TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1148776
MNOTES Changing With the Times T ime stops for no one—not even the mortgage industry. Technological advancements are happening by the day, companies are creating new ways to automate processes, and the government is looking to reform housing finance. The August edition of MReport peels back the curtain on how the industry is changing, and how that could impact those that work in it. Our cover story, "Reaching Underserved Borrowers," brings to light the history and evolution of non-QM lending, and the challenges and opportunities offered by this space. Although it is a small section of the origination market, this segment has grown in recent years. What does the future hold for non-QM? Next up, Brian O'Reilly, Managing Director and Head of the SitusAMC Advisory and Consulting business, provides his insights on how regulators can remain one step ahead of congressional action and the potential removal of the GSEs from conservatorship in his article, "10 Steps to Housing Finance Reform." In "Do We Have Your Attention," John Cabell, Director in the Wealth & Lending Intelligence practice at J.D. Power, examines how the growth of fintechs and HELOCs is impacting the marketplace, and ways lenders can capture the attention of potential borrowers. "A Different Perspective" finds Brian Yoho of Schneiderman & Sherman, P.C delving into how requirements passed in the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 are still impacting the GSEs today, and what their plans are to deal with it. Finally, in "The Edge of Innovation," MReport discusses the future of the mortgage industry, getting insights from industry leaders on how technology is shifting the landscape. From AI to machine learning, here's how mortgage is moving forward. It is a new world for the mortgage industry and for the professionals who work within it. How will these changes shape the industry in the months and years ahead? Follow the progress and evolution of our industry in the August edition of MReport.. David Wharton Managing Editor © 2011 First American Financial Corporation and/or its affiliates. All rights reserved. YOUR business is OUR business! First American Mortgage Services is laser focused on mitigating YOUR cost, risk and exposure by aligning our advanced solutions with YOUR strategic objectives and compliance needs. We are the New First American, over 120 years young, strong and financially secure. Insight | Innovation | Integrity First American Title Insurance Company and First American Mortgage Services make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. FIRST AMERICAN and FIRST AMERICAN TITLE are trademarks owned by First American Financial Corporation. 2 | Th e M Rep o RT Publisher Jon Ball contributing editor Abby Gregory online editor theMrePort.coM Ryan Schuette coPy editors Alison Rich emily White Youree heather hill contributors phil Britt Bob Calandra eric Fox Jack Konyk Mark Lieberman creative director Jason Stone art director Jonathan Won associate art directors Bruce Sons Chanyanont Loha-Unchit design director Sean Walker advertising Dina Duncan (214.525.6740) Jason Myers (214.525.6760) Andi Zimmerman (214.525.6724) technology Toby Tull Brandon Shangraw social Media Leon McKenzie Ani Vera circulation/corresPondence Celina Avila corPorate officers chairMan & chief creative officer chief executive officer Mark hulme edward R. Delgado business develoPMent Andi Zimmerman chief financial officer John harrison director of huMan resources ernest Gillespie director of oPerations Toby Tull account executives senior account executive Donna Lott (214.525.6792) sPonsorshiPs Jason Myers (214.525.6760) account executives Renee Charles (214.525.6742) Thomas Griffin (214.525.6754) Kristin Larson (214.525.6713) Ryan McLemore (214.525.6706) Marketing Travis Bogdon Matt hulme Production Kyle Curtis Miguel Martinez Christian McCrossan concierge Celina Avila art direction Jason Stone Sean Walker Jonathan Won No part of this publication may be reproduced without written permission from the publisher. ©2011 Reo publishing LLC All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. MReport strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. MReport does not guarantee the accuracy of the information and is not liable for any damages, losses, or other detriment that may result from the use of these materials. FORDEFAULTSERVICINGPROFESSIONALS THEFIVESTARINSTITUTE Follow us. 2 | TH E M R EP O RT EDITOR-IN-CHIEF Rachel Williams MANAGING EDITOR David Wharton ONLINE CONTRIBUTORS Mike Albanese, Radihika Ojha, Seth Wellborn COPY EDITOR Brandy Scott CONTRIBUTORS Brian O'Reilly John Cabell Brian Yoho Radhika Ojha CREATIVE DIRECTOR Jason Stone ART DIRECTOR Jonathon Won DESIGN DIRECTOR Sean Walker ADVERTISING Suzanne Andresen (207.443.3314) Kevin McCrea (214.525.6756) 2019 EDITORIAL ADVISORY BOARD Danielle Hale, Chief Economist, Realtor.com ® ; Ken Markison, Of Counsel, Weiner Brodsky Kider PC; Alex McGillis, Director of Product Development, Quicken Loans Erik Schmitt, Managing Director of Origination Division, Chase Home Lending; Rocky Stubbs, SVP, Head of Direct Lending, Flagstar Bank Corporate Officers CHAIRMAN & CHIEF CREATIVE OFFICER Mark Hulme PRESIDENT & CHIEF EXECUTIVE OFFICER Ed Delgado CHIEF FINANCIAL OFFICER Dirk Hobgood ACCOUNTING AND HUMAN RESOURCES MANAGER Jake Davis ART DIRECTION Jordan Funderburk, Jason Stone, Sean Walker, Jonathon Won PROFESSIONAL ASSOCIATIONS FORCE: Annie Collier (214.525.6740) Legal League 100: Lindsay Wolf (214.525.6786) American Mortgage Diversity Council, National Mortgage Servicing Association, Property Preservation Executive Forum: Derek Templeton (214.525.6757) No part of this publication may be reproduced without written permission from the publisher. ©2019 REO Publishing LLC All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. MReport strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. MReport does not guarantee the accuracy of the information and is not liable for any damages, losses, or other detriment that may result from the use of these materials.