Latest Rob Chrisman Articles

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Rob Chrisman's Daily Commentary

For the past 10 years Mortgage News Daily has provided our readers with Rob Chrisman's daily commentary.

NEW HMDA Review, Corresp., Data Mining, Processing Tools; Agency Credit Scoring

Thu, Jul 17 2025, 11:52 AM

“I forgot to put the seat belt on my five-year-old boy this morning and as we were leaving the trailer park, somebody shouted, ‘You're an irresponsibl...

NEW TBA Settlement, Processing, HELOC, Purchase Advice Mgt. Tools; JPMorgan to Charge For Info?

Wed, Jul 16 2025, 11:52 AM

JPMorgan told FinTechs that it will charge for access to its customers’ bank information. The fees would bring big bucks to JPMorgan but eat into the ...

NEW Corresp. and Wholesale, Internal Audit, Verification Products, Redlining Webinar; When LOs Should Prospect

Tue, Jul 15 2025, 11:53 AM

Here’s a cool password: 2 444 66666 8888888 9. (You can figure it out.) I’m no IT wizard, but some are. Do you want AI to open your emails and create ...

NEW HELOC, Servicing, AI Fee Research Tools; Webinars and Training; Anti-Poaching Interview

Mon, Jul 14 2025, 11:50 AM

In news for fans of the wholesale lending channel (more below), heading into the baseball All Star Break the Philadelphia Phillies, owned in part by F...

NEW AI Retention, Jumbo AUS, Bridge, HELOC Products; Wholesale and Investor News

Fri, Jul 11 2025, 11:40 AM

Don’t forget to snag your free Slurpee today at participating 7-Elevens! Speaking of edible things, I like my Frosted Flakes, Froot Loops, and Raisin ...

NEW Hedging, Fraud Protection, QC Products; FHA, USDA Program Changes; Interview With Pennymac's Kim Nichols

Thu, Jul 10 2025, 11:46 AM

Lenders and servicers have entire sets of policies and procedures based on the Federal Emergency Management Agency (FEMA) declaring an emergency in a ...

NEW Pulte's Vantage Score Comments Leave Mortgage Market Guessing

Wed, Jul 9 2025, 8:33 AM

If you think that everything is great in the U.S. economy, maybe it’s not. At least in New Jersey. While many residents are frolicking on the Jersey S...

NEW MSR Exchange, DSCR, DPA/Energy, Automated Bank Statement Analysis; LO Comp Changes

Tue, Jul 8 2025, 12:17 PM

We’re in the summer travel season. TSA will be eliminating its “shoes off” policy, and many will be sampling today’s rollout of Spicy McMuffin breakfa...

NEW Fee Collection, HELOC Products; Webinars and Training This Week; Disaster and FEMA Updates

Mon, Jul 7 2025, 11:51 AM

The nation is gripped with the flooding in Texas, the loss of human life and property, and how best to prevent future similar occurrences given the in...

NEW HELOC Products; Bank Builder JV; Customer Service and Compliance; Employment Data

Thu, Jul 3 2025, 11:48 AM

Tomorrow is the 4th of July, the only time of the year Americans say the day and month in the correct order. We find ourselves in the traditional “dog...

NEW Processing, Lead-Gen Tools; HELOCs, 2nds, Non-Agency Products; Maryland's DSCR Controversy

Wed, Jul 2 2025, 11:51 AM

“Pro Tip: Here’s a friendly 4th of July reminder that absolutely no one is going to watch the videos of the fireworks you record on your phone.” You c...

NEW FICO Simulation, Georgia Servicing, Recapture Tools; What LOs Should Be Doing Now; Deficits and the New Tax Bill

Tue, Jul 1 2025, 11:50 AM

“Life is like a roll of toilet paper: The closer you get to the end, the faster it goes.” Just like that, 2025 is half over. With it have come changes...

