News, Events, & Blogs
Lenders, if you think the GSEs are your only viable outlet for the sale of eNotes...think again. This was the key takeaway from the "eNote Outlets Beyond the GSEs" panel at the recent MISMO Winter Summit. The panel, moderated by our Senior Manager, Tim Renner, featured Lynne Chandler of Ginnie Mae, Mike May of FHLB Pittsburgh, Brian Pannell of DocMagic, and Leah Price of Figure Lending/DART. Among the topics discussed by the panelists was the tremendous growth over the past 2 -3 years of the eNote landscape.
What a year! We started relatively strong, coming off the best year ever in terms of originations. But as we all know, interest rates doubled over the course of the year causing a precipitous drop in volume, which in turn stalled the real estate market.
Well, RON is back in the news again. Over the summer things were looking good for the SECURE Act when it passed in the House of Representatives. However, this important federal legislation has now hit a roadblock in the Senate, following opposition from California's senators who believe RON closings are less secure and have a higher potential for fraud. Fortunately, there is widespread adoption of RON at the state level. We’re not there yet, but we are inching closer to a federal law.
Jim Voth leads the Digital Mortgage practice at Falcon Capital Advisors, Washington, D.C., where he manages digital transformation engagements for GSE, government, and banking clients. He can be reached at [email protected]. Q: Conventional wisdom is that digital mortgages thrive in a refinance environment, and less so in a purchase market. Is this in fact the […]
Not sure what's next on your company's digital transformation journey? Need strategic counsel on your company's ESG policies? Looking for insight and strategy into business process reengineering? Swoop on by the Bird's Nest Lounge aka the Presidential Suite of the Home2 Suites Monday (10/24) & Tuesday (10/25) at MBA Annual and meet with Falcon's team of strategic business and digital mortgage advisors.
Earlier this month, our team attended the MISMO Fall Summit in D.C. Since it was held in D.C., government and agency attendance was high and the overall attendance was strong. The event kicked off with Ginnie Mae's President Alanna McCargo's opening address that discussed the agency's modernization, ESG and housing affordability efforts.