TheMReport

MReport May 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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M R EP O RT | 3 M R EP O RT | 3 CO NTE NTS SPECIAL REPORT 11 COVID-19: THE INDUSTRY RESPONDS MReport continues to follow the spread of the virus and its impact on the mortgage industry. FEATURES 16 CLAIMING A SEAT AT THE TABLE The road to the boardroom is not always an easy one for diverse candidates in the mortgage industry. Hear from leaders from within the industry what it took to get there, and what they are doing to pave the way for the next generation of executives. 24 CULTIVATING THE FUTURE Industry leaders are collaborating to show college students of all backgrounds the opportunities that a career in mortgage can provide. 28 EXPERT INSIGHTS Lola Oyewole, head of the American Mortgage Diversity Council 32 MEETING FIRST-TIME BUYERS WHERE THEY LIVE From outreach to affordability to ease of use, anticipating and playing to the needs of millennials and other first-time homebuyers is critical to modern lending success. 36 ESCAPING PAPER AND GOING DIGITAL Here's a quick overview of statutes and mortgage industry efforts to help support the implementation of eClosings. 38 NOW IS THE TIME FOR 'CLOUD-NATIVE' Leveraging cloud-native technology can help provide scalability, cut costs, and tackle other challenges facing lenders— especially during the current health crisis. 41 SHAPING THE FUTURE OF MORTGAGE INDUSTRY The key to ensuring a strong and stable industry tomorrow is learning how to attract young talent today. DEPARTMENTS 4 MTECH New Processes, Partnerships Highlight Technological Advancements 7 MDWELL Where Does Affordability Reign Supreme? 8 MCROWD Who's moving on and who's moving up in the industry.

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