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FEATURE adaptations, we utilize our compliance team to ensure that we're abreast of not only what's happening now in terms of policy changes, but also what's ahead near- and long-term. Drifts & Shifts Underscoring Capitol Hill's influence on the housing and mortgage industries, Mackey elaborated on the opportunities and headwinds facing the marketplace during the next 12 months. Mackey // For one, the presidential election results have cemented the Consumer Financial Protection Bureau's longevity, so we know it isn't going to go away anytime soon. One of our primary observations when working with clients is their need to know that they are kept in compliance with housing policy decisions, coupled with their desire to meet new requirements with little or no headache on their end—and without having to completely overhaul or even minimally alter s e c on da r y m a r k e t a na ly t ic s Se r v ic i ng Or ig i nat ion SERVICING their processes. Ideally, when unpredictable marketplace? Based on Let's Play Risk regulations change, lenders want Mackey's experience, flexibility and their processes to remain the adaptability are the key differenceEvaluating the risk-management tools same, and they want the adaptamakers for businesses that continue to that are successful now, and examintions resulting from the alterations ing emerging technology developments thrive. to occur behind the scenes. In the that will impact the industry, Mackey coming year, I think these tenden- pointed to customized solutions. Mackey // It is difficult to cies will lead to greater reliance know exactly what changes Mackey // This year, IDS will on third-party vendors for everythe industry will experience be introducing tools designed to thing from training to support to over the next several years; proactively identify potential risk customer service. Now more than however, one thing is sure: We concerns, enhancing protections ever, collaborative business relacan count on more changes. As throughout the loan process. tionships and robust partnerships a leader, I need everyone on Through these initiatives, our are of paramount importance. my team to be aware of those clients will be able to track their Meanwhile, companies are alterations in order to stay one data to MReport! likely to face challenges insubscriptionhistory and data changes, step ahead for the benefit of Receive a free the making the whole process cleaner next 12 months due to overloaded our clients and partners. Our for lenders. We'll also be adding servicing, legal, and compliance goal is to make sure we're agile departments, and ongoing instabil- to IDS' e-sign, providing for more enough in everything we do, customization when it comes to ity for originators will continue so that we can proceed with forms and e-sign features, and to put For more all lenders, pressure on information on your free subscription, contact Jason Myers at 214.525.6700 implementation in a seamless, we recently with some feeling the strain more non-disruptive way. Jason.Myers@TheFiveStar.com. added the 4506-T to be e-signed, meeting all the IRS than others. I think the strongest Staying flexible isn't difficult requirements, while finishing our headwinds will come from costly when flexibility is built into a lights-out interface, which offers needs associated with meeting business' processes and products. flexibility for LOS integrations. regulatory burdens. Overall, I believe that 2013 will be about lawmakers in Washington have enhancing that flexibility so yet to prove that they can work that we, as an industry, are Built To Bend together, and until they do, we prepared to jump onto a moving will not see significant changes on train—or endure a hard hit while How are executives ensuring their the horizon. company remains resilient in an remaining on the tracks. news and strategies for the evolving mortgage market themreport.com january 2013 On Your Side: Mortgage Banking News, Done Better theMReport.com Originations | Servicing | Analytics | Secondary Market As the industry becomes A bAttleground in cApitol hill's turf wAr, how will pArtisAn politics, presidentiAl pressure, And persistent policy struggles influence the mArket in 2013? 37 47 57 origination 54 | servicing analytics Policy and Prophesies: Will More Regulation Boost Profits? new data demonstrates that industry standardization could lead to healthier revenue growth. Blueprinting Appraisal Reform. Why marshaling the right allies, approach, and strategic accountability measures are crucial catalysts to establishing effective housing policy. The Real Deal: Lending's Long-Term Outlook. Will the mortgage and housing industries stay on track for recovery, and how is the marketplace preparing for what's now and what's next? The M Report 71 secondary market The Wealth Effect. Forecasts resulting from the Fed's recent Flow of Funds report hinge on perception becoming reality for today's consumers. Experts you trust. People you know. News you want. MReport brings today's housing finance headlines into focus. You know mortgage banking, and we know you, which is why you can count on MReport to provide insight into the latest industry innovations. Committed to giving originators, servicers, and all lending professionals access to smarter perspectives, MReport believes it's time to think differently about the mortgage marketplace. Because the American Dream is evolving . . . are you? Subscribe now! Call 800.856.8060 or connect with us online at TheMReport.com. or