Tag Archives: Mortgage Industry

With no fundamental changes to the origination process in decades, the lost efficiency, increasing costs and decreasing profits, combined with ever-merging regulatory hurdles, have left a gap in the mortgage industry to be filled by "disruptors," who are innovators creating new business models to better serve the industry.

The Newseum in Washington, D.C., provided the backdrop for the Sixth Annual Five Star Government Forum (FSGF) on Wednesday, as government officials and mortgage industry professionals came together to discuss the future of America's housing industry.

In a survey conducted as part of The Collingwood Group's Mortgage Industry Outlook Report for October 2014 released on Monday, the majority of mortgage industry professionals who were surveyed said they did not expect business conditions to be drastically different in the next six months.

New York-based mortgage financial consulting company RRMS Advisors has begun working with clients who want to revive the Private Loan Securitization (PLS) market.

Many housing and mortgage industry professionals believe that the overall outlook for their business in the next six months is "grim," according to the Collingwood Group Mortgage Industry Outlook Report.

Representatives from the U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae convened at the second annual Ginnie Mae Summit on September 22 to discuss initiatives and programs designed to create a healthy housing market.

Two mortgage servicing industry experts speaking on complying in an industry where the laws are constantly changing – and getting tougher – compared keeping up with servicing standards to competing in a rodeo.

Despite growth in mortgage revenues at banks nationwide, industry employment continued to move down in the second quarter as banks cut staff, according to a report from Mortgage Daily. All of the reported cuts in the second quarter happened at banks, which lost approximately 28,600 jobs from the first quarter to the second.

VRM University, the training division of Carrollton, Texas-based VRM Mortgage Services, announced the startup of the VRMU Academy earlier this week.

Birchwood Credit Services recently announced the hiring of John Shea as senior vice president of sales and marketing. Based in North Conway, New Hampshire, Birchwood offer has been offering credit information solutions, including mortgage credit and tenant screening products, and many other professional services to the mortgage industry since the company was founded in 1992. As SVP of sales and marketing, Shea will direct the execution of sales plans and will oversee strategic planning and customer service.