NEW Automation, HELOC Products; The Current State of Regulation and Compliance; Interest Rates Sagging

Mon, Jun 30 2025, 11:42 AM

“The seminar ‘How to avoid frauds’ is canceled. Tickets are non-refundable.” Mortgage fraud is alive and well in the United States. In Utah, Kouri Ric...

NEW HELOC, Ops Tools; STRATMOR and Servicing; The Importance of Marketing; Freddie Fannie News

Fri, Jun 27 2025, 11:57 AM

Does anyone pay with cash anymore, or actually have the money in their bank account? Credit card debt is now $1.1 trillion. There is even a credit car...

NEW Hedging, Processing, Community Lending, Servicing, Mortgage Intelligence Tools

Thu, Jun 26 2025, 11:40 AM

“I've been experimenting with breeding racing deer. People have accused me of just trying to make a fast buck.” There are no fast bucks to be made in ...

NEW TBA Trading, Servicing Compliance, Digital Marketing, DPA Products; Bank M&A Continues

Wed, Jun 25 2025, 11:41 AM

AI doesn’t have an NMLS number. (Zillow has never, ever set foot in a house for that matter.) Do you own a computer? Most in lending do. Elon Musk? I ...

NEW SOC, Warehouse, Legal Guidance Tools; Webinar on Comp; LOs as Financial Advisors; Rates Rangebound

Tue, Jun 24 2025, 11:55 AM

Residential business is coming through in dribs and drabs for many lenders, but that doesn’t stop all the random news out there. To no one’s surprise,...

NEW HELOCs and 2nds, Doc Tracking, Execution, POS, Webinars and Training; Rates Steady Despite Iran Conflict

Mon, Jun 23 2025, 11:55 AM

For many, business is slow out there, and the industry waits for the House vote on the abusive trigger lead bill. Depository banks continue to focus o...

NEW Digital HELOC, Appraisal Review Products; Background AI; Hurricane Season is Here; Rates Holding Steady

Fri, Jun 20 2025, 11:42 AM

Happy Summer Solstice, and happy 50th birthday to the movie Jaws. Back then, for security, all we had to remember was where we hid our house key, or t...

NEW HELOC, Marketing, Down Payment Products; STRATMOR Tech Survey; Compliance Based on Customer Expectations

Wed, Jun 18 2025, 11:53 AM

Today we hear from the U.S. Federal Reserve. We can expect no change to overnight fed funds. As pointed yesterday by Dr. Paul Brewbaker, the economist...

NEW Marketing, Broker, Processing, MSR Trading Platform; LOs and MISMO; Webinars and Training

Tue, Jun 17 2025, 11:46 AM

In Spain, Spaniards are shooting water pistols at foreigners to protest the impact of mass tourism: it has created a housing crunch. Tourism in the Un...

NEW Cook County DPA, Processing Automation, LO Pricing Tools; Mortgage Cost Map; Conv. Conf. News

Mon, Jun 16 2025, 11:43 AM

Any food science major will tell you that the difference between jelly and jam is that jam has chunks of fruit in it; jelly is strained. There is also...

NEW 2nd Lien Reverse, Borrower Aid, Legal Counsel Products; FHA, USDA, VA Changes; FBC Rebrand

Fri, Jun 13 2025, 11:51 AM

Hey, for you LOs who think things are slow, you can always go into golf. The best example of this is ex-LO Ben Griffin who has racked up $11 million i...

NEW Correspondent, Jumbo, POS Tools; Fairway/Hallmark Deal; HELOC, 2nd, Non-QM News

Thu, Jun 12 2025, 11:51 AM

“I was always a home builder, but lately I’ve developed an apartment complex.” Here in Florida, so many structures are made of stucco because stucco i...

NEW Processing, Non-QM, LOS, Warehouse Tools; Legal Firm and Compliance News

Wed, Jun 11 2025, 11:50 AM

Here in Tampa, I was walking through the hotel bar last night when I overheard someone say, “Age 60 might be the new 40, but 9:00 PM is the new midnig...

