Technology

Browse articles from all of our Newsletters related to Technology.

August 26, 2016 - IMFnews

Should Residential Loan Officers Worry About Their Jobs and Automation?

Depending on where they work, mortgage loan officers can earn anywhere from 20 to 100 basis points per loan.


August 25, 2016 - IMFnews

Did Someone Die in the House You’re About to Make a Mortgage On?

California, Alaska, and South Dakota are the only states required to disclose death on property information in written disclosures…


August 19, 2016 - Inside Mortgage Trends

Should Loan Officers Worry About Automation?

With residential origination costs constantly rising, should rank-and-file loan officers worry that their jobs will eventually be automated away thanks to advances in technology? The thinking goes like this: Lenders are spending hundreds of million dollars a year in software upgrades to automate as many LO functions as they can. The ultimate goal is to reduce the number of loan officers and whittle down costs. Depending on where they work, mortgage loan officers can earn ...


August 19, 2016 - Inside Mortgage Trends

Plenty of Concerns Slowing Adoption of eMortgages

The mortgage lending industry continues to lag behind the level at which proponents of electronic mortgages – otherwise known as eMortgages – think lenders should be in adopting the technology. A recent survey by Fannie Mae and Freddie Mac reveals that there are still plenty of obstacles across a range of issues and pain points. “We found that eMortgage adoption continues to gain traction with lenders; however, the adoption has been slow due to ...


August 19, 2016 - IMFnews

What We’re Hearing: LO Jobs in Danger From Hal? / How Many Mortgage Loan Officers Are There? / The Human Touch / American Home’s Michael Strauss is Back with Nonprime Lender / 'Alt A' Lending May Return

Of course, it’s debatable how many LO jobs might disappear through automation...


August 17, 2016 - IMFnews

Short Takes: Underperforming LOs Should be Shown the Door / loanDepot’s Hsieh on What Investors Want / Former Goldman Trader Chin Takes it on the Chin / GSE Relief for Flooded Homes in Louisiana / New Hire for ATTOM

Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”


August 11, 2016 - Inside Mortgage Finance

The Push for Housing Counseling to Expand, Evolve, Integrate and Attract Millennials

Homebuyer counseling classes should expand and evolve, according to some in the industry who said such programs are critical to promoting successful homeownership. And there have been a few changes this year that speak to the growing importance of borrower education. Studies show that borrowers participating in homebuyer counseling classes are more likely to sustain homeownership than those who haven’t been counseled. But a newly published paper from the Urban Institute said...


August 5, 2016 - Inside Mortgage Trends

Lenders Welcome Tech Innovation, to a Point

Most lenders welcome mortgage technology and innovation, but they are divided when it comes to embracing Uber-like industry-wide disruptions, according to new research from Fannie Mae’s Economic & Strategic Research Group. “Today’s consumers access myriad products and services via digital platforms that make it more efficient, simple and pleasant to conduct their business,” said Katrina Jones, vice president of single-family business solutions at ...


August 5, 2016 - Inside Mortgage Trends

Mortgage Lenders Work to Prevent Cyber Attacks

Lenders and servicers are seen as prime targets for cyber criminals that focus on Social Security numbers and bank accounts. Bill Beckmann, president and CEO of MERSCORP, said, “There’s almost nothing more robust” than the information mortgage companies have regarding individual borrowers. Beckmann and Mitch Tanenbaum, a partner at CyberCecurity, a consultant to financial service companies, addressed cyber security issues facing the mortgage industry ...


August 4, 2016 - Inside Mortgage Finance

Mortgage Industry Urges U.S. Supreme Court to Rule Against Fees Charged by Connecticut Aimed at MERS

Mortgage industry trade groups filed a brief last week asking the Supreme Court of the United States to take up a case involving fees charged by Connecticut aimed at mortgage recordings by Mortgage Electronic Registration Systems. In February, Connecticut’s Supreme Court upheld fees imposed by the state in 2013 that tripled charges for mortgages recorded with MERS compared with non-MERS recording fees in the case of MERSCORP Holdings v. Dannel Malloy. In the new brief, industry participants caution...


August 1, 2016 - IMFnews

Short Takes: In FHA Lending, We Don’t Trust / Let the FHA Condo Lending Begin! / MGIC Prepares Debt Offering / Tech Platform in Capital Raise / A Promotion at Williston

The new bill signed by President Obama should make condo lending a little easier...


July 29, 2016 - IMFnews

What We’re Hearing: Is the CFPB to Blame? / Or Maybe the Math Doesn’t Work / If Only the C&I Market Would Return / NAR is Happy with TRID 2.0 / Subprime Lending Continues to Hum / What’s Wrong with a 7 Percent Mortgage?

Fannie Mae recently updated its loan production estimates. The GSE projects $1.78 trillion in originations this year and $1.55 trillion next year.


July 29, 2016 - Inside MBS & ABS

Plenty of Liquidity for Agency Mortgages Under Current Framework for GSEs; Reform Efforts Remain Unclear

Lenders originating agency mortgages are seeing plenty of demand in the secondary market, according to panelists at the California Mortgage Bankers Association’s Western Secondary Market Conference this week in San Francisco. “Capital is searching for a home,” said Rob Branthover, a managing director at Mortgage Industry Advisory Corp. He noted that many investors are focusing on agency mortgages. Mike Duncan, a senior hedge manager at Compass Analytics, said...


July 27, 2016 - IMFnews

Short Takes: Mortgage M&A Mania Finally Arrives? / Five Oaks Halts Jumbo Aggregation / Angel Oak Rolls Out Investor NI Product / Fannie Tweaks High-LTV Guidelines / Mountain States Lead the Way, Says Black Knight

Nonprime lender Angel Oak Mortgage Solutions is now offering a “no-income” loan to investors with credit scores as low as 660...


July 22, 2016 - Inside Mortgage Trends

Consumer-Direct Channel Has Benefits for Lenders

Lenders operating in the consumer-direct channel have a distinct opportunity to use technology to improve the mortgage experience for borrowers, according to findings from the Strategic Mortgage Finance Group. Garth Graham, a senior partner at the firm more commonly referred to as Stratmor, detailed the findings in a new publication from the mortgage-industry consulting firm. The Stratmor executive suggested that consumer-direct lenders should work with technology that ...


Poll

The yield on the benchmark 10-year Treasury fell to all-time low of 1.34% recently. How much better will originations be at your shop in the second half compared to 1H, if at all?

Better by 1% to 10%.

30%

Better by 11% to 25%.

39%

Off the charts better. Applications are great now.

22%

Worse than 1H, but not by much.

4%

A lot worse. But not sure on the damage.

4%

Housing Pulse