Matt and Lisa, a couple who owned a small
business, were in route to Europe when their plane was forced to land because
of engine problems. The plane lands safely on the island and everyone deplanes
safely. After a while old Matt turns to his wife and says, "This island
appears to be uncharted and desolate. The odds are that we will never be
rescued and will have to live on the island for a very long time, if not for
the rest of our lives! This is horrible, simply horrible!"
After a few minutes his wife Lisa asks,
"Did we pay our quarterly federal income tax yet?"
"No. What a ridiculous thing to ask
now!" says Matt.
She replies, "Did you remember to mail
off our state taxes before we left?"
"No."
Lisa begins to grin. "So, what are you
smiling about!?" an exasperated Matt asks.
"They'll
find us!!" says Lisa
Mortgage automation platform, Floify, announces the release of
its mobile mortgage automation app, which allows LO's to manage
their loan pipeline from any Android or Apple device, including the iPhone,
iPad and Apple Watch. Loan officers can monitor each loan's status and will be
able to send real-time notifications to borrowers and referral partners from
anywhere, at any time. Borrowers can securely send mortgage docs by taking a
photo from their phone and uploading directly to their lender's Floify
dashboard, which increases the speed and quality of the document collection
process. "The app reduces everyone's dependency on email and voice mail
while creating a more positive borrower experience and referral opportunity",
stated Dave Sims, Floify CEO. Loan officers and their teams can get a demo of
the new mobile app as well as other Floify features here.
Everyone is talking Digital Mortgage. Do you wonder if your
company is on pace with peer lenders when it comes to implementing Digital? For
the rest of this week, STRATMOR is offering a Spotlight survey on the
following Digital topics: Consumer Interaction, Automated Data
Verification, and Database Marketing. It is free to participate, so click here to be a part of the STRATMOR Spotlight survey:
Lender Adoption of Digital Mortgage Survey. For questions, contact STRATMOR at spotlight@stratmorgroup.com.
Chain Business Insights, an independent research
firm focused on the application of blockchain for supply chain management and
trade finance, has announced the launch of its membership services. It has also
published its debut eBook titled Blockchain Meets Supply Chain: Rewiring Business Operations for
the Digital Age. Its eBook is a primer for those who want to learn about
blockchain basics and potential applications in supply chain management.
ValuAmerica has partnered with Pavaso, Inc. This
partnership will allow customers to implement digital closings into their
workflow to conduct hybrid eClosings. In a hybrid eClosing, select
documents, such as the Deed and Note, are printed and "wet-signed,"
but much of the closing package is executed electronically. Pavaso's Digital
Close also provides built-in eSign and eNotarization capabilities, allowing
borrowers to sign and notaries to verify and stamp documents digitally.
Although there are still some traditionally wet-signed documents, this allows
most the closing package to be executed more efficiently and securely.
Optimal Blue unveiled its new Application
Programming Interface (API) initiative. The first deliverables available
through Optimal Blue's new API platform, allow secure access to pricing for
eligible products for both consumer direct and loan officer implementations.
The APIs may be used by customers who wish to integrate product and pricing
data with proprietary website, mobile, or point-of-sale solutions, and by
vendor partners whose solutions are enhanced through the integration of
originator-specific price data for eligible products. Through this API
initiative, the company will enable an ecosystem of third party developers
serving Optimal Blue customers.
And OB announced a business intelligence tool providing
real-time visibility into a lender's market share. Market Share Insight
provides lenders with the ability to review and analyze current and historical
market share by lock request volume in comparison to all other lenders using
the Optimal Blue platform. Lenders can track their ranking by metrics such as
price, rate, loan amount, FICO and product type and can also compare changes in
their volume against overall market performance. Market share can be evaluated
over any period based on MSA and loan attributes, and lenders can view results
online or schedule reports for automatic delivery via email.
Credit Plus credit reports are available through
Ellie Mae's point-of-sale solution, Encompass Consumer Connect, an extension of
their Encompass all-in-one mortgage management solution. The integration allows
Encompass Consumer Connect users to verify and share their credit reports with
lenders.
