Recent statistic are alerts to the industry that increased focus on loan quality control across the mortgage life cycle should be a priority in 2022. Don’t get caught sleeping on these trends. Get in the know on the “Top Trends Reawakening Attention on Loan Quality in 2022.” In this interactive infographic we showcase the following risk and opportunity areas:…
Our team was thrilled to be at the MBA Technology Conference this week discussing not only mortgage innovation and strategies, but also the launch of LoanBeam Wage®, our automated income calculation solution for wage earner underwriting. Announced just Monday, it’s already received great feedback both on the tradeshow floor but also from our alpha and beta clients who helped us…
Last year Gartner reported that spending on information security (infosec) and risk management worldwide had increased more than 6% in 2020 and was on track to double that in 2021.* Given the amount of personally identifiable data our industry touches it is a key target for cyber criminals. The mortgage industry was also cautioned in a recent article that a…
Earlier this month, LoanLogics was named to HousingWire’s 2022 Tech100 list for the ninth consecutive year! This year’s distinction was a result of the groundbreaking machine learning-based technology in, LoanLogics IDEA™ (Intelligent Data Extraction and Automation) for MSR Transfer. What makes it so groundbreaking you might ask? It’s well known the physical transfer of loan files between counterparties in mortgage servicing…
If you’ve viewed LoanLogics’ latest infographic on the alarming trends awaking the attention on loan quality in the mortgage industry this year, you’re ahead of the game! And, we’re talking both literally and figuratively with our 2022 mortgage industry trends crossword puzzle! First, we’re just a week away from closing the books on the first quarter of 2022. Boy does…
It seems like just yesterday the pandemic was fanning the flames on the importance of post-closing reverifications of income and employment. While some of that economic volatility has settled down, two years later reverification is still just as significant but for different reasons. In a purchase market, one that’s forecasted to grow 9% this year*, heightened fraud risk comes with…
