December 7, 2018
The Mortgage Bankers Association and MBA Insights are accepting nominations for the MBA Insights 2019 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 11.
Given the challenges entailed by digital change, many banks are looking for quick and less expensive alternatives that can deliver short-term wins while major initiatives are underway. Robotic Process Automation can help bridge this gap as a relatively inexpensive and even temporary alternative, both for customer-facing and middle- and back-office functions.
Reputation risk is one of the factors of risk that is easy to understand but tough to quantify. The Federal Financial Institutions Examination Council states, "Reputation risk occurs when negative publicity regarding an institution's business practices leads to a loss of revenue or litigation."
In the commercial and multifamily mortgage markets, different capital sources track delinquency rates in different ways, and for a host of good reasons. Many capital sources, including banks, calculate delinquencies up to the point where an economic loss is recorded.
The Mortgage Bankers Association's latest Washington Update features MBA Associate Vice President of Legislative and Political Affairs Erin Barry, who discusses the Senate runoff election in Mississippi; flood insurance; and pending nominations.
In this MBANow video, Lorelei Wilson, Director of Diversity & Inclusion with Veterans United Home Loans, discusses her company's Residential Diversity & Inclusion award from MBA.
William E. Cumberland, who served 28 years as Senior Vice President and General Counsel of the Mortgage Bankers Association, passed away on Nov. 29 following a long battle with cancer. He was 80.
Mortgage Bankers Association AVP of Economic and Industry Forecasting Joel Kan breaks down the MBA Weekly Applications Survey for the week ending Nov. 30.
In this MBANow video, MBA President and CEO Bob Broeksmit, CMB, discusses legislation that would make it easier for self-employed individuals to obtain mortgages with MBA Associate Vice President Rob Van Raaphorst.
If the home equity lending market were a character in a western movie, it might be called "The Comeback Kid." In 2007, lenders had $2.03 trillion in home equity lines of credit and closed-end second mortgages on their books, according to analysis from Inside Mortgage Finance. But then the crisis came and that number steadily dropped during the past decade to $1.02 trillion.
Many banks are implementing point solutions to automate key parts of processes without significantly overhauling their underlying systems. The approach is to look for quick and low-cost opportunities to achieve short-term wins while major initiatives are underway. Robotic Process Automation helps bridge that gap by providing relatively inexpensive and even temporary alternatives. However, the next wave of automation will be more strategic and permanent in nature.
How credit unions can tap into their high touch reputation to improve the borrower experience.