What Is A Management System?
One of the less frequently discussed requirements of the CFBP is that companies have in place a Compliance Management System. This has resulted in a lot of concern and confusion about what exactly they...
View ArticleNow Is Not The Time For Negativity
I know that there’ a lot to be worried about these days. Volume is not rising any time soon, but the amount of regulation surely is. So, how do you get the most out of your team to ensure success...
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Automate Away Lending Risk
One of the less frequently discussed requirements of the CFBP is that companies have in place a Compliance Management System. This has resulted in a lot of concern and confusion about what exactly...
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Ensuring Compliance
Michael L. Riddle spearheaded MRG Document Technologies’ development of systems that efficiently provide “state-of-the art” disclosure and documentation services to national mortgage lenders via the...
View ArticleAddressing Risk
Addressing risks identified as a threat to the achievement of the company’s goals is typically the responsibility of risk management. Options for minimizing or eliminating these risks include...
View ArticleThe Power Of Appreciation: How To Get What You Want Out Of People
When you are a leader, you are also a salesperson. Moving people–getting them to go in the direction you wish for them to go–is sort of the name of the game. You can’t very well call yourself a leader...
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Must Haves When Building A Financial Services Website
It’s an amazing feeling when someone contacts your business through the company Web site and is completely sold during the telephone follow up. Unfortunately, countless professionals end up losing...
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Industry Pivot Point
There is a lot of uncertainty in the mortgage industry these days. Mortgage lenders are on the hook for the CFPB’s August 1, 2015, deadline for implementation of the TILA-RESPA Integrated Disclosures....
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A New Type Of Industry Event
On April 7th, in beautiful New Orleans, Mercury Network hosted the first Techlab@CRN in conjunction with the Collateral Risk Network’s quarterly meeting. Techlab@CRN was an interactive, invitation-only...
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A Closer Look At TRID
On August 1, 2015, the forms previously known as the Good Faith Estimate and the Truth in Lending Disclosures will be replaced with a new form called the Loan Estimate, which must be provided to...
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The Three C’s Of TRID
Jewelers have often cited the “Four C’s” of a diamond’s quality – carat, cut, clarity, color. These four standards help consumers judge the quality of a diamond, and the “Four C’s” provide a simple...
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A TRID Request That The CFPB Should Listen To
Sharon Matthews, CEO and president of eLynx, an on-demand, web-based document collaboration and delivery services provider is applauding the CFPB’s decision to delay the TRID effective date, but she...
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What Is The CFPB Up To?
STRATMOR Group, a consulting firm that helps mortgage banks build profitable mortgage lending operations, responded today to news that the Consumer Financial Protection Bureau would move forward with...
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The Profitability Crisis
There’s been much researched and reported about why businesses don’t turn a profit—some chronically operating “in the red” month after month until failure finally ensues. In fact, reports reveal that...
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Three Common MBI Myths Dispelled
Well over half of all industry professionals are taking a serious look at mortgage business intelligence (MBI), and if you’re one of these, you’ve undoubtedly heard the myths. As with any new,...
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Top 12 Mortgage Business Intelligence Mistakes :: Part 4
This is the fourth installment of a six-part series on the most common mistakes that occur when evaluating, implementing, or using mortgage business intelligence (MBI). Today’s article discusses system...
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Lenders Should Be More Involved
Too often vendors do software updates based on what they think lenders will need. Lenders should have much more input. To this end, Ellie Mae has launched the Ellie Mae Idea Center, a new online...
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Five Key Ingredients For Successful Long-Term Lending To The Millennial Borrower
We’re halfway through 2015, and many lenders are still holding their breath waiting for the TILA-RESPA Integrated Disclosure rule (TRID) to go into effect. We all fear the unknown, but lenders can...
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Are Your Hedging Skills (Or Lack Thereof) Leaving Money On The Table?
Secondary mortgage market professional are always under pressure. They are faced with a multitude of difficult tasks including managing the pipeline, guarding against losses and trying to exploit...
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Beefing Up Short Sales Bids With Expertise And Effort
Unlike with Uber and the ride-sharing revolution happening, there is no easily downloadable short sale management “app” that is going to instantly save you a lot of money and dramatically simplify your...
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