As I work with lenders to solve for the alphabet soup of compliance, TRID and HMDA specifically, I consistently receive questions around the latest rumblings popping up in the news. Recently I’ve been asked about tolerance violations related to the loan estimate (LE) and closing disclosure, as well as increased investor scrutiny on seller HMDA data. I addressed those questions…
Few would argue closed loan acquisition is complex. Managing risk against faster turn-times, while trying to maintain relationships with sellers surely keeps many of correspondent investors awake at night. Go too fast, increase your risk. Go too slow, stress margins and ultimately lose sellers. How can correspondent investors minimize portfolio risk while going for speed? By bringing intelligent, automated data…
“We’re creating software robots to mimic what humans do [in mortgage lending]”, said Mark Davison, a partner at ISG, a technology research and advisory firm specializing in Robotic Process Automation (RPA). Mortgage lending is just now moving into the digital age and it appears it may leap right into robotic processing and maybe artificial intelligence. Are you ready for this?…
Last week it was announced that LoanLogics’ director of digital document operations, Davida Stanley, was a recipient this year’s HousingWire Insiders Award. The award recognizes operational all-stars whose contributions have been critical to an organization’s success, yet their ‘insider’ role is often one of an unsung hero. As an “Insider,” Davida was recognized for her role in supporting LoanLogics…
