A lot has changed in the past year. COVID-19 turned our world upside down. New health concerns, travel restrictions and stay-at-home measures greatly impacted businesses’ ability to provide services in almost all industries and the mortgage and real estate industries were no exception. We were forced to quickly adjust and pivot to the new ways of life in order to navigate the challenges of the pandemic.
This annual Altisource® Default Servicing Report analyzes the results of an in-depth survey conducted by independent firm Echo Research. It was conducted online between August 17 and 29, 2020 among 200 professionals with three or more years of experience in the U.S. mortgage default servicing industry. The purpose of this report is to help servicers optimize operational and marketing strategies by giving them a look at the elements shaping the industry today.
This annual Altisource® Originations Report features the results and analysis of recent in-depth survey findings compiled by Echo Research, an independent market research firm. It was conducted online among 200 professionals in the U.S. mortgage industry between August 17 and August 29, 2020. The purpose of this report is to help lenders optimize their operational and marketing strategies by giving them a look at the elements shaping the mortgage industry today.
With smaller down payment requirements and flexible qualification criteria, FHA loans have become increasingly attractive to first-time home buyers in recent years. While foreclosure rates have been dropping to new lows, FHA-insured loans make up an increasingly larger proportion.
Blockchain technology is evolving quickly in today’s FinTech segment. There are some interesting start-up firms that are looking at ways to revolutionize and disrupt the title and settlement services industry. Clearly, our industry has experienced a dearth of meaningful technological innovation.
AI has the potential to help industries that deal with large and diverse amounts of data by reducing errors, improving efficiency, speeding up timelines, identifying patterns and trends, and supporting transactions and services at a significantly larger scale.