Mortgage Insurance News
Last week's unveiling of new mortgage insurance company standards on conventional agency loans has the support of much of the M.I. industry, with most firms indicating that they will meet the requirements. Other updates in mortgage insurance include an enhanced online platform and loosening of requirements on refinancing of subordinate liens.
Integrated Disclosure Solutions Touted
More help has arrived for mortgage bankers to address upcoming requirements for the integrated disclosures. Technology is the primary tool being used.
Survey: 41% Of Lenders Unprepared for TRID
A survey conducted on mortgage banking technology executives found that 41 percent are not prepared for integrated disclosures.
Mortgage Lending Migrates to Phones
Mortgage technology service providers are continuing to develop applications that move more of the home lending process to wireless phones.
Mortgage Bankers Make LOS Choices
Several home lenders have made recent decisions about their loan origination systems. For those who remain undecided, recent LOS enhancements could sway their decisions.
Services Help Comply With Collateral Underwriter
Several valuation service providers have enhanced existing products or developed new ones to help appraisers cope with Collateral Underwriter.
Credit Scores for Those Lacking Traditional Credit
An estimated 15 million people could move into the world of credit thanks to a new credit scoring model that considers alternative forms of credit. But its applicability to home finance is unclear.
Sideline Assistance Aimed at Integrated Disclosures
With the countdown clock running out the on integrated disclosures, the rule's enforcer has affected some revisions on material guides. Industry associations are taking steps to ensure a smooth transition for their members, while technology providers are making headlines with services aimed at coaching mortgage players through a tricky rulebook.