January 17, 2019
In the midst of low non-performing loan frequency and severity rates, technology for investment in default servicing has been minimal. Yet, there are many in the servicing industry who see these "good times" as an opportunity to upgrade loss mitigation technology, especially that which focuses on borrower engagement in the loss mitigation process.
Ed Marcheselli is managing director of Learning & Development of BAI, Chicago, a nonprofit independent organization.
The chart shows year-over- year percent changes for each series relative to the same quarter one year ago. All three measures point to wage growth that accelerated through most of 2018 and in some cases, at the fastest pace since the last recession.
The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative Affairs Dan Grattan, who discusses the partial government shutdown; MBA efforts to get FEMA and the IRS to process loan applications and tax requests, respectively; and the new political climate in Washington.
The Mortgage Bankers Association announced Eduardo "Eddy" Perez, CMB, President of Equity Prime Mortgage LLC, has been appointed chairman of the Mortgage Bankers Association Political Action Committee (MORPAC) for the 2019-2020 election cycle. MBA also announced Jeffrey "Jeff" C. Taylor, Co-Founder and Managing Director of Digital Risk LLC, has been appointed chairman of the Mortgage Action Alliance (MAA) for the 2019-2020 election cycle.
Former MBA Chairman Bill Cosgrove, CMB, President and CEO of Union Home Mortgage, Strongsville, Ohio, joins mPower Founder Marcia M. Davies to discuss how to increase advancement opportunities for women in the mortgage banking industry.
In this MBANow video, MBA Senior Vice President of Residential Policy and Member Engagement Pete Mills discusses the upcoming MBA Independent Mortgage Bankers Conference, taking place in San Francisco Jan. 28-31.
Mortgage Bankers Association Vice President of Industry Analysis Marina Walsh breaks down the MBA Weekly Applications Survey for the week ending Jan. 4.
In this MBANow video, Sam Zaki, Senior Vice President of Appraisal Sales and Strategy with Radian, Philadelphia, discusses the changing face of the title industry.
Application Programming Interfaces, commonly known as APIs, are the Current Big Thing--although they've been around for more than 50 years. What's making APIs "hot" is in how they're being used in the mortgage industry. At Fannie Mae, Washington, D.C., APIs are transforming the way it and its customers do business.
The property tax industry is riddled with challenges, ranging from missing exemptions and orphaned accounts to the ever-changing list of special collection districts. When performed improperly, homeowner association data collection presents another obstacle that could cost loan servicers thousands of dollars in fines or even worse, the forfeiture of a property.