E-Signing Momentum Climbs
How do I know that the mortgage industry is starting to rally behind the use of electronic signatures? For one, The Electronic Signature and Records Association (ESRA), the premier trade association...
View ArticleWells’ HELOC Revamp Is Long Overdue
The Wall Street Journal broke the story that Wells Fargo last November had begun requiring most of its customers to start paying principal – not just interest – on their home equity lines of credit...
View ArticleBe The Master Of Your Own Success
I know that you want your company to be the next Apple or Microsoft. So, here’s my suggestion: Stop thinking about it and do it. There are lots of ways that you as a mortgage executive today can blaze...
View ArticleWhat’s Old Is New Again
August is here and so are the summer doldrums. The industry reflects this state of nothing new and nothing much to get excited about. In fact, even the news is a rehash of everything that has come...
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A New Way To Reach Out To Borrowers
Want to create more engagement with your audience? Consider using Pinterest. The online pinning board is becoming a major sales tool for marketers. According to the following infographic by Ripen...
View ArticleOf Selling Loans And Selling Dreams
As human beings, work is very important to us. We place a great amount of emphasis on what we do for a living. Now, the cynic would chalk this truth up to modern-day Capitalism. We’re so focused on...
View ArticleWhat Do The Mortgage Tea Leaves Say About The Future?
Certainly the industry is not booming, but it’s not crashing either. In a recent report, CoreLogic economists Sam Khater and Molly Boesel, analyzed current housing market conditions, including a surge...
View ArticleAre ALTA’s Best Practices Best for the Title Industry?
As a result of the bundling, overvaluation, and selling of mortgages as an equity product that led to the real estate collapse and lending lockdown, the Consumer Financial Protection Bureau (CFPB)...
View ArticleElizabeth Warren’s Media Phobia
Earlier this summer, Washington Post columnist Dana Milbank offered a somewhat unusual portrait of Massachusetts Senator Elizabeth Warren. Milbank, who is among the most respected journalists covering...
View ArticleLook For Opportunity In The CFPB HMDA Plans
Mortgage lenders were seemingly dealt another regulatory blow in July with the Consumer Financial Protection Bureau’s (CFPB) proposal to require significantly more data in the Home Mortgage Disclosure...
View ArticleCovering Your Assets
Consolidated Analytics, as an AMC, has observed and participated in the dynamic changes that the industry has undergone as a grand focus on regulations and compliance has become pivotal in day-to-day...
View ArticleThe (High) Cost Of Mortgage Lending
There are many ways to answer the question, “What does it cost to close a mortgage loan in 2014?” The quick answer is, “A lot more than it once did.” Those of us who lent in the 90s through the early...
View ArticleThe Next Compliance Tsunami
In the four years since Dodd-Frank went into effect, lenders have faced one compliance wave after another. Qualified Mortgage/Ability to Repay, Originator Compensation, Appraisal Practices – the list...
View ArticleA Great Website Levels The Playing Field
Many borrowers start the mortgage process online today, searching for local companies or the lowest rate from national lenders. Lenders of all sizes can take advantage of this by offering a great...
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