TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/883125
MNOTES W e've got an action-packed issue for you—one that examines the latest regulatory changes, tech trends, and industry insights from mortgage's best and brightest. On the cover, we've got former CFPB Attorney Richard Horn's "TRID 2.0: More Headache Than Help?" A deep dive into the newly amended TILA-RESPA Integrated Disclosure Rule, Horn's piece questions whether the CFPB's revision really achieves its goal: to demystify and clarify its predecessor. We're keeping in that same vein with "What TRID Did: A Mortgage Insurer's Perspective" by Sara Millard. Millard, who serves as General Counsel at Arch Mortgage Insurance, looks at TRID through the lens of our industry's private insurers. Has it helped the market grow? Or have un- necessary compliance burdens held us back? Millard has some insight. On the heels of the Five Star Conference's Military Heroes Keys for Life event, our final story is "Reporting for Duty," a piece that examines how Caliber Home Loans has made serving veterans its primary focus—and exactly what steps the company has taken to do it right. Written by Caliber's own Lauren Abney, it's part one of a two-part series on the company's laser-focused VA lending approach. Next, in "Show Them the Money," Fifth Third Mortgage's Ed Robinson delves into down-payment assistance programs. According to Robinson, they just may be the solution to today's lopsided market, which sees abun- dant high-income buyers and investors, but few low- to moderate-income earners and younger buyers. Robinson even offers up some tips to help lenders level the playing field for these underserved buyers. Speaking of younger buyers, in "Digital Domination," Johann Juan from Fitch Ratings talks about the ever-growing trend of digital mortgages—a popular option for today's millennial borrowers. According to Juan, digitiza- tion of the lending process isn't just easier on buyers; it's also improving lender efficiency, cutting costs, and improving credit availability. Finally, you'll find our Origination Service Providers guide, a comprehen- sive catalogue of the nation's most acclaimed mortgage originators. It's an issue packed full of information, insight, and intrigue, and I hope you find it useful. All my best, Rachel Williams Editor-in-Chief © 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 TRID, Tech, & More EDITOR-IN-CHIEF Rachel Williams ASSOCIATE EDITOR Nicole Casperson ONLINE EDITOR Brianna Gilpin ONLINE CONTRIBUTOR Joey Pizzolato, Scott Morgan COPY EDITORS Krista Franks Brock, Aly J. Yale, Alison Rich CONTRIBUTORS Lauren Abney, Richard Horn, Johann Juan, Sara Millard, Ed Robinson CREATIVE DIRECTOR Jason Stone ART DIRECTOR Jonathon Won DESIGN DIRECTOR Sean Walker ADVERTISING Suzanne Andresen (207.443.3314) Kevin McCrea (214.525.6756) Jason Myers (214.525.6760) Robert Rakowski (214.525.6783) 2017-2018 EDITORIAL ADVISORY BOARD Tim Anderson, Director of eServices at DocMagic; Kathy Cummings, SVP of Homeownership Solutions and Affordable Housing Programs at Bank of America; Maureen Davenport, SVP and Chief Communications Officer at Fannie Mae; David Gansberg, President and CEO at Arch Mortgage Insurance Company; Sharon McHale, VP of Corporate Communications & Marketing at Freddie Mac; Marion McDougall, EVP of Operations at Caliber Home Loans, Inc.; David Schroeder, VP of Claims at Mortgage Guaranty Insurance Corporation; Landon Smith, SVP- Strategic Sales and Enterprise Lender Relations, ServiceLink Kevin Wall, President at First American Mortgage Solutions 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 PROFESSIONAL ASSOCIATIONS American Mortgage Diversity Council: John Golden (214.525.6700) Legal League 100, National Mortgage Servicing Association, Property Preservation Executive Forum: Derek Templeton (214.525.6757) FORCE: Annie Collier (214.525.6740) No part of this publication may be reproduced without written permission from the publisher. ©2017 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.