Last week LoanLogics announced a new product in our HMDA compliance portfolio of solutions, LoanHD® HMDA DirectCheck™. It is an exciting new offer targeted at lenders who have reasonable confidence in their data from their loan origination system (LOS) or other trusted source and want a highly automated, efficient, less costly, and more accurate way of completing HMDA file reviews.…
After a few months of a pandemic-driven hiatus, the excitement for non-QM loans is brewing again among originators and investors alike. This of course is also good news for the many borrowers that don’t fit into a traditional credit box but would like to take advantage of historically low interest rates. Among this happy crowd are self-employed borrowers, who represent…
I’ve enjoyed writing the “Hey Boomer” blog series on b-Logics this year, which looked back at the way loan quality control (QC) was once managed in the mortgage industry and how its evolved. For my last post of the series, this will be the fifth and final, I’m diving back into defects. Recent industry volume got me thinking about…
Two weeks ago, LoanLogics took part in MBA Annual 2020, as we do each year. Many of the sessions, as well as conversations in our booth, discussed overcoming the unique obstacles of 2020 and forward-looking strategies for 2021. Wanting to take a temperature reading of opinion during this unique time, we featured a short market survey in our booth. Below…
In the mortgage industry, compliance is a day in, day out task that like everything else is affected by business conditions. This is particularly true in a year like 2020 that tested business continuity plans, affected staffing, and redirected much of our attention away from managing the normal ebbs and flows of business to juggling the latest hot potato. (Many…
When LoanLogics signs a new client, both for outsourced quality control and those using our LoanHD® audit platform, it’s common place for an account manager to check in to see if we are delivering as promised. We work with clients to assess the value of our technology, timeliness of our services and responsiveness of our support. This touch base also…
