unsettled-pattern-mortgage-originations-weather-chart
Mortgage Industry Trends

Unsettled Pattern is the Forecast for Mortgage Originations

It seems like forecasting the level of new loan mortgage originations is getting like forecasting the weather. There are a number of pretty good indicators. But, things keep changing which makes it difficult to get it just right. Initially, the outlook was for rising interest rates, declining refi’s, and a bullish new purchase market. Fannie had predicted that 2017 would…

Continue Reading

VA-fees-unchanged-since 1054-ford
Mortgage Industry Trends

Time For Some VA Fee Changes?

The allowable fees and charges that a lender can charge a veteran are somewhat limited and they haven’t been changed since 1954. Think about it. What hasn’t changed since 1954? Wow, that’s a long time… Presently, the VA allows specific third party charges which are required in connection with the loan. They also allow a lender to charge a flat…

Continue Reading

Mortgage Industry Trends

Is Skynet Coming to Mortgage Banking?

“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?…

Continue Reading

go-digital-LO-west-young-man-mike-vitali-horace-greeley
Mortgage Industry Trends

Everyone is Going Digital

It’s not just Rocket Mortgage or Blink, many other mortgage lenders are launching systems for taking digital mortgage applications and handling loan closings. Seems everyone’s gotten the word. To service today’s consumer, you must have digital capabilities. It’s not just for the Millennials but for many other consumers as well. Most want the capability to shop, apply, communicate, and close…

Continue Reading