Automation is the ‘magic bullet’
for reducing disclosure risks
Illustration by Dennis Wunsch
Founder and CEO, InSellerate
B Y JOSH FRIEND
othing in life is perfect, and no amount of magic
potions or diet pills can change that. Mortgage
professionals understand this all too well. Despite all
the regulations and requirements that dictate how to do business,
an unlimited number of things still can go wrong in the mortgage
process. Meanwhile, every attempt to “fix” what ails the industry
often yields a new set of imperfections to wrestle with.
The Consumer Financial Protection Bureau’s TILA-RESPA
Integrated Disclosure (TRID) rule is a great case in point. Although
the consumer-disclosure requirements may have achieved the
enviable goal of providing consumers with greater transparency
in the mortgage process, from its earliest rollout through the
subsequent revisions, TRID continues to create trouble. >>
18 | From the Editor
Regulatory uncertainty enters a new phase.
20 | Featured Top Originator
Keith McKay of Prime Choice Funding loves working with
veterans, and it shows.
22 | Q&A: USFN
Ed Kirn explains why mortgage servicers face unique
24 | News Roundup
Catch up on recent issues and trends in the mortgage industry.
28 | DataDecoded
A perfect mortgage storm may be looming.
30 | Spotlight: Virginia
Virginia’s economy is driven by federal dollars.
32 | Commercial Highlights
Check out what’s happening in this month’s commercial
edition of Scotsman Guide.
162 | BackSpace
Co-borrowers boost home-purchase loan muscle.
Volume 24: Issue 11
35 | The Elixir for TRID’s Imperfections
Automation is the ‘magic bullet’ for reducing disclosure risks
Josh Friend, InSellerate
52 | Convert Prospects to Partners
Building relationships with Realtors and builders requires
Heather Keith, Supreme Lending
57 | The Pendulum Swings in the Market
First-time homebuyers are lining up to transform the
Tian Liu, Genworth Mortgage Insurance Corp.
First-time homebuyers are li
to transform the mortgage i
The mortgage origination market is in the middle of a dramatic transitio
This transition is driven by two powerful forces — pent-up demand
the past 10 years and the influx of a large group of new homebuye
By Tian Liu
Genworth Mortgage Insurance Corp.
Photo illustration by Paula Douglass