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…
We’re back with Part Two of our International Women’s Day celebration of the women of LoanLogics who contribute to our tech success each and every day and are “tech through and through.” If you missed Part One, you can find it here. Enjoy getting to know this second set of LoanLogics leading ladies who answered one or both questions “What…
Like many other organizations across the globe diversity, equity, and inclusion is a priority for LoanLogics. In 2021, a committee was formed to discuss and execute on this important initiative in 2022 and beyond. International Women’s Day, which has been celebrated worldwide for over a century, is a great day to raise the awareness of gender equity in the workplace.…
In less than two weeks, a few colleagues and I will be attending the Lenders One Summit in Phoenix. Will you be joining us? I for one am looking forward to the pickleball tournament and talking “mortgage technology (tech) stack” face to face with everyone. Part of the conference lineup includes an interactive panel discussion that I’ll be participating in…
In my last post, I discussed how resource staffing issues and business model changes likely played a role in some of the compliance missteps I observed during my 2021 MERS annual compliance reviews. I encourage you to read it, if you haven’t already, to understand some of the top pervasive issues and compare them against your organizations own controls. …
In my 2021 summary of audit findings, it was evident the broader challenges of the past two years have not circumvented MERS compliance. Human resource hurdles of collaborating though remote work, illness, and increasing attrition remain. Changes in their business model also left many mortgage servicers’ facing the unexpected requirement to engage an independent 3rd party auditor. For some, the…
