Cars, trumpets, measurement devices, and now the loan quality control process are a few of the common calibrations we need to perform to ensure high standards in execution. Starting in 4Q 2022 and rolling out more robustly next year, Fannie Mae® announced that the agency will begin calibrations with its customer base to understand the precision and accuracy of a…
I’m back with Part 2 of my recap of the panel discussion “Improving QC Strategies in Today’s Volatile Lending Market” that I participated in during the MBA’s 2022 Risk Management, QA, and Fraud Prevention (RMQA). You can look back through part one here, where I covered four key questions I addressed in the session. At the end of the discussion,…
I had the pleasure of speaking on the 2022 panel discussion, “Improving QC Strategies in Today’s Volatile Lending Market” during the MBA’s Risk Management, QA, and Fraud Prevention (RMQA) last week. My fellow panelists and I (Stephen W. Spies, CMB, Principal and Founder, at SWS Risk Advisors, Duane Gilkison, Senior Director, Credit Risk Management, for Fannie Mae, and moderator Brian…
The mortgage industry is adjusting to drastic market changes. Volume declines, macro global trends (i.e. war, supply chain) and the economy (i.e. inflation, rising rates) remain in our purview, adding to the uncertainty across industries. To realign with current volumes and offset rising costs, many have turned to staff reduction, evidenced by a survey of lenders at a recent…
Last week it was announced that LoanLogics’ Head of Mortgage Automation Technology, Roby Robertson, was part of an esteemed class of 2022 HousingWire Insider Award winners. The award recognizes the “industry professionals who are essential to the performance and success of their organizations but may be lesser known to those on the outside. These industry pros are the engines that keep…
Is anyone else ready for the long Labor Day holiday weekend? While there is still a flurry of client needs to meet, new engagements to explore, thought leadership to create, research to be done, news to publish…and so much more, it’s nice to take a break with friends and family. With that in mind, we asked our LoanLogics associates what…
