In a previous post, we discussed increasing use of digital mortgage application platforms as the first of three indicators that digital mortgage adoption is accelerating. In this post, we will look at the second key indicator: the rapid adoption of eNotes.
While mortgage purchase origination dollar volume is down, application volume hit its highest level in 9 years last month due to dips in interest rates combined with wage gains and home price deceleration.
Each month, lenders must handle new regulations and updated interpretations of existing rules. Even now, TRID continues to provide complex issues for compliance offices. Senior Regulatory Compliance Specialist Timothy Raty peeled back a few more compliance layers with an in-depth article on one of the more intriguing conundrums of TRID. His piece rounded out a month that saw numerous document updates changes as well as investor compliance news.
We sat down with Rich Gagliano, President, Origination Technologies for Black Knight, to spotlight the importance of collaboration, the growing need for Automated Intelligence and the new innovative technology they are introducing.
Are you ready for the new URLA? Starting July 1, 2019, both Fannie Mae and Freddie Mac will begin the optional use period of the redesigned Uniform Residential Loan Application (“URLA”) published jointly by the Government-Sponsored (“GSEs”). Starting February 1, 2020, all loans with an application date on or after February 1, 2020 and purchased by Fannie or Freddie must contain the redesigned URLA.
As the industry continues to push more aggressively toward a digital mortgage, electronic closing becomes more critical. After all, this is where the borrower gets the most benefit out of the paperless process and when done correctly it improves borrower satisfaction, which can increase repeat and referral business.
There were a number of document updates and even some new documents added to our document compliance library in March. Here are highlights from the topics we shared in our compliance blog last month. Subscribe to be among the first to learn about all the industry’s most important mortgage compliance news.
For this month’s Docutech Spotlight blog series, we sat down with Parvesh Sahi, SVP Business Development and Corporate Strategy for Ellie Mae, to discuss the recent Ellie Mae Experience conference and what lenders can expect to see as the mortgage industry moves into 2020.
In February, we covered several document updates and even added new documents to our doc library. In case you missed any of those key updates, here are the topics we shared in our February Compliance Blog. To stay on top of the mortgage industry’s every evolving compliance related issues and changes, subscribe to our Compliance Updates blog.
