Machine learning has significantly increased document processing efficiency in the mortgage industry. However, the effectiveness of any technology depends on document quality and a vendor’s ability to train machine learning models on a broad set of document types. As such, it’s wise to be skeptical of broad accuracy claims being made across the industry from start-ups and seasoned vendors alike.…
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…
It has been a rewarding few weeks, learning about some recent industry recognition LoanLogics and its hard-working associates have received. In August and September respectively, two LoanLogics women were honored by HousingWire. Our SVP of Marketing took home a 2021 Woman of Influence award and our Director of Digital Document Operations took home a 2021 Insider award. Both were featured…
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…
I had the opportunity to speak on a “Coffee Talk” panel last week at the MISMO Fall Summit held in Crystal City, Virginia, which is just south of Washington, D.C. It was great to see old friends and new participants in this first face-to-face MISMO gathering in over 18 months! The topic of my session was entitled “MISMO NexGen,” which…
