Loan Portal, Processing, HMDA Compliance, TPO Products; Freddie and Fannie News; FICO 10 T in the MBS Market

Conference season is cranking back up, and some believe that apple orchards are in danger of extinction give the amount of “applewood smoked” bacon in every buffet line. Whether it is Brussels sprouts or beets, there is someone out there re-thinking things. Here in Los Angeles at the L1 event I learned of the book, “Rethink Everything You Know About Being A Next Gen Loan Officer: Kyle Draper and Brian Vieaux team up with 39 mortgage and real estate industry thought-leaders and influencers to help originators adapt their business marketing and relationships to attract the next generation of homebuyers.” Heard in the hallways of this conference: “Congress is a hot mess now. They’re all more concerned about being re-elected than in enacting meaningful change. Every year we spend our time talking about the upcoming election, but what comes of it? Those in our industry need to think about any election’s influence on housing and our own business.” In that case, join the Mortgage Action Alliance: it’s free and there’s strength in numbers. (Found here, this week’s podcast is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology and other services to the mortgage industry for almost four decades. Hear an Interview with Richey May’s Tyler House on the importance of data integrity for companies looking to make informed decisions.) Lender and Broker Services, Products, and Software Truv saves lenders 60-80 percent over competitors. That’s the savings of multiple full-time employees. For example, Compass Mortgage saved roughly 60 percent in verification costs and maintained their same conversion rate. “Truv has given us the ability to lower costs, all while speeding up the verification process and providing better employment data” said Justin Venhousen, COO, Compass Mortgage. Stop wasting money. Contact TRUV today to discuss how we can help you with your income, employment, insurance, and asset verifications.