Remove 2020 Remove Design Remove Lending Remove Modernization
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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.

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How modernized servicing creates customers for life

Housing Wire

The modernization of mortgage originations in recent years has made customers expect a smart, push-button experience. As mid-March 2020 COVID lockdowns escalated to 4.3 Because Sagent’s modern platform lets lenders simply configure (rather than re-code) for real-time compliance changes. Not this time.

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How 2020 raised the stakes for the mortgage industry

Housing Wire

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. More than that, the fintechs that flooded in brought with them a promise to modernize the mortgage industry with data-rich, cloud-enabled and digitally secure workflows.

Mortgage 313
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Loan quality lessons learned from 2020

Housing Wire

HousingWire recently spoke with Trevor Gauthier, CEO of ACES Quality Management, about the effects of 2020 on loan quality and what lenders should expect regarding loan quality and risk management this year. Fair Lending is a great example of this. HW: What effect did the pandemic have on loan quality in 2020?

Clients 381
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2020 HW Tech Trendsetter: Samir Agarwal

Housing Wire

Despite the proliferation of mobile and online banking channels, local and regional financial institutions often lack the resources, expertise, and infrastructure to obtain modern digital solutions. The post 2020 HW Tech Trendsetter: Samir Agarwal appeared first on HousingWire.

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Court tosses Trump-era HMDA reporting change

Housing Wire

District Court found that the CFPB, under Trump appointee Kathy Kraninger , acted in an “arbitrary and capricious” manner by exempting mortgage lenders from reporting obligations under the Home Mortgage Disclosure Act (HMDA) designed to help combat fair lending and fair housing violations, including redlining.

Lending 361
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ESSA Bank to pay $3M to settle DOJ’s redlining allegations

Housing Wire

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S. It is simply the right thing to do.”

Lending 266