Home / Media / DS News Webcast: Tuesday 8/10/2015
Print This Post Print This Post

DS News Webcast: Tuesday 8/10/2015

The lack of fundamental changes to the origination process over decades has resulted in lost efficiency, increasing costs and decreasing profits, and ever-merging regulatory hurdles. Those factors have left a gap in the mortgage industry to be filled by disruptors, according to a white paper released on Monday by the Collingwood Group titled "The Mortgage Industry is Ripe for Disruption." Disruptors are innovators creating new business models to better serve the industry.

The new innovators describe themselves as technology companies providing business solutions from the customer's point of view, as opposed to incumbent lenders who view themselves as mortgage companies who use technology as a business requirement. Two examples of emerging innovators in the mortgage industry that are building new platforms to meet demand for home loans and other forms of consumer debt are crowdfunders and marketplace lenders.

Online real estate marketplace Auction.com has revised its July Real Estate Nowcast downward. According to the report released Monday, existing-home sales in July are now projected to fall between seasonally adjusted annual rates of 5.39 and 5.75 million annual sales with a targeted number of 5.57 million. Although this is an increase of 1 point 4 percent from June, it is a more modest increase than the Nowcast had previously predicted for July.

About Author: Jordan Funderburk

x

Check Also

REO Agents to Share Some Scares

An upcoming webinar presented by Five Star’s FORCE group will explore a number of horror stories told by experienced REO agents, and the lessons learned from these perilous tales.