Expanding your mortgage ecosystem through integrations with fintechs and beyond

Data shows that 41% of loan applicants under-state their income while 38% over-state their income. In a tightening economy this becomes more important to consumers and lenders as it impacts access to credit and financing. Better understanding these income discrepancies early in the application process will result in an increase in loan conversions. The earlier a lender has an accurate picture of an applicant's credit worthiness, the more the bank wins.

Financial institutions are subject to an overwhelming – and changing – myriad of federal laws that deal with real estate loan collections and servicing, including the Truth in Lending Act (Reg Z), the Real Estate Settlement Procedures Act (Reg X), the Fair Debt Collection Practices Act (and UDAAP), the Fair Credit Reporting Act (Reg V), and the Equal Credit Opportunity Act (Reg B). Within the last few years, there have been many important changes to these laws regarding restrictions on collection procedures, mortgage default notices, successors in interest, timing restrictions on mortgage foreclosures, and new bankruptcy protections.

Headlines broadcast “DIGITALIZATION!” The prevalence of cell phones and online shopping remind us that we’re already living digitally. But what about your tax team? They should be living digitally, too, since technological advances will continue to impact them — especially as governments increasingly adopt technology. Are you wo

WSO2 Open Banking has undergone several feature enhancements over the past couple of months. Many of them focus on the Open Banking UK API standard v3.1. This session will take you through the feature enhancements and discuss what lies ahead for WSO2 Open Banking.