NEW LO Survey; Dashboard, MERS Audit, POS, Sevicing, Audit Tools; LOs and Real Estate Agents; Price Cuts and Inventory Increases

Tue, Jun 10 2025, 11:42 AM

“Why is Ireland so expensive? House prices are always Dublin'.” Those days are temporarily over in the United States, and the pendulum is quickly swin...

NEW Fee Cure, Short-Term Rental Appraisal, Servicing, Move-Up Products; Freddie and Fannie News

Mon, Jun 9 2025, 11:52 AM

For the next several days I am in Florida, in mortgage meetings and the MBAF, and in Saturday’s Commentary I noted the intense flurry of conference ac...

NEW Correspondent, Warehouse, HELOC, Broker, Coaching Products; Training and Events; Fresh Jobs Data

Fri, Jun 6 2025, 11:45 AM

Today is the 81st anniversary of D-Day. “My granddad was responsible for 25 downed German planes in WW II. To this day, he is still known as the worst...

NEW Hedging, Reverse 2nd Lien, HELOC, Borrower Portal, Broker, 2nd Mortgage Products; Florida Insurance News

Thu, Jun 5 2025, 11:48 AM

The last time I was in Florida I saw a bumper sticker that said, “I thought growing old would take longer.” This weekend I return to the Sunshine Stat...

NEW MBS Pooling, HELOC, Verification Tools; Listings Hit All-Time High; Marginal Costs to Produce a Loan

Wed, Jun 4 2025, 11:52 AM

As the world is watching the chicks learn to fly on the eagle cam, in the human world there are more “For Sale” signs. You know that problem we’ve had...

NEW Borrower Psychology, Marketing, DSCR, AUS for Non-QM; Note on LO Strategy; Supply Manager's Telling Comments

Tue, Jun 3 2025, 11:50 AM

My cat Myrtle never seemed to listen, but heard lots. LOs can hear the difference, when dealing with a borrower, between “What is your rate?” versus “...

NEW POS, Borrower Interface, Ops, Verification Tools; Conv. Conforming News

Mon, Jun 2 2025, 11:51 AM

Any lender or mortgage loan originator hoping for lower rates to spur business is learning that hope is not a strategy. “Rob, you’re always talking ab...

NEW Correspondent DPA, Home Equity Products; Training and Webinars in June; STRATMOR on Navigating DC

Fri, May 30 2025, 11:42 AM

“Rob, what are the odds that the MBA will set up a ‘Man Park’ at the big conference in Las Vegas in October?” Slim to none. The United States is an in...

NEW AI Hedging, Application, Processing Tools; Builder/Lender M&A; Freddie-Fannie Saga Continues

Thu, May 29 2025, 11:50 AM

How about those junk emails that start off with, “I’m not going to waste your time.” It already wasted my time. Is it a waste of time paying attention...

NEW MBS Pooling, CRM, Processing Tools; Second, HELOC, ITIN, Jumbo Product News; Builder CEO Survey

Wed, May 28 2025, 11:40 AM

Overheard in the hallways at last week’s MBA conference: “At my age, instead of a condom I carry a moist towelette in my wallet. At my age, I run into...

NEW Servicing, MERS Review, Broker Training; Disaster News; Bill Dallas Podcast Interview

Tue, May 27 2025, 11:26 AM

Are your underwriters this fast? The current Administration has been fast to ax groups of employees in various government departments, including the A...

NEW Servicing With AI, Borrower Portal, 2nd Lien Products; Bill Pulte, Freddie, and Fannie News

Fri, May 23 2025, 11:47 AM

“I can’t afford an Ancestry DNA kit to learn about my relatives. So instead, I posted online that I had won the Powerball Lottery.” Speaking of news d...

