Obstacles Remain in Digital Mortgage Transformation
Despite momentum that has been building in the implementation of a fully digital mortgage process, there are obstacles that need to be overcome.
LOS Updates, Enhancements Announced
Three origination channels will benefit from recent loan origination system updates, as will reverse mortgage originators and home-equity lenders. Other LOS changes will enhance compliance.
Nearly 70 Mortgage Events Scheduled Through October
From August through October, there are nearly 70 mortgage-related events on the calendar -- including a servicing conference, a technology event and regulatory workshops.
Ocwen's Borrowers Least Satisfied
While there was no change at the top of the list of best mortgage servicers, Ocwen Financial Corp.'s servicing unit landed at the bottom.
Ginnie, Mortgage Regulators Hosting Events
Three mortgage service providers are planning conventions for their users, while mortgage regulators and the Government National Mortgage Association are hosting events.
LOS Enhancements Address TRID, HECMs
Reverse mortgage originations and compliance with TILA-RESPA integrated disclosures will be easier as a result of recent enhancements to, and integrations with, loan origination systems.
Outdated Technology Bogging Down Some Servicers
A regulatory report indicates that mortgage servicers are continuing to utilize failed technology that has harmed borrowers and violates servicing rules.
DU 10.0 Release Date Set
After being delayed for an unspecified amount of time, a new release date has been scheduled for Desktop Underwriter Version 10.0.