Cars, trumpets, measurement devices, and now the loan quality control process are a few of the common calibrations we need to perform to ensure high standards in execution. Starting in 4Q 2022 and rolling out more robustly next year, Fannie Mae® announced that the agency will begin calibrations with its customer base to understand the precision and accuracy of a…
I had the pleasure of speaking on the 2022 panel discussion, “Improving QC Strategies in Today’s Volatile Lending Market” during the MBA’s Risk Management, QA, and Fraud Prevention (RMQA) last week. My fellow panelists and I (Stephen W. Spies, CMB, Principal and Founder, at SWS Risk Advisors, Duane Gilkison, Senior Director, Credit Risk Management, for Fannie Mae, and moderator Brian…
The mortgage industry is adjusting to drastic market changes. Volume declines, macro global trends (i.e. war, supply chain) and the economy (i.e. inflation, rising rates) remain in our purview, adding to the uncertainty across industries. To realign with current volumes and offset rising costs, many have turned to staff reduction, evidenced by a survey of lenders at a recent…
Is anyone else ready for the long Labor Day holiday weekend? While there is still a flurry of client needs to meet, new engagements to explore, thought leadership to create, research to be done, news to publish…and so much more, it’s nice to take a break with friends and family. With that in mind, we asked our LoanLogics associates what…
Navigating 2022 mortgage trends with the right balance of technology is critical for success. In my last post on August 11th, I recapped and expanded my comments on several questions originally posed by MReport on that very timely topic, in the July feature article “Mortgage Tech Update, Part 1 and Part 2.” The questions, “What can the industry expect next in terms…
Welcome to a new LoanLogics blog series featuring LoanLogics associates doing good. Our first installment of this quarterly feature, profiles Charla DeVoe who’s been with the company for seven years! Early last year, she was featured in a Q&A with some of our leading ladies on their career in technology. Doing Good As a technology project manager, Charla, is…
