NFM Lending Chief Information Officer, Christos Bettios, fresh from the 2017 Mortgage Bankers Association conference, discusses the future of the loan originator. Will the loan originator be completely removed from the mortgage process, replaced by technology? Bettios gives his insight from the conference as well as his insights on security and technology in the loan origination process.
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By nfmadmin — 3 years ago
More and more of the loan process is happening for the consumer via the Internet. Mortgage applications, document uploading such as W2s and appraisals, document signing, communication and approvals are all happening more often on mobile platforms. There is no doubt that technology is infiltrating the mortgage industry.
But there is still something to be said for the human touch, that personal interaction where the loan originator gets to know the borrower and understand their needs better.
No doubt, in today's world, where people may prefer to do everything online, there needs to be a balance. But what is the right balance?
NFM Lending President, Jan Ozga, shares his take on what the right approach should be on man versus machine in the mortgage industry.
For more from Jan Ozga, please watch his interview with NFM TV regarding leadership and company culture. How Experience Affects Leadership at NFM LendingPost Views: 3,059
By nfmadmin — 3 years ago
Underwriting may be one of the most mysterious parts of the loan process for consumers, but it can be the same way for loan originators as well.
What should a loan originator look for when evaluating the 1003 mortgage application in order to advise their clients on potential hurdles they can face?
From work history to bank statements to incomplete 1003s, NFM Lending Underwriting Manager, Cathy Purdham discusses what to look for and how to communicate with your underwriter should issues arise. She also talks about the systems NFM Lending has in place to streamline the underwriting process and make it more transparent, an approach that has helped dramatically reduce time loans spend in underwriting and problems with the 1003.Post Views: 2,430
By nfmadmin — 4 years ago
Where are interest rates headed and how will it affect the housing market and home affordability? What are some metrics that the average person can use to help monitor where interest rates are going? NFM Lending's Director of Secondary, Tom Sealock, discusses the external factors currently putting pressure on the markets such as the recent natural disasters and North Korea. Sealock gives his prediction for rates for the rest of 2017 and what the Federal Reserve will do in Q3 and Q4.Post Views: 1,484