition space can be summarized…
