Rose Bogan, SVP, Governance Risk and Compliance at Digital Risk, an Mphasis Company was featured on a recent Compliance Week Podcast Interview titled “Challenges and technologies for mortgage lenders” talking about the current scenario of Mortgage lending arena.
Jeff Taylor appeared on FBN:AM with host Kristina Partsinevelos, discussing rising interest rates and some great tips for new homebuyers.
Leo Loomie, SVP, Client Development at Digital Risk, an Mphasis company recently appeared on The Jon Sanchez Show talking about loosening mortgage lending requirements.
Reflecting on the current market, Leo asserts that affordability is still pretty solid, but inventory is a much bigger issue. With the cost of renting still high, it makes total sense to buy a home right now. Advising millennials, Leo says “Credit standards are actually loosening up a little bit, there are some great low down payment programs out there that younger buyers are not even aware of,” Leo encourages young home buyers to educate themselves on how the lending process works and the loan options available to manage debt responsibly. Underlining lending requirements, Leo goes on to say “Lenders are reducing their overlays, bad loans have been swept out of system, repurchase rates are at all-time historical lows right now and with the credit box tightened too far, there is sustainable room to loosen up the credit box.” With Digital Risk’s experience of handling numerous loans, Leo thinks Credit Quality is really strong right now.
Leo also reflected on the prominence of Digital Mortgages and how everything can be done on a smartphone now. Consumers have access to Loan Officers 24/7 if they need assistance and the advent of Artificial Intelligence has made great advances to the mortgage industry.
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Leo Loomie, SVP, Client Services at Digital Risk, LLC recently appeared on the Financial Quarterback Radio Show talking about Digital Mortgages and the sudden down swing in the market last week. Leo sees the economy being fundamentally strong and with wages being up and interest rates relatively low, it’s a good time to invest says Leo.
Jeffrey Taylor appeared on Fox Business Network with host Trish Regan, discussing the financial sectors opportunity to invest more in technology for mortgages, credit cards and auto loans to improve consumer lending. Overall, the economy still remains incredibly strong and swings in the market only lead to great buying opportunities.
Jeffrey Taylor appeared on Fox Business Network with host Cheryl Casone discussing how tax reform could impact the housing industry. Jeff provides his views discussing how recent housing reform will affect certain states locally, while nationally we still expect a 6% increase in property values YoY nationwide. Still, only time will tell, says Jeff.
Jeffrey Taylor appeared on Fox Business Network with host Trish Regan discussing the DC tax policy in areas of high property taxes combined with FED increasing interest rates and its impact on the housing market. Jeff discusses how companies need to be focused on using technology to take cost out of their business and reach consumers quickly.
Jeffrey Taylor appeared on Fox Business Network with host Cheryl Casone, discussing the recent Fed announcement. Jeff weighs in on the roll-off debt from the Fed balance sheet of MBS, bond reduction and the economic impact the two recent hurricanes will have on interest rates.
Leo Loomie, SVP, Client Services at Digital Risk LLC recently appeared on the Jon Sanchez Radio Show for the segment “Have you ever applied for a Mortgage Online” talking about the Digital Mortgage era , results of a recent survey ran by Digital Risk on homeowners and renters and overall Digital Risk services.
Jeffrey Taylor appeared on Fox Business Network with host Lauren Simonetti, weighing in on tax reform, earnings, and Washington gridlock.