With housing affordability at an all-time low, many would-be homebuyers are struggling to participate in today’s market. Adding a down payment assistance program to your mortgage lending toolkit could help open the doors to homeownership for your customers.
With housing affordability at an all-time low, many would-be homebuyers are struggling to participate in today’s market. Adding a down payment assistance program to your mortgage lending toolkit could help open the doors to homeownership for your customers.
For banks looking to mortgage lending as an avenue for growth, staffing must be a key consideration. Our latest blog explores why adequately staffing — and training — your mortgage division is critical to efficient, profitable mortgage operations and outlines a recommended structure to support residential lending.
For banks looking to mortgage lending as an avenue for growth, staffing must be a key consideration. Our latest blog explores why adequately staffing — and training — your mortgage division is critical to efficient, profitable mortgage operations and outlines a recommended structure to support residential lending.
With so many product options in today’s mortgage market, it may be tempting to attract borrowers by taking a wide-net approach to product offerings. But, setting up and maintaining unique mortgage products requires significant investments in time, resources and expertise. What should you consider when evaluating mortgage products to find those meeting the needs of your borrowers and communities?
With so many product options in today’s mortgage market, it may be tempting to attract borrowers by taking a wide-net approach to product offerings. But, setting up and maintaining unique mortgage products requires significant investments in time, resources and expertise. What should you consider when evaluating mortgage products to find those meeting the needs of your borrowers and communities?
With nearly 35-million people having quit their jobs as part the “Great Resignation,” community banks find themselves not only competing for mortgage business but also top talent. Managed services provide community banks with a viable alternative to talent acquisition, ensuring they can continue to serve their communities and create increased access to homeownership.
With nearly 35-million people having quit their jobs as part the “Great Resignation,” community banks find themselves not only competing for mortgage business but also top talent. Managed services provide community banks with a viable alternative to talent acquisition, ensuring they can continue to serve their communities and create increased access to homeownership.
The mortgage refinance boom may be over, but 2022 is on track to be one of the largest purchase markets in history. When done efficiently, residential lending can be a game-changer for community banks. Are you ready to compliantly take advantage of the current market? In their latest blog, Promontory MortgagePath helps you navigate NMLS licensing registration requirements to get started.
The mortgage refinance boom may be over, but 2022 is on track to be one of the largest purchase markets in history. When done efficiently, residential lending can be a game-changer for community banks. Are you ready to compliantly take advantage of the current market? In their latest blog, Promontory MortgagePath helps you navigate NMLS licensing registration requirements to get started.
M&A can be tricky when it comes to integrating systems and staff — between 70 and 90 percent of acquisitions fail, with integration issues being a key cause. For banks on both sides of the acquisition, this unwanted issue can be avoided, in part, by including managed services in their M&A strategy.
M&A can be tricky when it comes to integrating systems and staff — between 70 and 90 percent of acquisitions fail, with integration issues being a key cause. For banks on both sides of the acquisition, this unwanted issue can be avoided, in part, by including managed services in their M&A strategy.
By Colgate Selden The Evolving Role of the Chief Compliance Officer in Selecting Tech and Tech Vendors The digital mortgage promise is compelling: new technology and better workflow meeting consumer, lender, servicer, investor and regulator needs and requirements all built for compliance and protecting participants from unnecessary risk.
By Colgate Selden The Evolving Role of the Chief Compliance Officer in Selecting Tech and Tech Vendors The digital mortgage promise is compelling: new technology and better workflow meeting consumer, lender, servicer, investor and regulator needs and requirements all built for compliance and protecting participants from unnecessary risk.
Digital transformation was on the program and on the minds of the attendees at the American Bankers Association Conference for Community Bankers in San Diego this week. I moderated a panel featuring Bryan Luke, President and Chief Operating Officer of Hawaii National Bank, and two of my colleagues, Ken Janik and Colgate Selden.
Digital transformation was on the program and on the minds of the attendees at the American Bankers Association Conference for Community Bankers in San Diego this week. I moderated a panel featuring Bryan Luke, President and Chief Operating Officer of Hawaii National Bank, and two of my colleagues, Ken Janik and Colgate Selden.
You’ve been coding feverishly for ten minutes. You’ve got twenty table joins lined up, and you’re ready to execute your newest monster SQL query. A single bead of sweat rolls down your forehead as you timidly press the button to execute. You watch the SQL engine spin as it starts to process your query. One
You’ve been coding feverishly for ten minutes. You’ve got twenty table joins lined up, and you’re ready to execute your newest monster SQL query. A single bead of sweat rolls down your forehead as you timidly press the button to execute. You watch the SQL engine spin as it starts to process your query. One
Bankers enjoy a dizzying array of opportunities to leverage new partnerships to cut costs, boost profits, improve technology, enhance the customer experience – and sometimes – all of the above. That’s the good news. The not-so-good news is sifting through an increasingly complex landscape of new entrants and established vendors and vetting potential partners takes time,
Bankers enjoy a dizzying array of opportunities to leverage new partnerships to cut costs, boost profits, improve technology, enhance the customer experience – and sometimes – all of the above. That’s the good news. The not-so-good news is sifting through an increasingly complex landscape of new entrants and established vendors and vetting potential partners takes time,
Borrower expectations are shifting. Fast, secure, and accessible digital services are no longer an advantage – they’re imperative to remaining competitive. With the rising popularity of non-traditional banks and lenders, banks are seeking innovative ways to meet changing expectations, compete with new challengers and remain profitable.
Borrower expectations are shifting. Fast, secure, and accessible digital services are no longer an advantage – they’re imperative to remaining competitive. With the rising popularity of non-traditional banks and lenders, banks are seeking innovative ways to meet changing expectations, compete with new challengers and remain profitable.
“Should I stay or should I go?”—The Clash In today’s volatile mortgage environment, many community lenders are reexamining their commitment to mortgage operations or withdrawing from residential lending altogether.
“Should I stay or should I go?”—The Clash In today’s volatile mortgage environment, many community lenders are reexamining their commitment to mortgage operations or withdrawing from residential lending altogether.
