Falcon Digital Mortgage March 2024 Newsletter

Welcome to the latest edition of the Falcon Digital Mortgage View. This month we spotlight recent movement in the digital mortgage technology space, federal housing agencies partnering with MISMO on a new standardization initiative, and insights from Forbes on AI technology’s impact on mortgage lending.

A quick reminder that it’s time for servicers to start thinking about their MERS® Annual Report. See how Falcon can help in this month’s Falcon at 50,000 Feet

 

Vendor News

American Financial Network selects Snapdocs as its eClosing and eVault solution vendor.

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FirstClose Equity integrates with The Closing Exchange’s Notary and E-Signing Service.

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MISMO establishes new development work group dedicated to creating a servicing data standard for federal housing agency loans.

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Industry Commentary and Education

Forbes explores how AI technology is reshaping the future of mortgage lending.

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MERS Annual Report

March 31st is just a few days away. If on that date your organization is named the servicer of 1,000 or more MERS-registered loans you will need a third-party reviewer for your MERS® Annual Report.

Falcon Capital Advisors provides best-in-class service as a third-party reviewer. Only Falcon’s review team consists of former members of the MERS legal, operations, membership, and compliance departments. We have unmatched experience and expertise developing, enforcing, and reviewing requirements covered by the MERS® Annual Report

Contact Falcon today ([email protected]) and take your organization’s MERS compliance soaring to new heights.

Industry Conferences and Webinars

HousingWire Virtual Demo Day I April 9th, 2024

American Mortgage Conference I April 15-17, 2024

Mortgage Innovators Conference I May 8-10, 2024

MBA Secondary & Capital Markets Conference & Expo I May 19-22, 2024

MISMO Spring Summit I June 3-6, 2024

Please contact us if you have an event you would like to be included here.

Explore More

Falcon Digital Mortgage May Newsletter
05/17/2022

Later this month, Ginnie Mae is expected to reopen its Digital Collateral Program, a project that our consulting group has been very involved in over the last two years. To help Issuers and the eMortgage ecosystem get up to speed on the new program, our company is hosting a joint webinar with Ginnie Mae on Thursday, June 2 at 2pm ET.

Falcon Digital Mortgage November Newsletter
11/01/2022

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.

10.26.21 – Update: New Date for HUD-Held Vacant Loan Sale 2022-1 (“HVLS 2022-1”) – Now December 1, 2021.
09/21/2021

The U.S. Department of Housing and Urban Development (“HUD”) has announced an update to the date for the upcoming HUD-Held Vacant Loan Sale (“HVLS 2022-1”). The new date for this sale is now December 1, 2021, which replaces the previous sale date of November 10, 2021.

The sale will consist of due and payable Secretary-Held loans. The loans are first liens secured by 1 to 4-unit, vacant residential properties where the last surviving borrower is deceased. This sale will include increased bidding opportunities for non-profit and state & local government purchasers.

Entities interested in participating can contact the Office of Asset Sales Single Family Transaction Specialist at 1-844-709-0763 or email [email protected] for more information.

For prospective bidders to this sale, please refer to the section on this webpage entitled, For Prospective HUD Asset Sale Bidders, to become a qualified bidder and receive the Bidder Information Package for HVLS 2022-1.