Podcast Recaps & Industry Updates

Lykken on Lending

Host: David Lykken

Big Servicing Default News:

• FHA Proposed Changes: The FHA has released proposed changes to the loss mitigation waterfall, spanning over 200 pages.Feedback Deadline: The industry has until December 23rd to provide feedback and comments.Implementation Timeline: Concerns have been raised about the short implementation timeline, as the current COVID-related loss mitigation policies are set to expire in April 2025.Podcast participants noted it would be challenging for the industry to implement the new framework by this deadline.Potential Administration Transition:The new framework is being proposed under the current administration.Questions remain about whether an incoming administration in January 2025 will revise the proposed framework.

Guest Feature:

David G. Kittle, CMB , Chief Executive Officer at Cypress Mortgage Capital, joined to discuss mortgage originations.

Housing Insiders

Hosts: Jonathan Lawless & Jeremy Potter

• Featured Guest: Marvin Chang. Marvin has experience across big tech, mortgage banking, and fintech.He emphasized the importance of meeting consumer expectations through innovative products.Key Question: How can servicing provide products to meet consumer expectations and drive growth?

Fintech Hunting

Host: Michael Hammond JD, CMT ??

• Guest: Erin Wester , Chief Product Officer at Optimal BlueDiscussed the Scenario Optimizer Tool, which allows for side-by-side comparisons of loan scenarios focusing on borrower affordability while reducing loan officers' workloads.Key Features:Helps loan officers create varying loan scenarios (e.g., different down payments and loan types) to find the best product for borrowers.Upcoming Features: Optimal Blue plans to unveil an Originator Assistant powered by generative AI at its customer conference.The assistant will suggest better loan scenarios and automate processes for loan officers.AI in Compass Edge: Tools provide capital market executives with actionable insights into position changes and profitability.

Fremont Street’s LinkedIn Roundup

• Brian M. Foley : Joined the Pennsylvania Land Title Association Board as Secretary.
• Ken Quantie : Started a new position as Senior Vice President (SVP) at Keylink National Title, Planet Home Lending, LLC.
• Sean Grzebin : Began a role as Chief Executive Officer of Home Lending at JPMorgan Chase.
• Amanda Fulmer : Took on the role of Divisional Vice President - Loan Administration at Rocket Mortgage.
• Eric Sadow : Announced a job posting for a Servicing Operations Counsel position with ServiceMac.