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…
2022! New Year, new budgets, right? Both typically mean new tech investments are on the horizon to increase the efficiency and reduce the cost of mortgage operations across an organization. Before you can see any of these investments pay off, technology implementation must be prioritized. How can you be sure these projects go off without a hitch? LoanLogics has a sound…
LoanLogics would like to wish everyone across the mortgage industry a very happy Holiday Season and a fruitful 2022. As you get ready to host friends and family over the course of the next two weeks, remember success comes in the preparation. The same can also be said with how you manufacture, sell, or service a good quality loan. The…
When the house you love starts to show worn flooring, loved appliances and outdated fixtures it’s time to renovate. Most of us don’t have the budget to renovate the entire house. Nor do we have the capacity to do it all at once. Neither living with mom or in a construction zone is ideal. That’s why so many of us…
Welcome back to part two of our recap covering LoanLogics’ participation in the 2021 RMQA panel discussion*, “Approaches to Ensuring Loan Quality to Minimize Repurchase Risk”, the title of this post. When we left off in our last post, we discussed how defects and repurchases are on the rise, further snowballing from a shift to a purchase market, skills and…
Last week the 2021 Risk Management and Quality Assurance (RMQA) Forum took place virtually, over the course of two content-packed days. LoanLogics Director of Transaction and Commerce Automation Solutions was one of the event’s speakers. He and a team of fellow industry colleagues* held a panel discussion on maintaining loan quality and how to avoid future repurchases amidst a pandemic…
