Through the years and across the world March 17th, St. Patrick’s Day, has become synonymous with all things Irish rather than solely a celebration of Saint Patrick, the principal patron saint of Ireland. While I’m only part Irish, I like many around the world, become “a lot” Irish and take part in the some of the holiday’s countless festive traditions…
When it comes to HMDA files reviews, leveraging rules-based, data-driven digital technology can ease the burden of HMDA reporting by helping lenders shift from a largely cumbersome to a highly automated process. Automation helps replace manual processes in three specific areas related to HMDA reporting, which we will cover in detail in this post: Data validation, an existence check on…
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…
