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4 Key Signs It’s Time To Replace Your Mortgage Accounting Software
As an owner or a leader of a mortgage bank, when you invest in a system, you expect it to last. Quality software should be useful for many years, so it may be hard to determine whether or not it’s actually time for a change. Replacing, in
4 Key Signs It’s Time To Replace Your Mortgage Accounting Software
As an owner or a leader of a mortgage bank, when you invest in a system, you expect it to last. Quality software should be useful for many years, so it may be hard to determine whether or not it’s actually time for a change. Replacing, in particular, your business’s general ledger every few years
The Benefits of a True Cloud Platform
Most of the software and applications used in today’s world are no longer on-premises systems. The world is moving in a direction that wants, and needs, a solution that can keep up with their businesses. For over 20 years now, many companies have been moving to the cloud, also known as Software as a Service
Move From LIBOR Further Complicates Warehouse Funding Decisions
Key Ideas: Libor used to dominate warehouse line Agreements Warehouse line agreements now are referencing a wide array of interest rates Diverse sets of reference rates provide optionality to the originator Innovative decision engine simplifies complex funding decisions Mortgage lenders spent the last two years transitioning away from Libor. All new mortgage-backed securities issued by Fannie
Cyberthreats Continue to Impact Mortgage Banking
Cybersecurity in the Financial Services and Mortgage Banking industry in 2022 has started off with a bang. We’re facing an unprecedented time of market contraction, a complex threat landscape, increasing compliance requirements, and a demand for more cybersecurity resources. After getting through the pandemic and an unprecedented volume of demand for loans, many leaders in
Is It Time to Sell My MSR? Factors to Consider When Analyzing a Potential Sale
Many mortgage companies are facing the decision of whether to keep or sell their mortgage servicing rights (MSR) that have built up since the start of the Covid-19 pandemic. The impact on your liquidity, financial statements, and income taxes are major factors to consider. As interest rates continue to increase and production falls off from
Unforgivable: The Strange Saga of the SBA’s Ever-Changing Approach to PPP Loan Forgiveness for Mortgage Lenders
It’s hard to believe but we are approaching the 2-year mark since the CARES act launched the Paycheck Protection Program as a means to address the threat of economic harm to small businesses and their employees resulting from the COVID-19 pandemic. I can’t help but point out the irony of a program that was meant
