The cost problem lenders can’t automate away Mortgage lenders have spent years investing in automation, yet one metric continues to resist improvement: cost per loan. New tools promise faster processing, better decisioning and improved borrower experiences. For many lenders, however, those gains have been offset by growing operational complexity that is harder to see but […]
Americasa, a division of Nationwide Mortgage Bankers (NMB), has promoted Yasser Valdes Herrera to president. Since December 2023, he has been based in Miami and has served as vice president of Americasa, a Spanish-language mortgage platform helping the Hispanic community achieve homeownership. “Yasser has such an incredible drive and understands that our business is rooted
Nationwide Mortgage Bankers taps Herrera as president of Hispanic homeownership division Read More »
For decades, mortgage underwriting has followed the same basic structure: verify income, review credit, apply ratios, and make a decision. The tools have improved. The thinking largely hasn’t. Automated systems like Desktop Underwriter and Loan Product Advisor can process loans faster than ever. But they still rely on a core assumption: if income can be
Verification first: Why mortgage lending must rethink income — and how it actually works Read More »