Managing IT Evolution
Greg Ellis, Senior Business Consultant
Since the introduction of wide-spread computing in the 1960s, technology has been ever changing and evolving. By taking a few moments to reflect on the cycles of change, we can start to develop some best practices for managing our IT systems and infrastructure.
New Lender Regulations: Summary Interpretation
Jennifer M. Clayton, SVP, Director Product Management
Lenders have found themselves in quite a few difficult positions over the past 2 years. While production ground to a halt for many, or picked up again due to an uptick in refinance applications, now major efforts must go into meeting additional industry regulations.
The Compliance Aspect of Mortgage Origination
Greg Ellis, Senior Business Consultant
The compliance aspect of mortgage origination has continued to gain momentum over the past 12 months. This has been driven by lenders attempting to reduce the amount of future loan buy-backs and investors in an effort to purchase high quality loans.
Evaluating SaaS and In-house Systems for Mortgage Lenders
Greg Ellis, Senior Business Consultant
Over the last few years Software as a Service, or SaaS, offerings have gained a lot of momentum. SaaS is not a new concept by any means. Companies such as Salesforce.com and ADP have operated in this mode for years.
Quick Vendor Integration
Jason Cohen, Sr. Director, Product Operations
Lenders have found themselves in quite a few difficult positions over the past 2 years. While production ground to a halt for many, or picked up again due to an uptick in refinance applications, now major efforts must go into meeting additional industry regulations.
Valuation Solutions – Why do you need Reconciliation?
James Beatty, SVP, Valuation Product Manager
When it comes to valuation products, they are all the same. Right? Wrong! Matching the appropriate product to the level of risk, ensuring that it is done correctly and without undue influence or pressure, is critical to the transaction.
Don't Let a Foreclosure Forestall your Title Agency!
Steve Schachter, Senior Vice President / Strategic Markets Group
Foreclosure proceedings are impacting more than just financially troubled homeowners, Title professionals now must consider more critical factors when preparing Title Commitments and Closing Documents than in times before the housing bubble burst.
A New Servicing Paradigm
Bill Garland, Senior Vice President
Now that I have achieved the visibility I always sought, I need to work on the quality of that visibility”, these are the words of a lending executive who had just been ousted from his position of division president due to heavy losses in his unit.
Platform development through Agile Methodology
Aswin KS, Test Engineer
Frequent change in the mortgage industry demands upgrades in the technology and methodology in the products that you use. Understanding how technology experts cope up with this challenge will help Lenders set their expectations.
RESPA
Lisa Thomas-Smith, Diamond Product Manager & Kris Jaussi, MORvision Product Manager
The beginning of 2010 saw perhaps the largest Mortgage industry changes of the decade. In an effort to clearly convey the charges associated with the loan and loan program information, RESPA made sweeping changes requiring alterations to loan systems, originations processes, and disclosure documents.
On Transaction Based Pricing
Ananth Subramanian, Senior VP - Products & Technology
Traditionally in a vendor client model, the software consumer purchases a license for each user that needs access to the software. This is popularly known as software licensed model.
Lender Risk Products
Greg Shimkus, SVP
Industry oversight and regulatory complexities continue to challenge the financial institution industry making partnership choices a critical element to survival. In today’s lending environment a key litmus test for determining partnership value is based on the intelligence transfer rate achieved through technology and/or services.
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