Featured Articles

Featured Industry Leader: Rob Arthur, President, Virginia Mortgage Lenders Association
falseRob Arthur is president of the Virginia Mortgage Lenders Association (VMLA). National Mortgage Professional Magazine recently spoke with him regarding his work with the state’s trade group. How did you become involved with the... Read more
E-Sign Act Disclosures
Question: We originate loans almost exclusively through E-Sign procedures. Recently, we were cited for not providing proper disclosure to consumers regarding our E-Sign policies. What are the proper disclosures that we must provide... Read more
Lykken on Leadership: Six Questions to Help You Clarify Your Purpose
At the end of the day, all we want to know is how to succeed. We want to know how to meet our sales goals, how to exceed our investors' expectations, and how to gain more market share over the competition. Since this is inevitably the end... Read more
The Challenge With Change
How many things do we have at our disposal today that would have seemed absolutely preposterous if they had been described to us 10, 15 or 20 years ago? Walkie-talkies were once a big deal, but today we can call anywhere in the world,... Read more
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