Lending Practices, Tech Helped Cut Mortgage Risk
Many of the lending practices that helped bring down the mortgage industry have been reformed thanks to home lenders, government and technology.
Several Home Lending Conferences On the Calendar
Upcoming mortgage-related conferences and events include one on government lending, one focused on a single technology platform and several targeted at financial institutions.
LOS Providers Enhance Compliance Capabilities
Recent updates to loan origination systems, as well as integration and collaboration between LOS developers and other service providers, promise to help home lenders maintain mortgage compliance.
Taking On TRID
The upcoming implementation of integrated disclosures required by the Truth in Lending Act and the Real Estate Settlement Procedures Act has prompted proposed safe harbor legislation. TRID compliance resources include webinars and enhanced technology.
Study Finds Borrowers Benefit from Digital Closings
Results from a new study indicate digital loan closings improve borrowers' understanding of the closing process, increase efficiency and provide consumers with a sense of empowerment.
Satisfaction With Mortgage Servicers Deteriorates
Mortgage servicers' distraction with regulatory issues has left most of their borrowers less satisfied. Despite incentives for non-bank servicers to focus on loan performance instead of borrower relationships -- it was a non-bank servicer that was rated best by its borrowers.
AMCs Enhance Offerings
Several appraisal management companies have integrated new technology into their platforms in an effort to improve services to lenders. Meanwhile, appraisers and valuation firms are meeting in North Texas.
LOS Providers Address TRID
Developers of loan origination systems have been busy improving their products with features that will help lenders be compliant with integrated disclosure requirements. Other LOS enhancements include the integration of settlement fees and advanced signature capabilities.