Twenty-twenty, the year of the refinancing boom, reflected a profile of lower mortgage fraud risk. However, purchase loan fraud increased 9% over the prior year.[1] Another industry study also indicated that in the second quarter of 2020, one in 126 purchase applications showed indications of fraud.[2] As we roll into 2021, and by all estimates flip to a purchase market,…
We’re halfway through our Friction Free Fridays in February listening event where a new RadioLogics podcast is launched at the end of each week. Led by LoanLogics’ Chief Product Officer, the topic being discussed among our three distinguished panelists from United Wholesale Mortgage, Mr. Cooper and Marlin Mortgage Capital centers around removing the friction in B2B transactions. One of the…
Many might know LoanLogics as a QC company, but our technology and services support the needs of residential mortgage lenders, servicers, insurers and investors. Our capabilities span the loan life cycle providing oversight across origination, correspondent loan acquisition, MSR transfer and servicing. We are innovating in machine learning doc processing automation and mortgage quality control technology for our clients. The…
How is it that you came across this LoanLogics blog post today? Did you come by way of social media? The LoanLogics home page? Did a colleague forward this post along or do you sporadically pop into b-logics to see what we’ve been discussing as of late? Whatever the way, we are glad you’re here. Stay current with us and…
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.…
Next week, on February 5th, and the four Friday’s following, LoanLogics kicks off a five-part RadioLogics podcast series titled “Friction Free B2B Mortgage Commerce.” Have you subscribed yet? The topic being discussed centers around the immense amount of friction present in our industry’s B2B channels, namely, the correspondent, mortgage servicing rights acquisition and wholesale markets. This content was first shared…
