With Trump being a real estate developer – though that part of his career is on hold right now – it will be interesting to see if he takes a hands-on approach to reforming the GSEs...
There’s room for improvement in loan origination system offerings, according to a survey of 250 lenders by Strategic Mortgage Finance Group. The consulting group recently released details from its 2016 survey on lenders’ LOS. Lead generation/management was by far the lowest rated functionality within various systems. Only 4.0 percent of survey participants said the lead generation/management offered by their LOS was highly effective. “With the market shift to more purchase business, the lack ...
Accenture, a global professional services company, is re-imagining Software-as-a-Service to give mortgage lenders an advantage in migrating to a digital lending environment. In a new white paper, the firm begins by noting that mortgage lenders are moving as quickly as possible these days toward the digital mortgage. “While each lender defines this product slightly differently, the consumer sees it as an overdue evolution in home finance,” said Accenture. “There are many advantages for ...
Industry activity to promote the digitalization of the mortgage process seems to be accelerating of late. This week, ServiceLink, a provider of transaction services to the mortgage industry, and Roostify, a provider of automated lending technology, announced a partnership they said will extend the digital experience for lenders and consumers alike. Chris Azur, CEO of ServiceLink, said the pairing will improve the overall consumer and lender mortgage experience through enhanced ...
Mortgage lenders haven’t yet experienced any operating headaches from the Equifax data breach this summer – but the ramifications might come slowly and not be immediately discernable. One nonbank CEO told Inside Mortgage Finance that he’s angry about the breach for two rea-sons: his personal information was stolen and it could cause business problems because warehouse banks, state licensing agencies, investors and housing authorities pull Equifax reports to check on him ...
Social Finance, a former fintech darling, has been through the ringer of late: cofounder, CEO and “brain” Michael Cagney resigned midmonth amid sexual harassment allegations and other top executives have departed as well, raising questions about the company’s direction – and future. SoFi, as it’s known, was a “disruptor” of sorts in the financial services arena, refinancing student loans made to millennials at cheaper rates and then securitizing the paper. Over the past 18 months, the privately held startup has been...
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