Page 2 - Processor Edge News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Do we have an 8-year memory in an industry with 10-year business cycles? Bridging the gap between affordability, qualifying with a low income, and rising house prices are not issues confined to the United States. A new company and product out of London (Habito) claims to do all that, and is offering medical professionals and public servants a break. We don’t need to slide down the credit curve at the same time investors want higher yielding assets, as that didn’t work out so well in 2006-2008. Switching gears, New York’s Westminster Dog Show is the latest COVID variant cas...

If you are a VA lender, or service servicemembers’ loans, you don’t want to be singled out by the Department of Justice or the CFPB. And the two of them sent out letters yesterday with one of the letters specifically addressing mortgage servicers regarding military borrowers who have already exited or will be exiting COVID-19 mortgage forbearance programs. How ‘bout adding a Twinkie as a stocking stuffer this year? The rise and fall of Twinkies is an interesting business study. Perhaps another interesting business study is Truebill. One doesn&r...

"Stare and compare" work performed by human mortgage loan processors is not only inefficient, but can introduce errors and inaccuracies.