Business is still booming. The June 18th MBA Mortgage Finance Forecast reported in Q1 2021 refinance and purchase volumes outpaced 2020 and Q2 would see similar upticks, with purchase activity holding strong through years end. All good stuff, particularly for an industry that already experienced such unexpected good fortune in the midst of a global pandemic. With all this focus…
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…
Welcome back from the long holiday weekend! To help you get your mind back on mortgage and ease into the week, we have our second installment of our LoanLogics crossword puzzle series. Try your hand at this latest puzzle below. Get stuck or want to confirm your answers? Just checkout the answer key below. Enjoy the puzzle. Start the crossword HERE.…
I have been in the mortgage industry for nearly three decades. Those who don’t know me might be surprised to know I developed some of the industry’s first quality control (QC) technology. Those that do know me, know it’s in my blood. And so, with confidence I can say that no good quality control plan is complete without a written…
We used to hear a lot of chatter in the marketplace about “OCR this” and “OCR that” and how it’s the next best thing since sliced bread. Well, it may have been until someone came along and slathered some warm melted Kerrygold butter on it (this is not a paid advertisement) and a healthy sprinkle of cinnamon – sounds much…
Last week, I discussed in great detail the significance of recordable documents in MERS® compliance. I thought it prudent in this follow-up piece to share some additional insights on common errors LoanLogics found in 2020 with regards to recordable document errors. The top document categories found with the most errors included Lien Releases/Substitution of Trustee, Assignments and Modification Agreements. As…