A while back Zelman & Associates served as
Underwriter for Invitation Homes' (Ticker: INVH) successful $1.8 billion
Initial Public Offering that priced January 31. "This demonstrates
Zelman's continued ability to serve as the investment banker and financial
advisor of choice for the industry's leading housing companies and financial
sponsors invested in housing, with whom Zelman has executed over 70
transactions totaling nearly $9 billion of transaction value. This transaction
also demonstrates Zelman's ongoing Investment Banking and Institutional
Research commitment to the single-family rental industry, having published over
100 company-specific and 'White paper' reports, as well as underwriting 75% of
IPOs and serving as strategic and financial advisor relating to M&A in the
space.
Maxwell unveiled a partnership with Equifax Inc., that
will provide Maxwell customers and their borrowers with a faster, more seamless
experience, beginning with automated employment and income verification through
its proprietary database, The Work Number. Equifax is a launch partner for
Maxwell's newly released "Connected Apps" platform built on its
powerful API, enabling lenders to customize the experience for their borrowers.
NAMB+ announced Avantus as its newest endorsed provider.
NAMB+ brings everything from compliance, digital mortgage platforms, lead
generation, phone services, social media, custom canvas prints and much more to
NAMB members as part of the NAMB+ program. NAMB members who utilize the
offerings of Avantus will benefit via free on-site inspections; free setup of a
personalized StartMyApplication web site for all loan officers; unlimited use
of CreditXpert's Credit Score Improvement tools; and a free cost analysis.
Trainings and Events:
nmpU Purchase Bootcamp - West is coming to San
Diego on Thursday - Friday, May 11 and May 12. This exclusive
two-day event is a high impact, complete success program for developing your
purchase business and to radically increase your current efforts. Presented
personally by nmpU President and Head Coach, Ron Vaimberg, nmpU Purchase
Bootcamp is a private event that is limited to only 40
attendees. Attendees will be taught thirty-one no cost / low cost lead
generators along with all the skills needed to convert leads into closed
loans. This is only the first week of promoting the event and already 1/3
of the seats are sold. If you want to take your purchase business to an
entirely new level then Please Click Here for more information and to register
before the event is sold out. Enter code "Chrisman" and save $100.
What are the 8 things people should know about reverse
mortgages? The product is "new and improved" (after some nice
changes in 2013 and 2015). This webinar on April 11th is "fun and fast
paced - straight talk about reverse mortgages."
Also on April 11th/ Tuesday, at 2PM ET,
Jennifer Whip talks about "Why Agency Approval is More Important
Than Ever - For All Mortgage Lenders". Registration link is here.
And on April 18th/ Tuesday at 1PM ET, Ryan Abbe
of JMP Securities talks about "M&A Opportunities in Title Industry."
Who can't afford free? There is an upcoming free webinar
presented by the Mortgage Technology & Marketing Committee (MTAM) on
designing, building and measuring your mobile strategy featuringHubSpot's
Sam Mallikarjunan. How do you win on mobile? Sign up for this April 18th
webinar and find out.
In Colorado, CMLA's 26th Annual Rocky Mountain Mortgage Lenders Expo includes Pro Football
Hall of Fame Class of 2017 member Terrell Davis featured as the keynote
luncheon speaker. This one-day event, April 20th, combines industry
education and an opportunity to learn about the latest trends in technology,
lending, compliance, and marketing.
Capital Markets
If news of higher future interest rates reflects a shift
in the stance of monetary policy, then one would expect it to lower projections
for real GDP growth and raise projections for unemployment. The data, however,
point to quite different conclusions. And who doesn't like puzzles?
Rate-wise, nope, not much going on out there. Yesterday
Treasuries, and MBS prices, spent most of the session confined to a relatively
narrow range, also in light volumes. There just wasn't any news to move things
one way or the other, and the 10-year note improved about .125 (closing at
2.36%) whereas 5-year notes and agency MBS prices were better slightly.
Today promises to not be much more active. We're had the
March NFIB Small Business Optimism Index, but coming up is job openings from
JOLTS (for February) will be released at 10AM ET, and the Treasury will sell
$20 billion of 10-year notes. To start Tuesday, we find the 10-year yielding
2.34% and agency MBS prices better by .125 versus last night's close.
No comments:
Post a Comment