There’s a new sheriff in town

The mortgage industry collectively shuddered today as the Senate approved Rohit Chopra as director of the CFPB for a five-year term.

Meet Rohit Chopra, the new CFPB director   The mortgage industry collectively shuddered today as the Senate approved Rohit Chopra as director of the CFPB for a five-year term. LoanDepot sued 7 LOs after they left for a rival   After an origination team departed loanDepot in April of this year, the lender slammed the seven ex-employees and their new employer, CrossCountry Mortgage, with a lawsuit alleging they "hatched and implemented a scheme to loot loanDepot's business." HW+ Premium Content Sample the ultimate in micro-market intelligence   The Radian Home Price Index, provided by Radian's Red Bell Real Estate, LLC subsidiary, offers a level of insight unmatched in the industry. Register to receive a sample data set based on bedroom count, square footage, and more, all the way down to the zip code level.   Register now! Sponsored by Radian Lenders, it's time to consider offering non-QM products   The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products. Presented by Angel Oak Regulation, forbearance leaves mortgage servicers in a bind   Being unprepared to deal with forbearance exits is unacceptable, the CFPB has said. And mortgage servicers are working on tech and training in preparation for the inevitable. Can you close your loan in 10 Days or Less? Learn how lenders are achieving a 35% increase in online applications, 25% increase in pull through, and 30% reduction in turn times. Click here to learn more! Sponsored by FirstClose Mortgage rates finally eclipse the 3% mark   The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. 30, according to Freddie Mac's latest PMMS survey. First American Title partners with Notarize on RON   First American Title Insurance Company announced Thursday that it has partnered with Notarize to expand and accelerate adoption of remote online notarization (RON). Is your collateral underwriting slowing you down? Originate loans faster, with more automation, and at lower costs—while improving loan quality at the same time. Complete Collateral from CoreLogic makes underwriting simpler with a more streamlined and complete workflow. Learn More! Sponsored by CoreLogic Redwood Trust puts the pedal to the metal   Redwood's plans to rapidly broaden its market reach, including expanding its venture capital investments, may threaten its status as a REIT. HW+ Premium Content VA extends deadline for loan deferment   The VA announced this week that it is extending the timeframe for borrowers to request loan deferment an additional two years, to Oct. 1, 2023. How this lender found success going straight to eNotes Most lenders start their eClosing journey with basic eSign hybrids, which still produces a paper note. Not Truliant Federal Credit Union. They went straight to eNotes and 100% paperless eClosings. Learn More! Sponsored by DocMagic HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Manage preferences

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