Volumes are down and lenders are racing to cut costs, but some of their approaches may not be the best for long-term success, a Stratmor analyst said. He suggested lenders update their LO comp structures.
New research shows that when mortgage companies use minority actors in their TV ads, viewers are more likely to apply for a loan with that lender. Borrowers also showed more brand favorability.
A new paper by Harvard University’s Joint Center for Housing Studies has called for policymakers and mortgage lenders to play a larger role in removing barriers to homeownership for immigrants.
SEC approves Better-Aurora merger; FICO increasing mortgage revenue as originations decline; Rithm to spin off most of its origination/servicing business; impact of revised capital requirements for large banks.
ICE and Black Knight plan to sell Black Knight’s pricing platform in order to win approval from the FTC of a planned merger. Affiliates of Constellation Software have agreed to acquire Optimal Blue.
When using third-party models, banks should employ testing methods such as back-testing and benchmarking to meet compliance requirements, according to a RiskSpan analyst.