Non-Agency Execution, Processing, UAD 3.6, Servicing, VA Loss Mit Products; Credit Pilot Webinar

“My friend is an EMT, and she's amazing on trivia night. She's usually the first responder.” The United States is full of trivia. Did you know that part of Florida is in the Central Time Zone? (Fourteen states are in more than one time zone!) Do you know what Brad Pitt, Tom Cruise, Kenau Reeves, and Michelle Pfeiffer have in common? They all can qualify for a HECM (aka, reverse mortgage)! Last time I checked, about 10k people a day turn 62; if you don’t have a HECM division, or a HECM product, your company should consider one. What isn’t so trivial are volumes in our biz, both in dollars and in units. KBW’s Bose George expects mortgage origination volume in 3Q to be down around 10 percent Q/Q. (Currently, the MBA is forecasting 3Q down 8 percent, Fannie Mae is forecasting -7 percent, and agency securitization volume was down 9.3 percent.) “We expect gain-on-sale margins to be flat to down modestly. However, sharp increases in rates can make pipeline hedging more challenging as fallout can come in lower than expected. We are reducing our estimates for the mortgage originators to incorporate these trends, and our forward estimates are also declining to reflect industry volume estimates for 2027.” Buckle up! (Today’s podcast can be found here. This week’s ‘casts are presented by Floify, the mortgage industry’s leading point-of-sale platform. Dynamic Apps, which can be seen at booth 600 during MBA Annual next week, lets lenders create fully customizable loan applications for any loan type, including HELOCs, construction, agricultural lending, non-QM and more, without custom development. Today’s has an interview with Gather Markets’ Wayne Brown on recurring challenges for banks and originators in finding, matching, and efficiently processing CRA-eligible loans, leading to Gather’s focus on using data, technology, and compliance infrastructure to connect the right loans with the right bank buyers.)