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 […]
For some lenders and servicers who have delayed modernization, 2020 and 2021 have become the year(s) of technology advancement. Some may point exclusively to the pandemic as the reason behind all the new technology implementations and transformations, however, based on the feedback from Consolidated Analytics’ consulting and advisory clients, the story behind the uptick in […]
Back-office mortgage loan origination processes are known to be somewhat cumbersome, but some origination processes, like government-insuring, require an even higher level of detail, accuracy, and timeliness. I spoke with Tara Cormier, Division President, Mortgage Fulfillment at Consolidated Analytics to better understand the particulars related to government insuring and why fulfillment for this aspect of […]
~ Career Fair Provides Insight on Consultant Qualifications, Requirements, Roles & Projects ~ Anaheim, CA. May 4, 2021- Consolidated Analytics, an end-to-end provider of mortgage solutions, and a fast-growing mortgage industry consulting firm, today announced that it will be hosting a career fair for mortgage experts and specialists seeking opportunities to utilize their skills as […]
Project management in the mortgage industry is often highly complex and requires that teams, processes, compliance experts, and technology work together effectively for execution excellence. A project’s success can be attributed to a range of factors from exceptional and organized project leadership and detailed planning through project methodology and cross-team collaboration. Since the COVID-19 virus […]
In the course of a mortgage originator’s business, few decisions are more important than selecting a Loan Origination System (LOS) system and vendor partner. In fact, there is a clear interdependence between operational performance and platform performance. Effective and well-thought-out processes ensure a business is getting the full advantage of their platform while a powerful, […]
Current market conditions continue to make servicing loan portfolios a coin toss. Many originators strive to maintain control of loan servicing, since it reinforces branding and provides a first line of communication to customers for retention and refinancing. With today’s higher interest rates, however, refinancing has decreased and that has slowed down the normal portfolio […]
February 1, 2020 is the deadline to comply with URLA/1003 changes. While that deadline may seem reasonable, we all know better. When a deadline for compliance is set, it usually seems distant. A problem for a later date. But then, one morning, you wake up and the deadline is tomorrow. This simply isn’t fun so […]
The Consultant’s Corner is a blog series written by Consultants for Consultants. The blog articles provide personal opinions and experiences of individual consultants and do not necessarily reflect the views of the company. We hope this blog series provides a range of perspectives across the industry. If you have a different experience that you would […]
