Panelists at the MBA Technology Solutions Conference and Expo last year zeroed in on three issues driving the industry’s embrace of technology: the effort to lower origination costs, the need for a better way to validate income and consumer demands for an improved borrower experience. This year, a tight market and increasing disruption from the…
When thousands of mortgage servicers gather in Orlando later this month for the MBA National Mortgage Servicing Conference & Expo, they will tackle challenges ranging from economic conditions to weather. The event in Orlando, Feb. 25-28, will include workshops and sessions on things like state mortgage servicing rules and borrower retention. Servicers continue to face…
The top 15 mortgage quality control issues in 2018, as compiled from tens of thousands of post-close QC audits that we performed over the past year, show lenders still struggling to consistently comply with enhanced disclosure requirements instituted by the Consumer Financial Protection Bureau (CFPB) in 2016. In the third full year of the new…
The challenges facing non-bank mortgage lenders in 2019 include an uncertain economic environment and the certainty of increasing scrutiny. Fewer originations and low refinance volumes have stoked conversations around liquidity and strategies for increasing efficiency when margins are tight. Against that backdrop, independent mortgage lenders will gather for the Mortgage Bankers Association’s annual Independent Mortgage…
MetaSource, a leading provider of mortgage quality control services and technology, has been accepted to the Standard & Poor’s (S&P) list of reviewed firms that conduct third-party due diligence for U.S. residential mortgage-backed securities. MetaSource is one of only a small group of firms that met the assessment factors that are part of S&P’s increasingly…
MetaSource will add three new quality control audits to target troublesome areas for mortgage servicing QC.
The digital transformation of the mortgage industry is poised to have significant impact in the work of the state Housing Finance Agencies. Greater efficiency, improvements in accuracy and a more streamlined experience for borrowers can go a long way toward the agencies’ goals of promoting affordable housing across the country. At MetaSource, we’re proud to…
When you take in hundreds or even thousands of new loans each month from originations, MSR acquisitions, or portfolio transfers, there is no such thing as a “little” discrepancy. Mismatches between mortgage data and the information in the loan file can create delays, add costs and prolong research cycles. Even performing due diligence or QC…
The journey to Digital Transformation in the mortgage industry can seem like an uphill climb at times – uphill across a mountain of documents and data. And yet, technology continues to rise to the occasion, transforming mountains into rapidly moving streams of information quickly ingested and easily retrieved. In the process, we’re saving more than…