Industry | Blog Category

Industry

September 27, 2024

LVIC24: Setting New Standards for Success

The 2024 Loan Vision Innovation Conference has officially wrapped up, and what a transformative event it was!

Industry

August 30, 2024

The Dos and Don'ts of Outsourced Accounting

Independent mortgage banks operate in a complex and highly regulated environment. Outsourcing accounting functions can offer significant advantages, including cost savings, expertise, and operational efficiency while minimizing the effects of staff turnover.

Industry

June 28, 2024

Preparing for the GNMA Risk Based Capital Ratio (RBCR)

As we all know, GNMA has introduced a new risk-based capital requirement for mortgage lenders, which is set to take effect on December 31, 2024. This regulation is designed to ensure that issuers have sufficient capital to withstand financial stress and market environments.

Industry

May 31, 2024

Tax Considerations for Today's Volatile Mortgage Landscape

It is no secret that the mortgage industry is currently in a state of flux. Gone are the historically low rates which produced huge profits for mortgage companies big and small, replaced with rates now resembling pre-Covid.

Industry

March 28, 2024

Navigating the Landscape: The Impact of Artificial Intelligence on the Mortgage Industry

Artificial Intelligence (AI) is ushering in a new era of technological advancements and its capabilities are transforming the mortgage industry...

Industry

February 29, 2024

Employee Retention Credit Risk

The Employee Retention Credit (ERC) program was originally established as part of the Coronavirus, Relief and Economic Security Act of 2020 to provide financial assistance to businesses in response to the pandemic.

Industry

January 31, 2024

2024 Is Here: Now What?

With each new year comes a flood of articles pontificating on what is to come and what mortgage bankers should be doing about it . . .

Industry

October 31, 2023

5 Internal Audit Issues We're Seeing in FNMA's MORAs and How to Prevent Them

The increase in regulatory exams for lenders, such as FNMA's Mortgage Origination Risk Assessment (MORA), highlights the importance of maintaining oversight and continuous improvement in operations.

Industry

November 26, 2020

Four Ways To Communicate Effectively with Your Branches

It’s no secret that most branch managers were (and may still be) high performing loan officers and because of this, the vast majority naturally tend to be hyper-focused on production goals when it comes to performance review time.

Industry

December 1, 2020

Royal United Embraces Loan Vision, Gains Deeper Insight into Financials

Back in 2016, when Nolan and I began discussions concerning Royal United’s finance department, he had only been in his position as CFO for a few months, but he knew his team was ready for a change.

Industry

January 20, 2021

Evaluating Your Accounting Department

As we all know, the one constant in the mortgage business is change. This past year has been no different, with volumes pushing operations to the limit. How has your accounting department been impacted?

Industry

January 22, 2021

PPP 2.0 Guidance for Lenders

The latest stimulus bill passed by Congress allocates $284 billion to small businesses through the Paycheck Protection Program (PPP).

Industry

September 29, 2021

Work on the Business, not In the Business.

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.

Industry

October 27, 2021

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.

Industry

November 23, 2021

Important Changes to HUD Net Worth Requirements and Proposed Changes to GNMA Capital and Liquidity Requirements

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.

Industry

January 31, 2022

Five Critical Steps to Improve Profitability in 2022 and Beyond

A pretty brutal forecast for lenders coming off two great years. 2023 and 2024 are also forecast down 35% from 2021/2020. The world has clearly changed. So how do you build a resilient business model that remains profitable in 2022 and beyond?

Industry

February 25, 2022

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.

Industry

March 31, 2022

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.

Industry

May 25, 2022

Move From LIBOR Further Complicates Warehouse Funding Decisions

Mortgage lenders spent the last two years transitioning away from Libor.

Industry

October 31, 2022

Opportunities to Increase Profitability and Resiliency

CWDL and our partner Teraverde have had several discussions, including a webinar, about how lenders can manage costs and uncover opportunities to be profitable over the next 6-18 months using real-time data from Teraverde’s Coheus business intelligence software.

Industry

January 31, 2023

Three Tough Decisions Required for Success in 2023

It’s the start of a new year! How this year turns out for your company will be determined by three tough decisions executives need to make this month.

Industry

February 28, 2023

Four Key Considerations for Compensating Top Lending Talent

In today’s mortgage market, it’s not only harder to compete for top lending talent but more expensive. You could just keep throwing money at the problem, but that’s not a sustainable strategy.

Industry

March 31, 2023

Four Essential Day-to-Day Improvements For Your Accounting Department, From A Former Controller

Being in the mortgage industry for a lot of years, you pick up a few systems. You learn the tricks of the trade, so to speak.

Industry

April 18, 2023

Have You Really Done All You Can to “Fixed” Costs?

With rising rates, lower volumes and lower margins converging on the mortgage industry over the past 18 months, the constant response has been a combination of consolidation/aggregation, reductions in force, or outright surrender.

Industry

May 31, 2023

Excess Business Loss Limitation and Tax Treatment of MSR Sales

The sale of originated mortgage servicing rights (OMSRs) gives rise to several types of income.

Industry

August 30, 2023

5 Tips For a Smooth Year End Close

We combined our related corporate experiences and Loan Vision tricks to come up with some tips for a smoother year end close.