By: Brad Thompson for Tomorrow's Mortgage Executive Magazine Platform replacement is expensive. In my experience, 90% of project failures occur when the software provider is seen as nothing more than a vendor. Over the past decade, I have been directly or indirectly involved in thousands of software implementations and IT projects. Most succeed; some fail. […]
By: Dan Green for Today's Lending Insights A lender and I were talking the other day about fully paperless, completely electronic mortgage lending — what we now refer to as the digital mortgage. Digital mortgages live 100% in the virtual world. This is a big departure for our industry and from tradition: A mortgage is, […]
By: Amanda Phillips and Matt Hydrew for Tomorrow's Mortgage Executive We started talking the day the RESPA-TILA rule was announced that this regulation is more than the swapping out of three legacy disclosures. There’s little argument that preparing for this summer’s RESPA-TILA changes is going to be hard. And overwhelming. And exhausting. And frustrating. We […]
There’s been much ado about the Millennial generation as the borrower segment that lenders should zero in on.
If you keep these perennial borrowers happy, they are more than likely to come back the next time they find their next investment property or home.
DENVER, CO; Feb. 23, 2015 – Accenture (NYSE:ACN) introduced a new release of the Loan Fulfillment Center by Accenture Mortgage Cadence that offers e-signature functionality, enabling borrowers to electronically sign disclosures more easily and quickly, and with dramatically improved convenience and security. The Loan Fulfillment Center, one of the two loan origination systems provided by […]
By: Dan Green, "Coming of Age: The Digital Mortgage," for Today's Lending Insights The digital mortgage is nothing new. Lenders began talking about the fully paperless, all-electronic loan at the dawn of online lending more than a decade ago. A few have made the leap; their borrowers self-originate, their teams ‘screen-process’ rather than folder process, […]
By: MortgageOrb, "Mandy Phillips: Integrated Disclosures Will Bring About ‘Philosophical Shift’" PERSON OF THE WEEK: Amanda (Mandy) Phillips is legal and compliance senior executive for Accenture Mortgage Cadence. MortgageOrb recently interviewed Phillips to learn about how the company is helping lenders meet the upcoming deadline for the Consumer Financial Protection Bureau's (CFPB) new integrated disclosures […]
Today’s millennial borrowers demand transparency; it is no longer acceptable to keep your borrowers in the dark and expect them to be agreeable.
By: Dan Green for Tomorrow's Mortgage Executive The Consumer Financial Protection Bureau (CFPB) released “Leveraging Technology to Empower Consumers at Closing” on August 5, 2015. This is an eagerly anticipated report covering the eClosing Pilot project the CFPB conducted with a group of lenders and mortgage technologists during the first four months of this year. […]
By: Trevor Gauthier for Tomorrow's Mortgage Executive My point is this: the mortgage industry has reached a point at which we have to examine our past influencers while at the same time looking for new ones. In the space of ten days this past summer, I saw Lady Gaga, Slash and Aerosmith in concert. At […]
Mortgage technology overhaul or tune-up? This is the question every lender should ask and answer after reviewing their productivity results.
By: Dan Green for CBInsight There are many ways to answer the question, “What does it cost a credit union to close a mortgage loan in 2013?” The quick answer is, “A lot more than it once did.” Those of us who lent in the 90s through the early 2000s watched the cost of closing […]
By: Paul Wetzel for Tomorrow's Mortgage Executive Increasing efficiency while decreasing costs is an ancient mortgage industry topic. We dealt with it at the turn of the century and made substantial gains only to watch them all roll back under the twin tides of the housing crisis and the regulatory onslaught. Operating costs are reaching […]
By: Trevor Gauthier for Today's Lending Insights According to conventional wisdom, creating a mortgage loan is like a manufacturing process, with loans progressing along an assembly line that starts with origination and ends with delivery. But the process actually begins before origination when will-be buyers have their first thoughts about homeownership. Without their applications — […]
