Does innovation in lending always means building something new? MISMO’s President Brian Vieaux challenges that familiar assumption, instead, he argues that some of the industry's greatest opportunities lie in eliminating outdated processes that add friction without adding value. Read why the future of mortgage may depend as much on what the industry chooses to let go of as on what it chooses to build next. This kind of forward thinking leads directly to strategy, and tomorrow, Rick Scherer, CMB, Chief Strategy Officer at NewFed Mortgage Corp., sponsored by Lenders One, discusses this kind of thinking on Mortgage Matters at 11AM PT. (Today’s podcast can be found here. This week’s ‘casts are sponsored by Experian Verify, providing mortgage lenders with automated income, employment, identity, and asset verification solutions that help accelerate underwriting while reducing fraud risk and manual documentation. Today’s has an interview with PMSI’s John Walsh on the mortgage investor reporting and accounting space.) Lender and Broker Software, Products, and Services “NMBNOW®, a recognized innovator in Non‑QM lending, is expanding into the wholesale lending market to give brokers the same dedicated, individualized service that fuels our retail success. Benefit from concierge support for scenarios, pricing, and underwriting—delivering fast decisions and tailored solutions for complex borrowers. Close more loans with flexible Non‑QM guidelines, seasoned underwriting, fast turn times, and competitive pricing. We handle diverse files, from DSCR, alt‑doc, and full‑doc loans (including those with recent housing or credit events) to ITIN borrowers and foreign nationals. Learn more and get approved. Contact: Joe Villani, EVP, TPO Lending.”
Another Slightly Stronger Start
Once again, bond yields dropped in the overnight session in concert with lower oil prices. Today’s iteration is less swift than yesterday’s, but after last week’s sell-off, we’ll take any green we can get. Econ data is light and inconsequential. The 7y…