FHFA Request For Input on the Enterprises’ Single-Family Pricing Framework
An opportunity to advocate for eMortgages presented itself in May when the FHFA issued a Request for Input (RFI) on the Enterprises’ Single-Family Pricing Framework and how it can enhance FHFA’s ability to ensure that the Enterprises fulfill their mission. We saw the connection of this RFI to eMortgages and moved to coordinate a collective industry response.
On August 14th we submitted a response urging the FHFA and the Enterprises to continue to lead the market on eMortgage innovation and incentivize their adoption by reducing the upfront and/or ongoing guarantee fees for loans originated and delivered to the Enterprises as eMortgages.
With many of you supporting as co-signers our RFI response laid out the rationale for why widespread eMortgage adoption would help the Enterprises reduce their risk profile and capital requirements, and advance their mission- related goals, specifically in the areas of affordable housing, market liquidity, process efficiency, innovation, and environmental, social, and governance (ESG).
My hope is that at a minimum this collective industry response will lead to greater dialogue and out-of-the box thinking for how we can accelerate digital transformation within our industry for the benefit of all. Thank you for coming along side us and continuing to advocate for eMortgages
Please see the following link to view the submission:
Startup Stavvy Acquires Mortgage Servicing Rival Brace
Stavvy, a fintech company specializing in digital and remote collaboration for lending and real estate companies, and Brace, a digital mortgage servicing platform will offer a collective solution that empowers homeowners with self-service capabilities encompassing every critical stage of default servicing.
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INDUSTRY COMMENTARY AND EDUCATION
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Time to Double Down on the Consumer Experience.
Matthew Woodhouse from ServiceLink discusses the importance of enhancing the borrower experience through technology, transparency, and education through the lens of their 2023 ServiceLink State of Homebuying Report (SOHBR).
Falcon CDFI Practice
On July 27, 2023, our CDFI Advisory practice offered a webinar entitled, “CDFI 101 for Non-Bank Mortgage Lenders.” The presentation reviewed current and expected rules and regulations that govern the space and offered important considerations for anyone in the mortgage industry looking to learn more about the CDFI model. To learn more and view the presentation, click here.
CDFIs. FCA will help you prepare your CDFI Certification Application and provide everything you need to get your CDFI off the ground, from navigating the regulatory process, to setting up your lending platform with tools and best practices. For those seeking to do business with CDFIs, we vet candidates and advise on best practices.
- Manage the CDFI Certification Process
- Provide a federal compliance cloud-based compliance system
- Develop lending policies
- Advise on mortgage lending
- Perform risk analysis of CDFI relationships for banks, investors, and donors
- Advise on the FHLB membership process
Contact Jim Voth at [email protected] to learn more.
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MERS® Annual Report & Third-Party Review Process. Learn how to remain compliant with MERS® System requirements with Falcon experts.
September 7th, at 3pm ET.
Have an eMortgage-related news item you want to share? Want to make sure you and your team are on our distribution list? Have a question about Falcon’s digital mortgage advisory services? Send us a note at [email protected]