MLO Jobs; Subservicer, Warehouse, VA, Non-QM Products; PHH/Reverse Mortgage Deal; Economic Trends; Upcoming Events
Today I head to Orlando for the Mortgage Bankers Association of Florida 2021 Secondary and Convention (approaching 250 registrants!) The live and in-person events are definitely increasing as we move through 2021. The focus on the first portions of the conference will be on recent FHFA/FNMA/FHLMC moves, risk management, private label securitization, the economy, and capital in general. Families are out there guarding their capital, much saved last year. Each year, the average American household spends $2,471 on real-estate property taxes. With such high costs, it’s no surprise that more than $14 billion in property taxes go unpaid each year, according to the National Tax Lien Association. Hawaii has the lowest average real-estate tax at $606, which is roughly nine times lower than in New Jersey, the state with the highest at $5,419. Blue States (traditionally Democrat) have 31 percent higher real-estate property taxes (averaging $2,722) than Red States (traditionally Republican), averaging $2,076. Today’s audio version of the commentary and is available here and is sponsored by Candor Technology, offering a dynamic underwriting engine that eliminates underwriting bottlenecks. It features an interview with compliance specialist Michael Dunn on the latest from the FHA, FHFA, and CFPB.
Broker and Lender Services and Products
Attention Encompass users: Teraverde launches its Encompass Mortgage Software Store. Valuable Encompass extensions, bots and solutions for immediate purchase and delivery. Yes, that quick. Encompass Tools are available at www.teraverde.com/store. All products developed by Certified Encompass Developers and/or Certified Encompass Administrators by Teraverde, an ICE Technology Pro Elite Partner.
The pandemic expedited rapid change in our industry last year, especially in digital transformation and automation. Computershare Loan Services (CLS), a leader in mortgage services, continuously leverages its innovative tech to benefit its clients, and last year was no exception. Its Loan Application Management Platform (LAMP), a customized robotics workflow tool, was initially developed in response to 2014’s evolving regulatory climate and was put to the test during several natural disasters before 2020. Then when COVID arrived, LAMP came to the rescue again, allowing CLS to quickly implement various borrower self-serve tools and create an efficient workflow to manage the high volume of forbearance requests, ultimately helping alleviate a very stressful time for homeowners. CLS remains committed to creating exceptional borrower experiences and helping investors reach their goals. Learn more at www.computershareloanservices.com.
Homebuyers can turn to Pinterest and Houzz for design ideas. But where can lenders look for creative ways to capture repeat and referral business in a purchase market? Here’s an…