In news underwriters will need to know, banks and satirists across the United States are taking Director Bill Pulte’s and President Donald Trump’s 50-year mortgage suggestion are running with it. They (the underwriters) would now require an applicant’s grandkids to co-sign on a 50-year mortgage “just in case” as part of the approval equation. What happens when you leave out a key part of the equation? (Skip ahead to the two-minute mark for another chuckle.) The IT staffs of lenders and vendors are always on guard not to leave out any part of any equation, and they may have some interest in this: ClickFix may be the biggest security threat your family has never heard of, as it is a relatively new technique that can bypass many endpoint protections. (Don’t confuse it with Click n’ Close, a fine company in the correspondent & wholesale space! (Today’s podcast can be found here and this week’s is sponsored by TransUnion. Mortgage lenders choose TransUnion for their identity-focused, data-driven mortgage insights and solutions, enabling them to achieve more desirable lending outcomes in a volatile housing market. Hear an interview with MeridianLink’s JP Kelly on how evolving credit scoring models, real-time analytics, and data integration are reshaping mortgage lending, from improving credit inclusivity and compliance to accelerating decision-making and redefining competition in a data-driven marketplace.) Services, Products, Software, and Tools for Lenders and Brokers
