Skinner replaces Ron Stroble, who recently retired from the Portland-headquartered bank after leading its home lending division for more than 15 years. Skinner has been with the bank for six years and most recently led its home lending division teams responsible for secondary marketing, accounting, product development, pricing, systems and operations. Prior to joining Umpqua, Skinner was first vice president of capital markets for HomeStreet Bank and also led the mortgage capital markets and interest rate management functions at USAA. He is based in Umpqua's Seattle-area mortgage operations center.Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place
Fannie Mae’s artificial intelligence and machine-learning governance requirements take effect Thursday, Aug. 6, giving approved seller/servicers a final deadline to formalize how the technology is used across mortgage origination and servicing.The requirements apply when a s...
Pending sales fell to their lowest level since early April, but lower asking prices and reduced competition give originators more options to structure deals for qualified borrowers
Higher mortgage rates are thinning the purchase pipeline, even as lower asking prices and reduced competition give borrowers still in the market more leverage.Seasonally adjusted U.S. pending home sales totaled 322,739 during the four weeks ending July 26, their lowest level...
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