Sometimes, it pays to focus on what you do best while leaving specialized tasks to experts. That’s where Business Process Services (BPS) comes in. It’s about outsourcing specific functions—like customer service, accounting, IT support, and even mortgage fulfillment—to third-party specialists who can handle them more efficiently and at a lower cost. Why Outsourcing Makes Sense […]
Let’s talk about RMBS due diligence—Residential Mortgage-Backed Securities for the uninitiated. It’s not a flashy topic, but understanding the details here can make or break your returns in the investment world. Think of due diligence as homework before buying a complex financial product. It’s about knowing what you’re getting into, minimizing risks, and making sure […]
The mortgage industry is critical in powering homeownership and fueling the economy. But let’s face it—this industry is no stranger to challenges. With shifting regulations, market fluctuations, and the growing need for accuracy, lenders have their work cut out for them. So, how do you stay ahead? One increasingly popular solution is outsourcing due diligence. […]
Government Regulatory Agencies such as the CFPB, HUD, FHFA, and OCC issue guidance and updates to clarify existing laws and regulations and address emerging challenges in the U.S. mortgage industry. Adherence to regulatory compliance isn’t just a box to check—it’s the cornerstone of successful mortgage lending operations. Effective Quality Control (QC) programs distinguish between defects […]
In the complex landscape of the mortgage lending industry, a robust Quality Control (QC) program stands as a linchpin, ensuring compliance with investor requirements and contributing to the manufacturing of high-quality mortgage loans. Quality Control also adds benefits by contributing to the American dream of homeownership and fostering strong connections within local communities. The Evolution […]
On this International Women’s Day, Consolidated Analytics is thrilled to spotlight some remarkable female players who drive our organization’s success and foster diversity. As we celebrate the achievements of women globally, we take pride in honoring the exceptional contributions of our female talents. Our promotion for this year highlights the accomplishments, wisdom, and inspiration of […]
Happy 2024! Another year has passed, and those of us in the REO Asset Management industry seem to be facing another year waiting for the proverbial “flood gate” to open and inventory to begin following. Our sector has always been subject to various ebbs and flows. As we navigate dynamic economic landscapes and evolving market […]
Are you an Appraiser considering Desktop Appraisals? Wouldn’t it be great if Fannie Mae put out a factsheet to ensure you complete your Desktop Appraisals correctly? Well, guess what? They released that very thing yesterday! The Fannie Mae website states the following: “Beginning in March 2022, desktop appraisals will be an option for some loan […]
On June 28, 2021, the Consumer Financial Protection Bureau (CFPB) issued its “2021 Mortgage Servicing COVID-19 Rule,” protecting borrowers against financial distress and guiding mortgage servicers facing large volumes of loss mitigation requests following the end of the federal foreclosure moratoria. The new rule goes into effect on August 31, 2021 (the day the moratoria […]
What is the word on the street about the state of the mortgage market and what are lenders and servicers doing to prepare? Below is a short compilation of commentary from the Federal Reserve Bank and the MBA: Federal Reserve Bank of New York: The Federal Reserve Bank of New York article, “What’s Next for […]