NEW Non-QM, QC Trends, Past Borrower Mining Tools; House Passes Spending Bill; Webinars Through Month-End

Thu, May 22 2025, 11:51 AM

Yesterday I headed west from the conference while my son Robbie headed south to the nCino nSight event. But while in Manhattan Dawn S. asked me, “How ...

NEW Non-QM, Post-Closing, POS, Warehouse Products; Vendor Marketplace; FHA, VA, and Ginnie news

Wed, May 21 2025, 11:50 AM

As nearly a thousand capital markets staff, managers, and vendors head home from Manhattan, united in trying to help borrowers, in a reflection of the...

NEW Automation Pilot; MBA Pooling, Marketing, Cyber Insurance, Processing Tools; MBA Open Door Auction

Tue, May 20 2025, 11:41 AM

A mullah, a rabbi, and a priest walk into a bar here in New York. The bartender says, “What is this, some kind of joke?” What isn’t a joke is people’s...

NEW POS, LOS, HELOC, Legal Products; IMB Per Loan is Still a Loss; Lower Rates vs. Debt and Inflation

Mon, May 19 2025, 11:22 AM

People who don’t attend the National Secondary here in Manhattan wonder what happens behind the scenes. Here you go. We had the MCT elevator failure l...

NEW DSCR Sales, Processing, UAD 3.6, Homebuyer, LO Locking Tools; STRATMOR Tech Survey

Fri, May 16 2025, 11:44 AM

This weekend is when many of us head to Manhattan for the MBA’s National Secondary event. For those flying in, check your ticket: NJ Transit’s on stri...

NEW Workflow, 2nd, Portfolio, Bridge, LOS Products; Pulte Interview; Rocket and Prepayment Speeds

Thu, May 15 2025, 11:50 AM

“There’s a splendid saying about the definition of an economist being someone who “will know tomorrow why the things they predicted yesterday didn't h...

NEW Non-QM, Automatic Admin, Due Diligence Tools; M&A for Lenders and Vendors

Wed, May 14 2025, 11:51 AM

As Roy Cohn once instructed a young Donald Trump, much can be accomplished by attacking first and dealing with the consequences later. I get opinions ...

NEW Compliance, Dashboard, Origination Tools; eNote News; New Econ Book; Conv. Conforming Changes

Tue, May 13 2025, 11:45 AM

No one in places like Florida or Myrtle Beach or Colorado’s Glenwood Springs wants to wake up to a headline, sensationalist or not, saying, “Vacation ...

NEW Coaching; Workflow, LO Mobile App, AI Products; Economist Selma Hepp Interview

Mon, May 12 2025, 11:44 AM

Nearly a thousand of us head to Manhattan in less than a week for the MBA’s Secondary Conference. In 2025 Q1, the median asking rent in New York City ...

NEW HELOC, Automation, Buy Before You Sell Tools; Trump Admin. and Disaster Monitoring; Guild Earnings

Fri, May 9 2025, 11:52 AM

Here’s something that our Fed can’t do anything about, inflation-wise: coconut prices have doubled due to extreme weather events. (More on weather and...

NEW Servicer Oversight, Vendor Management, CU Member Mining, VA, Compliance Tools; Tariffs and Remodeling

Thu, May 8 2025, 11:42 AM

“Why did the homeowner take so long in remodeling his home? He had trouble with da siding.” There are LOs, or correspondent investors, who have spent ...

NEW DPA, AI, Processing, Verification Tools; STRATMOR Tech Survey; Interview on Fraud Threats

Wed, May 7 2025, 11:48 AM

Most good loan originators are keenly aware of demographics in their area. Aren’t you tired of talking about a lack of inventory and builders’ supply ...

NEW STRATMOR's Tech Survey Results; Commercial Appraisal, Non-QM Investor, Compliance Tools

Tue, May 6 2025, 11:54 AM

This is the month of the MBA’s National Secondary in Manhattan. For some trivia, the nickname "The Big Apple" originated in the 1920s in reference to ...