Broker, Correspondent, Subservicer Oversight Tools; IMB Cost $11k Per Loan; STRATMOR Survey

The FHFA announced that Fannie and Freddie will remove ‘certain’ homeowners insurance requirements which may reduce costs. But what are people saying about where their industry-facing priorities are? Both are focused on leveraging technology and reminding lenders of their existing products. For example, Fannie offers a construction to perm program, as does Freddie Mac, and has “MH Advantage” for manufactured homes; Freddie has something similar. Both have the problem of educating the market about their products. Undisclosed debt and occupancy fraud are still issues, and appraisal automation and moving to UAD 3.6 are big deals. Both have very good ARM prices for the first time in a business cycle… ever? Certainly our industry goes through business cycles, and on today’s The Big Picture at 3PM ET Bill Cosgrove, CEO of Union Home Mortgage, discusses leadership through changing market cycles, maintaining discipline, managing margins, and positioning lenders to stay competitive as the market evolves. (Today’s podcast can be found here and this week’s ‘casts are sponsored by Ocrolus. Ocrolus is transforming the mortgage industry with AI-powered data and analytics, featuring cutting-edge tools for automated indexing, income analysis, and now automated conditioning. Ocrolus helps mortgage teams move at the speed of automation with the precision of human oversight. Hear an interview with Storable’s Holly Fiorello on how mortgage rate "lock-in" is reshaping housing mobility, borrower expectations, workforce relocation, and the future of homeownership, while examining whether new lending products could unlock significant pent-up housing demand.)