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Market Commentary: Monetary Policy Impact on the Mortgage Market

June 4, 2019 / by Michael Clark, Ph.D.

U.S. monetary policy is the purview of the Federal Reserve (Fed) and is broadly responsible for the health and stability of the economy. The Federal Reserve Open Market Committee (FOMC) is the group that decides the monetary policy that the Fed will implement in order to [...]

Examining the Bid Tape Assignment of Trade Strategy

May 16, 2019 / by Jim Glennon

Assignments of Trade (AOTs) have existed in the secondary mortgage market for decades, though a variation that may be somewhat unfamiliar is the bid tape AOT. While it has existed for a couple of years, the industry is just now starting to see exactly how pervasive it has [...]

Market Commentary: Rates Falling, Are Volumes Responding?

May 2, 2019 / by Michael Clark, Ph.D.

Optimal Blue recently released a suite of indices known as the Optimal Blue Mortgage Market Indices (OBMMI™). These indices are calculated from actual locked rates with consumers across more than 30% of all mortgage transactions nationwide and are developed around the most [...]

Bid Tape: A Reflection & Tomorrow's Opportunity

March 29, 2019 / by Don Brown

Some years ago, I authored an article in which I was advocating “the new” bid tape process and encouraged readers to give it a try. It seems a bit trite at this point, as so much has changed over the last few years. I feel obligated to revisit the status of this strategy and [...]

Social Media Compliance: Monitoring vs. Auditing

January 29, 2019 / by Mike Zastoupil

For those that are unfamiliar, there are a total of seven components to the Federal Financial Institutions Examination Council's guidance on social media compliance. Each element is vitally important to an organization's risk management program, with two of them – monitoring [...]

Who's at Risk? Originator License Renewal Concerns

November 16, 2018 / by Chaeli Walker

As another renewal season quickly approaches, it is imperative to the wellbeing of your organization that you verify all counterparties with which you have a relationship, have correctly filed their recertification with all of the state agencies in which they operate. There [...]

A Loan Officers Guide to Secondary Marketing - Part II

October 31, 2018 / by Don Brown

In my first post on this topic, A Loan Officers Guide to Secondary Marketing - Part I, I explain the difference between the primary and secondary markets through four key concepts. Let me reiterate, the common loan officer doesn't need, or want, to have a deep understanding [...]

The Digital Mortgage Marketplace Explained

October 12, 2018 / by Scott Happ

In recent conversations, it has become clear that the concept of a Digital Mortgage Marketplace is widely acknowledged, though not clearly understood. I recently shared a few of the highlights at the 2018 Optimal Blue Client Conference, largely focused on the following [...]

4 Key Points to Consider When Transitioning from Best Efforts to Mandatory Delivery

August 28, 2018 / by Mark Teteris CMB

Making the decision to transition from Best Efforts to Mandatory delivery is a process that begins well before an organization actually takes the leap. As you contemplate the right transition time and strategy for your organization, you will want to conduct a preliminary [...]

How Does a Credit Score Impact Loan Payments?

July 27, 2018 / by Diane May

We all know that a borrower with a higher FICO score will get a better rate on their mortgage, but how much better? Consumers are always asking this question so we thought we would share our findings. The answer depends on the type of mortgage they are receiving.

Let me [...]