This time of year, not only fills our homes with all the trimmings, trappings, sights and sounds of the holiday season (eggnog on ice, glowing candle sticks, beautifully wrapped gifts, nuts to crack, glistening sugar cookies, potato pancakes and shrimp cocktail at the parties), but normally includes gathering with friends, family and our co-workers for holiday celebrations. This year, with…
After a few months of a pandemic-driven hiatus, the excitement for non-QM loans is brewing again among originators and investors alike. This of course is also good news for the many borrowers that don’t fit into a traditional credit box but would like to take advantage of historically low interest rates. Among this happy crowd are self-employed borrowers, who represent…
I’ve enjoyed writing the “Hey Boomer” blog series on b-Logics this year, which looked back at the way loan quality control (QC) was once managed in the mortgage industry and how its evolved. For my last post of the series, this will be the fifth and final, I’m diving back into defects. Recent industry volume got me thinking about…
There is certainly talk of lenders being ready to move the automation needle, but how many have actually made the leap? Hiring additional resources continues to be the go-to strategy for managing current volumes, with mortgage leaders not ready to admit they should have done the vendor/technology research months ago (perhaps even years ago) to gain efficiencies. In my last…
Though it may have been hard to see at times in 2020, there is a lot each of us can be thankful for in both our personal and professional lives. With Thanksgiving this week, November considered gratitude month and this year certainly one for the record books, we wanted to conjure up some good vibes in our post this week.…
What a year it has been. You’ve been busy, we know it. It’s part of the reason all those vacation days have gone largely unused. I know mine have. But now there are just six short weeks left in 2020, some of which, I am certain, will be spent recharging during the holidays. The question is, is your organization prepared…
