Terry Rentmeester’s Post

Hello Credit Union friends! Please register and join myself and Justin for this informative webinar as we provide insights on maximizing your profitability with a focus on enhancing your members satisfaction.

How can maximizing profitability and getting the most out of every step – from rate sheet creation to servicing – help credit unions enhance member satisfaction? Mark your calendar for the upcoming ACUMA Inside Track Webinar with speakers Justin Roddel and Drew Schindewolf from Optimal Blue on Thursday, November 7, at 1 p.m. CT. Webinar Highlights: ➕ Discover how optimizing these processes can lead to better rates and improved experiences for your members. ➕ Explore strategies to improve retention, increase market share, and boost member satisfaction. ➕ Understand how to ensure maximum profitability at every stage, from rate sheet creation to servicing. ➕ Learn from industry leaders about the intricacies of the loan manufacturing process. Save your spot today: https://lnkd.in/eAM36cac #OptimizeYourAdvantage #CreditUnions #MortgageLending #MaximizeProfitability ACUMA (American Credit Union Mortgage Association) --- Follow Optimal Blue for the latest from the capital markets industry leader.

📅 Reminder: DSCR Decoded Webinar  Will you be joining us tomorrow? Learn about our most frequently asked questions, minimize the guesswork of DSCR, and leverage these non-QM opportunities to grow your business. Register today by contacting your eRESI Representative or emailing sales@eresimortgage.com. Amer Ahmed Derek Lewis Georgann DeGennaro Jeff Vanderluit Kris Willoughby Lisa Schreiber Peter Heintz Scott Hornick #eresimortgage #nextlevelliquidity #nonqmmortgage #nonqm #mortgageproduct

Sharing APM-12 news from Ginnie Mae:

This month’s issue of Mortgage Banker Magazine explores how Geneva Financial LLC’s Aaron VanTrojen makes producers accountable for profitability, protecting their ability to originate in down markets. We also examine how conventional wisdom around recessions needs questioning, new credit scoring models upend decades of GSE underwriting, non-performing loan sales since 2014, and more. Read the digital edition: https://bit.ly/3xwBeBa #mortgagebankermag #mortgageprofessional #mortgagenews

Big news for #GinnieMae single-family #MBS Issuers. APM 24-12 now offers relief from the risk-based capital ratio requirement, recognizing the importance of mortgage servicing rights. Starting Dec 31, 2024, Issuers must maintain a #RBCR of 6% alongside net worth standards. This unique approach gives flexibility to meet financial obligations while ensuring stability. https://ow.ly/2rqb50UqTYp #MortgageIndustry #APM2412

On August 19, the Australian Securities and Investments Commission (ASIC) announced updates to its reference checking and information-sharing protocol for financial advisers and mortgage brokers, set to take effect today, August 20, 2024. This update broadens the protocol's scope to include mortgage aggregators, allowing them to obtain references on mortgage broker licensees and their representatives. Key Updates: - New Provisions: The 2024 Protocol introduces provisions enabling all licensees to request references from a prospective representative's current or former mortgage aggregator. This is discretionary, with ASIC encouraging licensees to obtain references when appropriate. - Template Updates: The protocol also includes updates to template consent and reference forms, now incorporating questions about any warnings or reprimands issued to financial advisers by ASIC or the Financial Services and Credit Panel. - Transitional Period: Licensees have until February 28, 2025, to transition to the new protocol, during which they can use templates from either the 2021 or 2024 Protocol. ASIC’s updated protocol aims to enhance transparency and due diligence in the financial advice and mortgage broking sectors, aligning with legislative changes and industry feedback. Stay ahead of regulatory changes by following Global Regulatory Insights - https://lnkd.in/gZmkUPim #ASIC #MortgageBrokers #FinancialAdvisers #RegulationUpdate #GRI

The Financial Conduct Authority (FCA) is turning its thoughts to the year ahead in publishing a series of portfolio letters focusing on its 2025 supervisory priorities for retail banks, building societies, non-bank mortgage lenders (NBMLs) and mortgage third party administrators (MTPAs), and lifetime mortgage providers (LMPs). Cross-cutting areas of focus for all four sectors are Consumer Duty, operational resilience, financial crime and fraud, and sustainable finance. #FinancialServices

Industry News: Regulatory Developments: New regulations are being implemented to ensure the quality of Automated Valuation Models (AVMs), which are used in mortgage originations and secondary market issuances. These standards aim to enhance confidence in AVM estimates and protect against data manipulation and conflicts of interest. https://firstam.us/3yTDkvV