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Weekly Roundup: Nov. 3, 2017

Posted by Jenn Theone on November 03 2017

The latest from the mortgage lending world, rounded up and delivered weekly.

November 3, 2017

  • LoanDepot is not your average lender. They have a proprietay end-to-end digital lending platform, mello, that has now just integrated Fannie Mae's, Day 1 Certainty, into its application process. I don't think LoanDepot is worried about recruitment...
  • Two mortgage industry vets, Molly Dowdy & Jeri Yoshida, co-founded the only mortgage tech conference for women, NEXT, coming January 18 & 19. "It's definitely not your father's mortgage conference."
  • President Trump has announced his nomination of Jerome Powell as the next chairman of the Federal Reserve. That's a huge responsibility and it's not remotely suprising that some think the nomination is a good choice, while others don't
  • As lenders and vendors have been piecing together a provisional digital mortgage, Fannie Mae rolls in to make a statement. Fannie Mae believes it is now technically possible to be a fully tech-driven industry: to fully digitize the mortgage process. What'll it take? 2 years? 5 years?
  • From Ken's most recent Wednesday Update we learned that the FHFA has decided to add a preferred language question to the Uniform Residential Loan Application (URLA). While the form still discloses that the process will likely occur in English, the new requirement lays the bricks to better serve limited English proficient (LEP) borrowers.

Weekly Roundup

Tags: digital mortgage, Fannie Mae, low English proficient (LEP), FHFA, NEXT Conference, mello, LoanDepot, President Trump, Federal Reserve, URLA, Day 1 Certainty


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