Spreadsheets aren’t free. They feel free. Your team already knows how to use them, the process is familiar, and the reports do eventually get done. But the bill shows up in places that don’t make it onto any dashboard. It shows up in time. Hours spent pulling data from disconnected systems, cleaning it, cross-checking it, […]
What is Quality Control in Mortgage Operations? Key Components of Effective Quality Control Best Practices for Implementing Quality Control Benefits of Quality Control in Mortgage Operations
The Fed’s July statement was the shortest in recent memory. That brevity is the story. At the July 28-29 meeting, the FOMC held the federal funds rate steady at 3.50%-3.75%. Economic activity is expanding at a solid pace, the Committee said, with strong productivity growth and job gains keeping pace with the workforce. Inflation remains […]
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 […]
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 […]
