“Affordable” means many things. There are residential lending industry jokes about making a loan on anything with axles or a license plate. (Like “don’t.”) Being “permanently affixed” is usually in the underwriting guidelines, which makes this story about someone having their driveway stolen very interesting. (In this clip a builder explains how the scam works.) There are plenty of trends in the builder world, one of which is “build for rent.” Instead of just having a house here or there, BFR homes are clustered together and form a community, much like an apartment community, and with many of the same amenities, essentially an apartment building as a defined community. This new “asset class” even has its own conference. The category is usually not a good thing for IMBs or small banks or credit unions. (Today’s podcast can be found here, and this week’s is sponsored by the STRATMOR Group, the data-driven mortgage advisory. At STRATMOR, insights and knowledge are applied to guide mortgage clients to make sound strategic decisions and take actions that improve their success. Hear an interview with STRATMOR Group’s Mike Seminari on data behind customer experience and how companies can take steps to improve referrals today.) Broker and Lender Programs and Software Happy New Year from TENA Companies, Inc.! Do you have a plan set for your Mortgage Origination Quality Control and Servicing Quality Control in 2024? The market continues to evolve, influenced by moving interest rates, changing regulations, and tech advances. There is no better time to strengthen your organization’s QC program. Ongoing regulatory developments from the CFPB, Fannie Mae, Freddie Mac, FHA and others underscore the need for a robust Quality Control framework that is able to react quickly to change. Don’t delay in formulating your Quality Control plan for 2024! Connect with TENA today to implement a strategy that addresses the nuances of today’s mortgage landscape. TENA’s highly-skilled and experienced auditors undergo continuous training to ensure they are well-versed in the latest industry and regulatory changes. TENA Companies, Inc. is here to help guide your firm’s QC program to success in 2024!