Broker, UAD 3.6, Property Tax, MISMO President's Observations; BSI's Larry Goldstone Interview

Here at the ACUMA event in Las Vegas, credit unions are definitely on the march for market share in a decreasing residential volume environment, given their place in the consumer’s financial landscape (“food chain”). Some of the conversation is focused on “builder biz.” Builders have been using capital to temporarily buy down rates or offer 30-year rates permanently 1 percent below prevailing market rates… they don’t want to cut prices and de-value other properties in the same subdivision as recent sales. Along those lines, Lennar delivered a sobering report, not only about missing earning estimates, but also the general residential industry. (Today’s podcast can be found here. This week’s ‘casts are sponsored by Spring EQ, the home equity experts. See why Spring EQ is the clear choice in home equity, helping over 150,000 homeowners access almost $15 billion in equity. Today’s has an interview with BSI's Larry Goldstone on the servicing landscape, industry consolidation, and lessons learned from previous market cycles.) Broker and Lender Products, Software, and Services Affordability pressure doesn't disappear when the loan closes. It comes back later as repurchase risk. Your borrowers are stretched, leaving less room for errors in the file. Truework, a Checkr company, verifies income, employment, and assets before you close, replacing error-prone processes with fast, automated reports pulled directly from sources. Lenders see up to 50 percent cost savings on verifications, with faster turn times and higher accuracy. Learn more.