TheMReport — News and strategies for the evolving mortgage marketplace.
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MNOTES Traversing the New Landscape of Mortgage Banking A s mortgage professionals tread into the new landscape of the mortgage market with altered topography and roadways paved by changing regulations and a different mindset among both professionals and consumers; mortgage firms must find the right vehicle to traverse this new territory. The market turns to technology providers seeking vehicles with sleek elegant solutions to new processes, enhanced speed to meet market demands, and updated styling to meet all the new regulatory demands. Just as regulators place strong demands on mortgage firms, those firms in turn place strong demands on technology service providers; and tech firms are rising up to meet new expectations. In "Star Tech," Brian A. Lee sums up the new challenges facing the tech - nology sector—and the industry as a whole—amid the demands to grow "bigger, better, faster." While technology firms are rising to the challenge, integra - tion will be key moving forward. With all the rushing to meet new regulatory demands, it may be time for a glass of water, and we're hoping your glass is at least half full. At least it is for Ron Terwilliger, Chairman Emeritus of Trammell Crow Residential and Founder and Chairman of the J. Ronald Terwilliger Foundation for Housing America's Families. In "Seeing the Glass Half Full," Terwilliger explains a change to the cher - ished mortgage interest deduction could actually stand to benefit the industry—if the industry can rally together and con- vince the government to relegate the sav- ings to promote first-time homeownership and affordable rental housing. Change is always difficult, especially when it comes with a financial burden. However, in "No Need to Break the Bank," Vincent Spoto, Founding Partner of RRMS Advisors, explains that many technology solutions are far simpler and far less costly than they may first appear. One of the issues top-of-mind for many right now is the impend - ing implementation of the Federal Housing Administration's Electronic Appraisal Delivery portal. In "The 5 Es of a Successful EAD Implementation," Mike Floyd, Chief Appraiser and SVP of Compliance at StreetLinks Lender Solutions, lays out an effective frame - work for lenders and vendors as they navigate the new portal. Next, we take a tour of the mortgage technology sector with our Tech Guide, featuring profiles of top providers. As you shop for the shiny new vehicle to carry you over the bumpy road ahead, use this guide to help you find the right solution for you. From the tiny bumps in the road to the major obstructions and the foggy mornings where you can't quite see what's ahead, we know the industry is prepared to weather any storm and surpass any obstacle. And we know the innovative tech firms within our industry are here to transport us to the future of mortgage banking with elegant, intuitive solutions. All the best, Rachel Williams Editor 2 | TH E M R EP O RT EDITOR-IN-CHIEF Rachel Williams ONLINE EDITOR Xhevrije West ONLINE CONTRIBUTORS Brian Honea Scott Morgan Ryan Schuette Aly Yale COPY EDITORS Krista Franks Brock Alison Rich Aly Yale CONTRIBUTORS Mike Floyd Brian A. Lee Vincent Spoto Ron Terwilliger CREATIVE DIRECTOR Jason Stone ART DIRECTOR Jonathon Won DESIGN DIRECTOR Sean Walker ADVERTISING Suzanne Andresen (207.443.3314) Robyn Clayton (214.525.6716) Kevin McCrea (214.525.6756) Jason Myers (214.525.6760) Lindsay Wolf (214.525.6713) CORPORATE OFFICERS CHAIRMAN & CHIEF CREATIVE OFFICER Mark Hulme PRESIDENT & CHIEF EXECUTIVE OFFICER Ed Delgado CHIEF FINANCIAL OFFICER John Harrison DIRECTOR OF HR/ACCOUNTING Ernest Gillespie ART DIRECTION Jason Stone Sean Walker Jonathon Won No part of this publication may be reproduced without written permission from the publisher. ©2016 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. © 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.