Sep. 14: Verification, Non-QM, Processing, Agentic AI Tools; LOs as Financial Strategists; Equity Study

Yes, the college game was amazing Saturday night here in Austin, but there’s also IMN’s HELOCs & Second Liens event. The markets know that it is a hot topic. Do “the markets” care about a $40 trillion U.S. deficit? Yes. Does any politician seem able to curb spending, or be elected to do it? Not really, and in fact over the weekend, House Speaker Johnson seems to have shifted other national priorities aside in favor of President Trump’s proposal to pay every adult $5,000 if the GOP proves victorious in November, at a cost of $1 trillion. “Rob, I’ve heard from politicians that the U.S. consumer is in great shape. Given my borrowers come from this pool, have you seen any credit card stats lately?” Yes: the Federal Reserve calculates that revolving debt is at an all-time high which can have a positive impact on lenders offering certain products. (More on debt and equity below.) For something else that impacts lenders, this Thursday at 1PM ET is Chrisman Demo Day: watch, for no charge, a loan move through the mortgage lifecycle… verification, POS, LOS, U/W & decisioning, secondary, the customer experience, and recapture offerings. Featuring live demos from Truework, MortgageFlex, nCino, Gateless, Agile Trading Technologies, TrustEngine, FirstClose, and Milo… Eight companies, 10 minutes each, one connected pipeline, free for viewers. (Today’s podcast can be found here. This week’s ‘casts are sponsored by FirstClose, which provides fintech solutions to HELOC and mortgage lenders nationwide. Their home equity lending platform accelerates the home equity lending process, reducing application-to-closing times from 45 days to less than ten. Today’s has an interview with mLoop’s Ellen Duncan on how data and AI can modernize LO–lender matching and what lenders must do to attract top producers.)