National Mortgage News - April 2020

Top Producers 2020

As delving further into digitization becomes more the standard, loan officers across the country know artificial intelligence is the next evolution in mortgage technology.

Consumer needs are in flux and Top Producers were looking at technology and risks associated with unexpected financial challenges as areas where they weren't yet meeting those needs. The coronavirus only intensified the urgency.

For the Top Producers, many say a key to success involves taking that initial conversation with a potential borrower beyond the rate question.

Here they are, the best of the best. The 2020 countdown of the National Mortgage News Top Producers list wraps up, featuring the loan officers ranked 1 to 25.

The 2020 countdown of the National Mortgage News Top Producers list continues by featuring the loan officers ranked 26 to 100.

The 2020 countdown of the National Mortgage News Top Producers list continues by featuring the loan officers ranked 101 to 200.

The 2020 countdown of the National Mortgage News Top Producers list continues by featuring the loan officers ranked 201 to 300.

The 2020 countdown of the National Mortgage News Top Producers list begins by featuring the loan officers ranked 301 to 400.

Electronic closings are a solution in efforts to limit people congregating, but there could be some state law concerns.

Independent mortgage bankers had their most profitable fourth quarter in seven years for originations, but the fallout from the coronavirus could upset the economics of the industry in the short term.

Title underwriters won’t be hit as hard by the coronavirus as other insurers, but related economic changes will challenge them, Fitch Ratings said, in assigning a negative outlook to the sector.

Mortgage technology efforts have historically been behind the curve, but some recent responses to the coronavirus highlight instances where it rises to the occasion.

The Home Affordable Modification Program became a national blueprint for loss mitigation in the last crisis, but changes in the servicing landscape and circumstances call for a new approach now.

Homeowners reeling from coronavirus-induced economic shock are already enduring extremely long wait times while trying to get relief. Legislation passed last week could worsen the logjams.

The reprieve from mortgage data collection was among several changes to the agency’s supervisory and enforcement procedures to help firms responding to the COVID-19 pandemic.