Browse articles from all of our Newsletters related to Technology.

October 19, 2016 - IMFnews

Residential Lenders are Adapting to TRID Regime, but at a Big Cost

“Community bank regulators have taken a diagnostic approach with TRID compliance, which has been positive,” said ICBA’s Ron Haynie.

October 12, 2016 - IMFnews

Short Takes: An Investigation Into LPMI Pricing? / Wells Mortgage Chief Advances / Analyst Lukewarm on Flagstar / Navy Fed Sanctioned by CFPB on Collection Practices

Wells Fargo’s mortgage chief Franklin Codel is getting some new duties...

October 6, 2016 - Inside Mortgage Finance

Modifying TRID to Facilitate Additional Cure Provisions Could Require Congressional Action

Many participants in the mortgage industry remain concerned that the Consumer Financial Protection Bureau did not address additional cure provisions in its proposed rulemaking to clarify the integrated consumer disclosure known as TRID. Lenders would love to see the bureau respond to these concerns when it finalizes its so-called TRID 2.0 rule. But that might not happen without Congress getting involved. During a webinar last week sponsored by Inside Mortgage Finance, some attendees inquired...

October 6, 2016 - Inside Mortgage Finance

With TRID’s First Year in the Rear View Mirror, Industry Hopeful Compliance Continues to Improve

The Consumer Financial Protection Bureau’s integrated disclosure rule has now been in effect for a full year, and industry officials hope the potholes and speedbumps in the TRID road will continue to smooth out. Former CFPB official Benjamin Olson, now a partner with the BuckleySandler law firm in Washington, DC, noted that the first year of the TRID rule has been eventful. “In its early stages, the TRID rule proved to be far more disruptive than many envisioned, largely because of extraordinarily high rates of real and perceived errors and pervasive uncertainty over the liability associated with those errors,” he told Inside Mortgage Finance. Over time, the mortgage industry has been...

September 30, 2016 - Inside Mortgage Trends

TRID Complexity Limits Tech’s Compliance Role

The inherent complexity and ambiguity of many of the provisions of the Consumer Financial Protection Bureau’s integrated disclosure rule are stymying the ability of technology to aid in lender compliance, top industry experts said this week. Speaking during a webinar sponsored earlier this week by Inside Mortgage Finance, former CFPB official Benjamin Olson, now a partner with the BuckleySandler law firm in Washington, DC, detailed the obstacles that lenders are confronted with ...

September 30, 2016 - Inside Mortgage Trends

Lenders Need Credible Way to Evaluate LOS ROI

With loan production costs leaping over the last decade while productivity has been gutted, mortgage lenders are desperate to find a credible, reliable way to measure the effectiveness of their loan origination systems. “From 2005 to 2015, lenders’ costs per loan doubled, but productivity was basically cut in half,” said Stratmor Senior Partner Len Tichy, head of the firm’s information technology and operations advisory services. The numbers reflecting fulfillment costs are downright ...

September 30, 2016 - Inside Mortgage Trends

NY Proposes Expansive Cybersecurity Rules

Cybersecurity rules proposed by the New York Department of Financial Services this month are seen as the first of their kind from a state regulator and more prescriptive than guidance from the Federal Financial Institutions Examination Council. The proposed standards would apply to a wide range of companies regulated by New York, including mortgage lenders and servicers. Under the proposal, financial institutions would be required to establish a cybersecurity program ...

September 20, 2016 - IMFnews

Mortgage Trade Groups Fear an 'October Surprise' on the GSE CSP

“We’re extremely concerned the CSP would be transferred to a nonprofit or a corporation where the board members include executives from JPMorgan Chase or GE Capital,” CMLA's Corso said.

September 16, 2016 - Inside Mortgage Trends

Advanced Analytics Seen as Key for Growth

Benchmarking and other advanced analytics are helping many lenders grow their originations, according to TransUnion, a provider of data, analytics and consulting services. A recent survey by the company also found that a majority of lending organizations lack the resources to realize the competitive benefits of analytics. Versta Research surveyed 309 banks on behalf of TransUnion. Some 66 percent of the lenders said data and analytics are evolving faster than ...


After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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