Featured Articles

Online Loan Trading: The Time for Standardization Is Now
Does anyone remember the ‘dot-bombs’ from the late 1990s and early 2000s? CEOs right out of college with an MBA in their hand offered to revolutionize mortgage loan origination processes only to see their bubbles burst not long after the... Read more
The Impact of Mortgage Denials: Why Mortgage Denials Are Everyone’s Problem
Mortgage denials aren’t just a problem for homebuyers. When mortgage denials are up the entire mortgage industry stands to lose. Every time a consumer is denied a mortgage loan, it sets off a chain of events that impacts all of us. The... Read more
The delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 5.18 percent this month
The Basics of Commercial Mortgage Underwriting
As a commercial mortgage underwriter, broker and lender with more than 30 years of experience, I am constantly asked by residential lenders and brokers to explain the mechanics of commercial mortgage underwriting. Residential lenders are... Read more
Prepare for Unconventional Conventional Lending
Conventional lending covers a wide swath of the residential mortgage industry, as it includes both fixed-rate and adjustable-rate mortgages, conforming and non-conforming loans and nearly everything else that isn’t guaranteed by the U.S.... Read more
New Partnerships Post Dodd-Frank—Third-Party Mortgage Origination
The mortgage lending environment has changed dramatically since the introduction of the Dodd-Frank Wall Street Reform and the Consumer Protection Act in 2010. Add in “Know Before You Owe” (also known as TRID) to the mix and you have a... Read more
Carpe Diem: How Digital Origination Strategies Can Support the Broker-to-Banker Transition
For brokers looking to make the transition into mortgage banking, the timing couldn’t be better. Depository lenders are increasingly giving up market share to non-bank mortgage lenders, and with the current rate environment, non-bank... Read more
Planning Ahead for the Impacts and Risks of HMDA
The CFPB’s Home Mortgage Disclosure Act (HMDA) changes mandate that new or modified data points be collected during the residential mortgage loan origination process, and require more frequent reporting than many lenders have had to do in... Read more
Two Key Solutions Will Create a New Market Opportunity for Wholesale Lenders
With just two strategic modifications to their processes, wholesale lenders have the potential to unlock a vast new market opportunity. The key lies in strategic abandonment and innovation: Lenders must leave behind processes that hold... Read more
Reverse Occupancy
Question: As a result of an internal audit, we just found out about two reverse occupancies. It turns out that our investors were already aware of this happening and were about to send us repurchase requests. We received the repurchase... Read more
Lykken on Leadership: How to Build an Unstoppable Leadership Team
Great leadership is often the deciding factor in whether an organization achieves extraordinary success or miserable failure. But all too often when we think of leadership, we hold too narrow a definition of what we mean. We may know the... Read more