Ops, MLO Jobs; Cap. Mkts., Valuation, Default, Fulfillment Tools; Technology and Processing Notes Feb 25 2021, 8:03AM
As hope for a recovery drawing nearer helps push rates higher, Carol K. writes, “I hate it when people ask me what I do for fun because there is no classy way to say, ‘Binge drink.’” The approaching 1003 form mandatory changes may cause some people to turn to drink… Is it going to “March Madness” at your shop with the new URLA? (The commentary has plenty of URLA and processing notes below.) Plenty of lenders who are “farther along technology curves” than others seem to be hiring lots of developers to accommodate change like incorporating a new application. But AEs and MLOs need to be aware of and use digital tools that they already have. DU and LP, for example, are great tools and in nearly every lender. Heck, I hear a lot about senior management reminding staff about the benefits of correctly filling out forms: it is im
Date
16/02/2021
Almost half of respondents to the monthly Acuiti Derivatives Insight survey have backed a ban on payment for order flow in the US markets with 29% saying it should not be banned.
The practice of Payment for Order Flow has come under scrutiny over the past month as the business operations of retail trading platforms has come under scrutiny in the wake of the GameStop trading phenomenon.
The Acuiti survey of senior executives from across the global derivatives market found that 49% backed a ban with 29% opposed and the remainder unsure.
In the same survey, just 16% of respondents said they thought that the increased trading activity by retail traders in certain stocks and derivatives instruments that hit international headlines last month posed a significant systemic threat to the wider market. 42% thought it posed a “slight threat”.