Our survey is LIVE and we want to hear from you! Continued expansion of technology automation is no doubt a mortgage industry priority for 2021. Specific goals may vary across channels, but what appears to be consistent is the desire to increase efficiency, flexibly scale (up or down) with market volume and manage loan quality that will pass any level…
Launched in April 2020, LoanLogics IDEA™ OnDemand, was designed to improve the speed, accuracy, and affordability of in-line mortgage doc processing. At the time of launch and ever still so, this digital assistant plays an important role cutting through the immense industry volume by using automation, not people, to classify documents and extract data. All in real-time! One of the…
Just two weeks ago, many of us were navigating the virtual halls of MBA Spring trying to get a glimpse of the latest industry technology in the exhibit halls and demos held on the HUB stage. We hope you found time to come see us at the show. During the event LoanLogics® featured: LoanLogics IDEA™ OnDemand in a demo –…
If you completed your annual independent 3rd party MERS review in 20 minutes or less, you did it wrong and are jeopardizing your organization’s compliance health. Less thorough reviews, likely performed by vendors who have not demonstrated an aptitude for procedural and process expertise, lead to a breakdown in overall operational compliance wellness. Have you heard? MERS is instituting a…
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…
It’s likely you have heard by now, that the CFPB has finally reversed its 2020 decision to temporarily allow certain lenders to forgo quarterly reporting for HMDA. This announcement comes one year after the CFPB initially offered the flexibility in response to the burgeoning concerns and unknowns at the onset of the pandemic. All reporting financial institutions (FIs) will be…
