“The NYDFS has taken cyber security to a whole new level," said one lender. "They are hammering everyone about the risk and heavy enforcement in examinations.”
Some of the provisions in Ginnie's proposed Digital Collateral Guide have the potential to create unnecessary strains on issuers, according to the MBA.
Better.com was founded in 2016 as Better Mortgage with an emphasis on loan origination technology and non-commissioned loan consultants. A few months back, the lender secured $160 million of additional financing.
The decrease in LOS vendors comes courtesy of industry consolidation from M&A deals, fewer vendor offerings of multi-system platforms and the failure by some platforms to adapt...