In The News

MortgageFlex, creator of the MortgageFlexONE LOS and the companion second generation, cloud-native mortgage servicing software platform, has published a new white paper entitled, “The Evolution of Modern Servicing Software: Why industry disruption from the inside is changing how the mortgage servicing industry operates.” In its new paper, company leaders suggest that it’s not the technology that leads to disruption, but rather the mortgage servicers that put it to use.

Planet Financial Group, a fully integrated family of companies delivering origination, servicing and asset management solutions, has renewed for a fifth year its partnership with the National Forest Foundation (NFF), the official nonprofit partner of the U.S. Forest Service. Through the partnership, Planet will have funded the planting of more than a quarter-million trees in our National Forests.

MISMO, the real estate finance industry’s standards organization, is publishing Version 2.1 of the SMART Doc 1.02 Standard Mapping and Implementation Guide as final.

While virtually every lender is focused on finding new business in today’s down market, they should consider focusing more attention on their employees’ experience. That’s the conclusion STRATMOR Group Senior Advisor Sue Woodard reaches in the company’s August Insights Report InFocus article, “In the Battle to Win Mortgage Borrowers, the Employee Experience Matters.”

Mortgage applications decreased 4.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 18, 2023. 

The National Housing Conference (NHC) is calling on the Federal Housing Finance Agency (FHFA) to return to a flat guarantee fee (G-fee) structure, eliminating the current pricing grid that charges homebuyers different fees based on their downpayment. In a comprehensive letter submitted in response to FHFA’s Request for Input concerning Fannie Mae and Freddie Mac’s Single-Family Pricing Framework, NHC urged Fannie Mae and Freddie Mac (the Enterprises) to return to a flat G-fee for all purchase money mortgages on owner-occupied properties. Additionally, NHC called upon FHFA to reduce the Enterprise capital requirements based on accurate assumptions of real risk.

The third 2023 quarterly installment of WFG’s”Quarterly Economic Outlook,” an informative and influential webinar featuring Williston Financial Group (WFG) Chairman and Founder Patrick F. Stone and Economist and Forbes contributor Bill Conerly, Ph.D., will take place on Tuesday, September 12th at 2 pm ET/1 pm CT/11 am PT.

MISMO, the real estate finance industry’s standards organization, is seeking public comment on title and closing dataset specifications that will help accelerate the industry’s digital transformation. The 30-day public comment period runs through September 11, 2023.