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.
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.
Changes to the Qualified Mortgage Rule Are Coming; Be Prepared With origination volumes skyrocketing due to historically low interest rates, it would be an understatement to say
Changes to the Qualified Mortgage Rule Are Coming; Be Prepared With origination volumes skyrocketing due to historically low interest rates, it would be an understatement to say
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.
Even in the best of times, mortgages can be challenging for community lenders. Fannie Mae reduced its 2019 volume estimate, and the 2020 outlook isn’t much better. Average origination costs have hit a new high – $10,200 according to research by the Mortgage Bankers Association and Stratmor – squeezing margins even more.
Even in the best of times, mortgages can be challenging for community lenders. Fannie Mae reduced its 2019 volume estimate, and the 2020 outlook isn’t much better. Average origination costs have hit a new high – $10,200 according to research by the Mortgage Bankers Association and Stratmor – squeezing margins even more.
Banks today are under significant pressure due to declining mortgage origination volume, historically high costs, increasing competition from FinTech entrants, and consumers demanding a more user-friendly, digital experience. New and emerging technologies are transforming the financial services industry, and banks are turning to tech to meet customer expectations, reduce cost, and drive growth. The right technology
Banks today are under significant pressure due to declining mortgage origination volume, historically high costs, increasing competition from FinTech entrants, and consumers demanding a more user-friendly, digital experience. New and emerging technologies are transforming the financial services industry, and banks are turning to tech to meet customer expectations, reduce cost, and drive growth. The right technology
In the immediate mortgage-crisis aftermath, most consumers believed getting a mortgage was hard. And it was. But something changed. The past four years spawned multi-billion-dollar ad campaigns from mega lenders reassuring consumers that getting a mortgage is simple now - thanks to technology.
In the immediate mortgage-crisis aftermath, most consumers believed getting a mortgage was hard. And it was. But something changed. The past four years spawned multi-billion-dollar ad campaigns from mega lenders reassuring consumers that getting a mortgage is simple now - thanks to technology.
