Opinion: Trusting your data is key to taming origination costs
In the first quarter of 2022, the average cost to originate a mortgage for an independent mortgage bank was more than $10,000 per loan.
Source: housingwire.com
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Mortgage leaders break down the benefits of blockchain
The ability to produce a cohesive, visible audit trail is “like nirvana” for lenders, ICE Mortgage Technology Vice President Christopher McEntee said.
Source: nationalmortgagenews.com
MISMO Announces Its 2022 Board Of Directors
The Mortgage Industry Standards Maintenance Organization, or MISMO, has announced its Board of Directors for 2022. According to the Mortgage Bankers Association, which appoints all of MISMO's directors and chairs, the real estate finance industry's standards organization collaborates across the industry to create essential standards that expedite the exchange of information, accelerate the industry's move to a fully digital mortgage process, and establish best practices to address key business challenges
Source: nationalmortgageprofessional.com