Scotsman Guide > Residential > June 2019 > Department

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Residential Department: From The Editor: June 2019

 

From The Editor

r_2019-06_FTEThere’s a lot to unpack in the June edition of Scotsman Guide. First, the magazine features its seventh annual rankings of Top Mortgage Lenders. A new lender claimed the No. 1 spot for Top Dollar Volume by making a major move from last year. Scotsman Guide also is introducing a new category in the rankings: Top Wholesale Account Executives. Coverage begins on Page 39.

Next, we have a new analysis column that we plan to run on a quarterly basis. The feature is called Beyond the Bid and takes a look at what the distressed-housing/foreclosure market can tell us about the overall housing industry and economy. It’s written by Daren Blomquist of Auction.com, who should be a familiar name for many of our readers. Blomquist frequently wrote for Scotsman Guide when he worked at Attom Data Solutions. Read his new column on Page 34.

Of course, June’s magazine also features our usual articles with a mix of new and returning authors. This month, several articles take on this edition’s focus on alternative loans.

Our cover story, penned by Raymond Eshaghian of Greenbox Loans, explores the risks and rewards of nonqualified mortgages, or non-QM loans. These are mortgages that don’t meet the tighter lending standards enacted through the Dodd-Frank Act. Read Eshaghian’s piece on Page 57.

New author Jovan Vaughn of Mortgage Point writes about alternative products, including bank-statement loans, on Page 75. He discusses how originators should understand the details of these loans and delves into how the products are being perceived in the mainstream press.

On Page 86, Community Home Lenders Association board member Michael Delehanty writes about efforts underway to reform the nation’s housing policies. Any changes, he urges, should be made only with objective evidence and with the full understanding of the potential consequences.

Churchill Mortgage’s Liliana Nigrelli writes on Page 89 about how originators play an integral role in the success of mortgage companies. She argues that back-office employees and, yes, even those in the compliance department, also are vital in ensuring a smooth borrowing process.

Carrington Mortgage Service’s Ray Brousseau writes on Page 98 about the growth of nonbank lenders. He explains the reasons why originators should consider working with these financial institutions. The mortgage industry has received a couple bits of good news so far this year, according to Patch of Land’s Robert Greenberg. He writes on Page 104 about how this information can help both originators and real estate investors.

On Page 124, Ari Gross of SoftWorks AI tells us how artificial intelligence can combat rising origination costs. He also discusses how to address apprehension with this emerging technology in a positive way. We hope you enjoy these articles and more in this edition of Scotsman Guide.


 

Jim Davis is editor of Scotsman Guide Residential Edition. Reach him at (800) 297-6030 or jimd@scotsmanguide.com.

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