It is often said that time evolves people. Mankind has evolved over the ages from eras like the stone age to the bronze age to the medieval age to the Modern era. People change with time but in these cases, there are some people that have chosen to remain isolated from the rest of the … Read more
Polly announced on Wednesday its API integration with Total Expert, a customer engagement platform for financial institutions.
Remember, not all math puns are terrible…just sum. Analyzing residential servicing is a combination of math and psychology. If you were an institution thinking of buying mortgage servicing rights (MSR), or a lender running the numbers on retaining servicing rather than selling it to an aggregator like AmeriHome or Penny Mac, you donât like hearing the saying, âMarry the house, date the rate.â Youâd prefer that the loan stay âon your booksâ well into the future because you want the monthly cash flow. In 2020 and 2021 origination income was dominant. But in 2022 servicing income won the day for those who owned it. What will happen to servicing in 2023? No one has a crystal ball, but if rates stay in the 5âs or 6âs, loans funded in 2020 and 2021 still stick. Prepayments have plummeted: no one wants to pay off their 2.875 percent loan. Of course, there are numerous parties slicing and dicing the numbers. For example, Black Knightâs MSR Index takes a sample current note rate production portfolio and tracks the MSR performance throughout the month by comparing the current value to the first day of the month value. (Todayâs podcast can be found here and this weekâs is sponsored by Agile, bringing the mortgage capital markets into a new digital era. From lenders to dealers, Agile is the new way to quote MBS. Listen to an interview with entrepreneur and author Alexandra Nolan on launching and growing a successful business.) Lender and Broker Services and Products
CRM software stores your contact database, but it also has tools to help you manage your sales pipeline, develop email campaigns and monitor the success of marketing efforts.
BBMC Mortgage has worked alongside homebuyers across the country for just under ten years, yet in that short time, it’s earned a positive reputation as a national online lender. The company offers a standard selection of home loan products, including conventional fixed and adjustable-rate mortgages, along with government-backed programs like FHA, VA, and USDA. BBMC’s […]
The post BBMC Mortgage Rates Reviews: Today’s Best Analysis appeared first on Good Financial Cents®.
We have a job opportunity to share from a member of the GEM, New Western: a Senior Integration and Automation Engineer. Founded in 2008, New Western Acquisitions is a marketplace for investing in âoff- marketâ homes. The opportunity: Our vision is to provide industry-leading, modern, and…
The post Proptech Job Opportunity: Sr. Integration & Automation Engineer appeared first on GeekEstate Blog.
Nature is full of trivia. The moon moves about two inches away from the Earth each year. The Earth gets 100 tons heavier every day due to falling space dust. The climate, obviously, is part of nature. Climate, and natural disasters, impact our clients, people, insurance premiums, and the value of servicing in areas prone to hurricanes, flooding, forest fires, and earthquakes. A certain portion of those events (the number is increasing) are determined by FEMA to be natural disasters, and last year 3.4 million adults in the U.S. were at one point or another forced to evacuate their homes due to one, according to the Census Bureau. Approximately 1.4 percent of the American adult population. Thatâs a lot higher than historical averages, up to 800,000 on average for the years between 2008 and 2021. 12 percent were people displaced for over six months and 16 percent were adults who never returned home. The Mortgage Bankers Associationâs (MBA) Research Institute for Housing America (RIHA) has published A Collection of Essays on Climate Risk and the Housing Market. It âwas developed in response to the growing interest from industry participants on how various issues were connected to climate risk. The study features four essays from industry experts that focus on topline issues related to climate risk and its impact on the housing market.â (Todayâs podcast can be found here and this weekâs is sponsored by the STRATMOR Group, the data-driven mortgage advisory. At STRATMOR, insights and knowledge are applied to guide mortgage clients to make sound strategic decisions and take actions that improve their success. Todays has an interview with Partner Garth Graham on tech trends and adoption of tech solutions.)
Black Knight will integrate Wolters Kluwer’s eNote and eVault capabilities in order to cut lenders’ costs per transaction.