As Carl kindly put it when we proposed this topic, he plans to watch paint dry instead of reading this in any detail! But heading into year end and audit season, lenders need to plan for this important issue. HUD Net Worth Calculations This summer, HUD’s Office of Inspector General released an updated version of

The earth is flat. Our industry values unclosed loans more than closed loans. One of these statements is crazy, and both can be fact-checked. Checking one requires a plane ride or ocean gazing, while the other requires a comparison of liquidity between two periods. As the buckets of ink spilt on their accounting in these

You probably heard this advice. Recently, a client asked me to explain this advice in detail. Here it goes: Working on the business, not just in it, can change everything for you. “Working on the Business” is thinking as leader. When I speak about a leader, it means an executive that runs the business, or

As it looks like it might actually now happen, we thought it was a good time to revisit an article we wrote back in 2019, which delved into some pretty significant accounting regulation changes which could affect all mortgage banks, but especially branch heavy retail lenders. Having recognized some major holes in ASC 840, the

“Good riddance, 2020. I’m so glad to get that year behind us so we can get back to normal!” is a phrase you may have uttered more than once. The last year has been hard; that’s undeniable, but from a cybersecurity perspective at least, few things have changed. The cyber threat landscape, the threat actors,

Over 70% of today’s mortgage origination volume comes from Independent Mortgage Bankers using warehouse lines of credit as their primary source of funding and there are few relationships more important than between a mortgage banker and their warehouse partner.  As former mortgage bankers, we knew bringing AI decisioning and automation to warehouse line management would