Mortgage Evolution, Employment, Vendor Services; Fed Hawk Talk Persists

Does evolution lead to success? Major League Baseball is banking that instituting a pitch clock and banning defensive shifts starting next year will lead towards shorter games and more fan interest. M.L.B. will also increase base sizes by three inches to reduce injuries and increase stolen base attempts. The league must be envious of the continued success of the N.F.L., which kicked off its regular season this past weekend. Television viewership for the N.F.L. in 2021 was its strongest in six years, even as most television programming around it craters in popularity. Last year, television networks committed about $110 billion for the rights to show the N.F.L. for the next decade, putting the league on track to meet Commissioner Roger Goodell’s goal of earning $25 billion in revenue annually in 2027. Mortgage companies are also looking to evolve to increase revenue. Expanded product offerings, cutting overhead, automating processes, and advancing tech stacks are just some solutions being explored by executives as high mortgage rates crimp borrower demand. (Available here, this week’s podcast is sponsored by SimpleNexus an nCino company and award-winning developer of mobile-first technology for the modern mortgage lender. Todays has an interview with Incenter Appraisal Management President Mark Walser on evolution and innovation in the appraisal space.) Industry Products and Services From groundbreaking advancements in artificial intelligence to offbeat inventions like these wearable fans for pets in hot climates, mankind can achieve just about anything with technology when it’s wielded effectively. SimpleNexus is helping mortgage professionals effectively wield its technology with its Homeownership Journey Demo Series, which provides an inside look into how its tools are best leveraged to improve borrower experience, streamline processes and maximize ROI. Get insight into SimpleNexus’ seamless, collaborative technology and how it works for loan officers, borrowers, real estate agents, and settlement and closing professionals. Watch the series on demand today.