Home Point to offer HELOCs on blockchain; Gateway hits funding record, opens centers in Utah & S.D.; CSC adds 105 eRecording counties in 33 states
WILL BLOCKCHAIN TECHNOLOGY REVOLUTIONIZE MORTGAGE LENDING? MOODY’S HAS calculated that the annual cost-savings resulting from distributed ledger technology, or blockchain-based mortgage application processes, could be as high as $1.7 billion and will profoundly change home buying. That, however, is still in the future. So far, only a few of the nation’s top mortgage lender-servicers are taking it for a test drive. Home Point Financial is one of the pioneers. Home Point announced it is now offering “a white-labeled digital…
RECORD HOME FINANCING DEMAND FROM LOCAL COMMUNITIES IS DRIVING the Gateway Mortgage Group to spread out its local presence. A division of Gateway First Bank, Gateway Mortgage announced the opening of two new mortgage centers in Utah and in South Dakota to accommodate a significant surge in refinancing requests as people rush to take advantage of the low rates. Gateway reported it has seen a record-breaking volume since 2019 and in 2020. This year, amid the height of the COVID-19 pandemic, “and just after the company celebrated the 20th anniversary,” Gateway’s monthly mortgage funding hit a new record high of…
THE PANDEMIC HAS BEEN GOOD NEWS FOR COUNTY LEVEL, ELECTRONIC document recording (eRecording). It appears that COVID-19 and social distancing are motivating the growing expansion of digital document recording. eRecording provider CSC is one such contributor that announced it has added 105…
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#NEXTraordinary People: Suzy Lindblom
“SUZY LINDBLOM LOVES A CHALLENGE” BY JANET REILLEY HEWITT — Suzy Lindblom has built an amazing career. But she’s not the type to brag about it. Self-promotion is not in her DNA. Chest thumping is just not a part of who she is.
Lindblom is a detail person, an efficiency expert. One of those people who likes to let results speak for themselves. And in her case, boy, do they ever.
She is chief operating officer for Planet Home Lending, Meriden, Connecticut. And if she was put in charge of all mortgage lending on the planet, she could probably get that done. (Just kidding, but, maybe not?)
Lindblom’s resume reads like the yearbook of someone who has run operations for some of the biggest, most marquee names…