07.06.17
The Importance of Dynamic Doc Packages
As production expenses per loan rise to the highest level ever and lenders continue to strive to not only digitize but streamline their operations, dynamic document packages are increasingly important.
06.29.17
Originations Trends, Will They Continue to Decline?
Recently published data reflects declining originations, however; is a different story beginning to emerge? For example, the Monitor Report recently published by Black Knight Financial Services, showed that overall mortgage originations took a dive by nearly 35 percent in the first quarter of 2017. The report also disclosed other statistics of potential concern, including the fact that refinance originations dropped by 45 percent (a 20 percent drop from last year) and the amount in first-lien mortgages originated decreased by 9 percent to settle at the lowest point since the end of 2014.
06.22.17
Three Realistic Regulatory Reform Ideas in the Financial CHOICE Act
On June 8, the House approved the latest attempt at reforming the regulatory structure of the financial industry by passing the Financial CHOICE Act. The bill aims to dramatically revise the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act that was instituted after the 2008 housing market crash.
05.25.17
eMortgage, Part 2: A Promising Present
In our previous blog post, we explored eMortgage’s complex past and how the convergence of multiple technological and legal developments enabled eMortgage to arrive at its present state. But where exactly is eMortgage today?
To refresh, eMortgage refers to the electronic completion of the entire mortgage documentation and closing process, including document generation, delivery, signatures, notarization, authentication, closing and validation.
05.11.17
The Critical Importance of Execution: Identifying the Right Partners
In our previous blog, we discussed executing in the modern mortgage business. It is important to identify the right doc prep solutions provider who is capable of getting the software implemented exactly right, by deadline.
05.09.17
The Critical Importance of Execution: Modern Mortgage Business
Lenders spend a lot of time and money selecting the partners and technologies to trust with their origination businesses. The stakes are high. From a compliance standpoint, vendor management is a significant concern. And then finding that a prospective partner who has made it all the way through the due diligence process doesn’t have what it takes to implement effectively can be very frustrating.
04.13.17
Three Ways a Doc Prep Service Protects Lenders from Errors
Even though the mortgage industry is moving toward the goal of removing paper from the mortgage process, closing a loan still comes down to executing a collection of documents. Whether these docs remain in digital form or are printed on paper, these documents and the data that populates these documents determines the difference between a quality, profitable loan and a costly problem for the lender.
04.07.17
The Three Trends that Dominated MBA Tech 2017
Digital Mortgages, Customer Experience Innovations and Mobile Platforms Are Changing the Face of Mortgage Lending