In the dynamic landscape of the mortgage industry, staying ahead of the curve is crucial for sustained success. As we step into 2024, the winds of change are sweeping across the mortgage industry, ...
In the intricate landscape of the mortgage industry, where precision and speed are paramount, mortgage companies are increasingly turning to outsourcing to streamline their operations. Mortgage ...
In today's competitive mortgage industry, harnessing the power of technology is no longer an option but a necessity. By leveraging the right technologies, mortgage lenders can streamline their ...
Default servicing refers to the process of managing and resolving mortgage loans that are in default, meaning the borrower has failed to make payments according to the terms of the loan agreement. ...
Mortgage servicing is a cost center for lenders. The process of maintaining the day-to-day operations of a home loan is tedious. Between collecting monthly payments from the borrower, paying the ...
Updates from GSEs Ginnie - Revised their Risk Based Capital Requirements for their issuers and is extending the required implementation date to 2024 - Review of Ginnie-Mae “RG” pools. These are ...
An uphill climb faces mortgage industry leaders experiencing whiplash in 2022 as they plan for 2023. You are probably asking yourself these questions when strategizing how you will conquer 2023: Will ...
The Mortgage Bankers Association recently released its Quarterly Mortgage Bankers Performance Report for Q2 2022. One of the most revealing metrics showed that mortgage lenders averaged a net loss of ...
What is Non-QM? A Primer on Non-QM and Opportunities for Mortgage Lenders Non-QM is different from selling agency paper. Non-QM makes some independent mortgage bankers nervous because their friend or ...
With new home sales down, inflation and rates on the rise, and consumers’ credit abilities soon to be tapped out, lenders must turn to alternative solutions to stabilize net margins.
Consumer demand is normally a good thing for the industry holding what they want. However, that is not true for the mortgage industry in the summer of 2022. Due to the low inventory of the housing ...
We are in an unprecedented housing market in 2022, one that presents a dilemma to the Federal Reserve as it combats rising inflation. While stocks and bonds are primarily owned by the wealthy, the ...
Regulatory and Legal Changes Affecting the Mortgage Industry The mortgage industry changed dramatically starting March 2020 with the legislation that placed a moratorium on FHA foreclosures and ...
Outsourcing Mortgage Accounting and ICE Encompass Support The mortgage industry is faced with many challenges – one of the biggest being margin compression. Mortgage industry leaders may be wondering ...
Mortgage Knowledge Process Outsourcing (KPO) and Business Process Outsourcing (BPO) offer a hybrid approach to efficiently using your workforce. They enable your high-value employees to perform ...
Back in the 1940s (I know … the 1940s … when does an article open with that?!), a potential home buyer would head to the local bank to apply for a mortgage. In the 1960s onward, mortgage lenders ...
Labor and automation services provider Verity Global Solutions promotes veteran mortgage executive Dave Demster from senior vice president of sales and marketing to executive vice president and head ...
Mortgage knowledge process outsourcing company Verity Global Solutions announces the launch of QCWorks – a pre- and post-close audit service. QCWorks is enabled by a robust automation and client ...
Our team at Verity is frequently asked what mortgage services and functions are the most suitable to outsource. Generally, those services include the origination and servicing functions that are not ...
When you are managing a business, it is easy to look outward for help; however, not every function is right for outsourcing. In this paper, Verity outlines the six key benefits derived from mortgage ...
If you listen to what many of the mortgage industry publications are saying, technology is the answer to virtually every problem. While technology is essential and some of the newer technologies are ...