The Storms Are Coming For The Insurance Industry
The 2022 Atlantic hurricane season is officially underway. As always, there was a flurry of media activity on the launch day of June 01, with everyone sharing their (rather gloomy) predictions for the season ahead. Last week you were reading Allstate Files Patent Application For “Insurance VR Simulator”. This week we’re bringing you: Homeowners Can Record […]
Are These Factors Creating Chaos In Your Mortgage Lending Ops?
Few other industries must deal with the level of complexity of home finance. From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. We hope you enjoyed last week’s edition where we talked about CFPB Wants Lenders To Disclose Reason For […]
Allstate Files Patent Application For “Insurance VR Simulator”
Virtual reality, or VR for short, may have some limited applications outside of video games and entertainment, but major US insurer Allstate Insurance Company believes there is potential in the technology for use in the insurance industry. Last week you were reading Swiss Re Exec On Whether Industry Is Making Real Progress. This week we’re bringing […]
CFPB Wants Lenders To Disclose Reason For Denial Of Credit
The CFPB said that all lenders, including those using complicated algorithmic models for underwriting decisions, must abide by ECOA and disclose why a customer is denied credit. We hope you enjoyed last week’s edition where we talked about How Lenders Can Improve Business Models in 2022. This week we’re bringing you: Mortgage lenders expand footprint despite […]
Swiss Re Exec On Whether Industry Is Making Real Progress
The insurance industry has always been conservative by nature – slow to change, even when tempted by technology innovation. Last week you were reading Three More property Insurers Asking For Big Rate Hikes At Hearings. This week we’re bringing you: Putting clients’ needs first – what it takes to succeed in broking Trey Renno, area […]
How Lenders Can Improve Business Models in 2022
In the throes of a turbulent housing market, where can lenders shift their focus in order to remain profitable? We hope you enjoyed last week’s edition where we talked about Homebuilder Confidence Drops At Fastest Pace In 2 years | Recent Study Stats. This week we’re bringing you: Lenders see appraisal modernization as a top priority […]
Three More property Insurers Asking For Big Rate Hikes At Hearings
The Florida Office of Insurance Regulation held hearings Tuesday on major rate increases from three more property insurers: Florida Farm Bureau, First Floridian, and Kin Interinsurance Network. Last week you were reading Take Insurers’ Q1 Financial Results With A Pinch Of Salt. This week we’re bringing you: Mortgagee interest insurance underwriters seal win in court case […]
Homebuilder Confidence Drops At Fastest Pace In 2 years | Recent Study Stats
Homebuilder confidence may still be higher than almost any time before the pandemic, but it’s now lower than any time since. We hope you enjoyed last week’s edition where we talked about Now More Than Ever In The Mortgage Industry, It’s Critical To Know Your KPIs. This week we’re bringing you: Mortgage Rates Moving Back Up […]
Take Insurers’ Q1 Financial Results With A Pinch Of Salt
The global insurance industry’s first quarter (Q1) financial results have been quite the mixed bag. Last week you were reading All Aboard The Insurance Technology Train. This week we’re bringing you: Business Insurance opens nominations for U.S. Insurance Awards Business Insurance on Tuesday opened nominations for the 2022 U.S. Insurance Awards, which will be announced and […]
Now More Than Ever In The Mortgage Industry, It’s Critical To Know Your KPIs
As the first quarter unfolded, macroeconomic risks created strong headwinds for mortgage companies. We hope you enjoyed last week’s edition where we talked about Mortgage Apps Jump 2.5%, Propelled By Purchase Activity. This week we’re bringing you: Despite rising rates, Rocket delivers $1B profit in Q1 Detroit-based Rocket Companies, the parent of Rocket Mortgage, generated a […]
