Loan Origination Processes and Challenges Part 2 – Mortgage Loans
Loan Origination Processes and Challenges Part 2 – Mortgage Loans
Posted by John Mateker on Mar 20, 2018
  In Part 1 of Loan Origination Processes and Challenges, I tackled consumer loans. In this blog I will address mortgage loans.  The regulatory environment has been a huge influence on how mortgages are processed today. TRID (TILA RESPA Integrated ...
CFPB Focus and Bulletins during 2017
Posted by The Mad Banker on Jan 22, 2018
Since its inception, in the summer of 2011, the Consumer Financial Protection Bureau (CFPB) has focused on implementing safeguards for John and Jane Q. Public to protect them from predatory, deceptive, and unfair practices developed and implemented ...
2018 Outlook – The Fed, Monetary Policy, and Interest Rates
Posted by Scott Edenfield on Jan 16, 2018
As the Holiday decorations are put back in storage and New Year’s resolutions tenuously stay on track before their inevitable demise; we here at The Mad Banker turn our eyes towards what the year ahead holds in regards to actions from our friends at ...
The Importance of Defining and Understanding Your Competitors
Posted by Steve Sharp on Jan 8, 2018
In any business, being able to name your competitors is an incredibly important practice. While this would seem to be a pretty straight forward exercise, it can become complicated quickly. For example, when looking at a large manufacturer such as ...
Mystery Shopping & Market Research: DIY or Hire a Professional
Posted by The Mad Banker on Dec 6, 2017
‘Actionable data’ is the goal when a bank or credit union mystery shops itself and its competition.  The importance of mystery shopping is to understand its business and market thoroughly, so prudent business decisions can be made.  The data ...
The Importance of Non- Interest Income, let’s not be so adverse to fee
Posted by Steve DiLoreto on Nov 15, 2017
Every business that offers products and services to consumers must face a very important aspect of their business plan or model; “How do we price our products and services to be profitable, but also maintain customer loyalty?” As you know, customer ...
Benefits of Courtesy Overdraft Programs
Posted by The Mad Banker on Oct 19, 2017
Courtesy Overdraft Programs are a service offered to consumers that allow them to avoid the embarrassment of denied transactions, or a way to access necessary funds in the event of an emergency situation. The scrutiny and actions of regulators, such ...
Loan Origination Processes and Challenges Part 1 – Consumer Loans
Posted by John Mateker on Sep 15, 2017
Note: The loan origination process is often a complex process requiring numerous handoffs between front and back office processes. The process also differs somewhat by loan type. Rather than provide a broader generalization of the end-to-end value ...
The Difference between Data, Information and Actionable Intelligence
Posted by The Mad Banker on Aug 29, 2017
There is a saying amongst the tech community that was coined by the statistician William E. Deming: “In God we trust, all others must bring data.” This was all well and good back in the 60’s, when an entire person’s life could be summarized on a few ...
"Taking the Bounce out of the Elasticity of Demand"
Posted by The Mad Banker on Aug 11, 2017
For Banks and Credit Unions, the post-recession environment has been a time of retrenchment and reinvention.  Those institutions still standing after the collapse of our economy have dusted themselves off and surveyed the new landscape of the ...
Aligning, Designing and Pricing Deposit Products to Meet Objectives
Posted by Harry Brammell on Jul 26, 2017
Though it’s a common cause for hesitation, financial institutions need not fear fees as they price their deposit products with the goal of growing revenue and profitability. While they must consider customer’s sensitivity to price changes, they ...
How I Learned to Stop Fighting the Fed
Posted by Scott Edenfield on Jul 14, 2017
One of the mantras most quoted for personal investors is, “Don’t Fight the Fed.” Essentially, the concept is that the pursuit of an investment strategy that runs counter to the economic environment that the Federal Reserve is attempting to promote, ...