 Become an Ambassador to your community by partnering with Envoy Correspondent’s Charity Awards Challenge.
The Charity Awards Challenge is a charitable program created for our qualified mortgage lenders to give back to their communities. Lenders who qualify will be able to award the Charity of their choice with a donation, on their behalf, of up to $30,000! By partnering with Envoy and participating in the Charity Award$ Challenge , many of our qualified mortgage lenders have been able to give back to their communities in a special way. In 2015 alone, our winning lenders and Envoy donated $137,500 to 24 qualified charities from throughout the country, each one having a direct/personal connection to the qualifying mortgage lender. The donations will help fund causes like pediatric cancer research, domestic violence and homeless shelters, athletic scholarships, food banks and children’s advocacy programs. For more information on this amazing program: Call 1-855-ENVOYCLD or go to https://envoymortgage.com/charity-award-challenge/
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 HomeReady® mortgage is getting even better. Among several enhancements detailed in the July 26 Selling Guide Announcement (SEL-2016-06), we’ve simplified some HomeReady requirements and added more homeownership education and advising options to empower HomeReady buyers for smart homeownership.
Simplifying the requirements. HomeReady will no longer require homeownership education for refinances nor will it require landlord education for two- to four-unit properties. Expanding options to meet consumer needs. We’re providing additional flexibility to meet the homeownership education requirement for borrowers using Community Seconds® or down payment assistance programs, and for borrowers who receive one-on-one assistance from independent, professional homeownership advisors (also known as housing counselors). Deepening our commitment to sustainable homeownership. Later this year, we will introduce incentives for lenders to encourage more borrowers to take advantage of independent professional homeownership advisors. We will allow one-on-one assistance as a compensating factor in Desktop Underwriter® (DU®) to allow a debt-to-income (DTI) ratio higher than 45%, up to 50%, and we’ll give lenders a $500 LLPA credit at delivery (effective in a future DU release). We’re making other HomeReady changes, including allowing home buyers to own other residential property. You can find details in the Selling Guide Announcement (SEL-2016-06), and please visit the HomeReady page to check out our updated resources. I look forward to talking with you about how HomeReady can help you reach new markets and expand access to credit responsibly.  CommLoan.com has created a platform capable of sorting through hundreds of lenders and potentially thousands of loan programs to match commercial mortgage borrowers with the perfect loan product, while providing white glove service.
CommLoan.com's cutting-edge commercial lending technology is redefining the status quo and opens the door that allows TMC's Lender Members to bring one stop shopping, commercial lending opportunities to their customers - fully branded in their name! Our members are always looking for ways to create additional revenue, and CommLoan.com allows lenders the opportunity to profit from the commercial loan opportunities they all come across. With hundreds of different commercial lenders to choose from, borrowers are assured the best fit possible! For more information on how to being profiting from commercial loan opportunities, contact Eric Little. July 15, 2016
The Honorable Melvin L Watt, Director Federal Housing Finance Agency Constitution Center 400 7th St. SW Washington, DC 20219 Re: Front-end Credit Risk Transfers Dear Director Watt, We commend FHFA for beginning the discussion of front-end credit risk transfers however based on the need for a collateralized recourse agreement for small lenders to participate the gate isn’t wide enough. The Mortgage Collaborative (TMC) represents $110 Billion a year in aggregate loan production from small to mid size lenders and we believe they should be treated equitably with the larger institutions. Currently small lenders operate in a disadvantaged market given capital requirements and repurchase agreements. We support MBA’s position of deeper mortgage insurance that would cultivate small lender competitiveness. TMC also encourages shelters for small lenders with constraints on volume discounts. The Mortgage Insurance Companies extensive capital raises since 2007 has put them in a strong position to facilitate the above and keep the playing field level for all that wish to participate in loan securitization. An accessible, straightforward secondary market is what will move real housing reform forward. This can only be accomplished with the correct form of front-end credit risk transfers. Sincerely, John M. Robbins, CMB David G. Kittle, CMB Chairman Vice Chairman Jim Park Gary Acosta CEO Partner At The Mortgage Collaborative, we pride ourselves on providing a comprehensive and creative value propositon to our lender members for a very low annual cost of membership.
And a big part of the value of membership are our two conferences each year. Our Summer Conference will take place at the Four Seasons Hotel & Resort in Denver, CO on August 21-23. The block of rooms at the host hotel is just about sold out (are neighboring options). But we did decide this morning to extend the early bird registration discount that recently expired to next Friday, July 29th. We let our members set the agenda for our conferences, and here’s what you can expect to see when the agenda is released later next week: Some of the industries most prominent leaders and speakers: Dave Stevens, Bill Emerson, Rob Chrisman, top executives from Fannie/Freddie/MBA, the CFPB’s Ombudsman’s Office, and leaders of many of the most innovative companies in the real estate finance industry. MORE lender networking. Our normal Tuesday morning full group networking session, plus targeted lender only breakout networking sessions on Monday afternoon. Four different on and off-site networking cocktail receptions. And an interactive lender/partner networking session on Sunday afternoon. Relevant real time educational sessions. You’re not going to get the same ole’ “Surviving TRID” and “How to Understand Millenials” sessions at a TMC conference. We’ll have targeted educational sessions on implementing eMortgages, increasing your firm’s operational efficiency, creative growth strategies, and the most viable emerging technology products and initiatives in the industry. And much more! See you in Denver! :-)  National Credit Service, better known as NCS has been in business since 1978 and offers a suite of products that includes but is not limited to 4506-T Processing, SSA Verification, Instant Bank Statements, and FACTCheck (Cash Flow Analysis product). NCS provides quick turn times, excellent customer service, and competitive pricing for members of The Mortgage Collaborative.
NCS has been doing 4506T verifications longer than anyone in the industry and their expertise in this area is what differentiates them from the competition! For more information on NCS: http://www.ncstrv.com/Home  A global outsourcing company focused entirely within the Mortgage Eco-System. Their deep Mortgage domain knowledge allows them to offer their clients top quality offshore teams with custom end-to-end solutions focused on increasing efficiency and lowering cost with a proven platform to scale. Assimilate Solutions differentiates itself through:
· Proven track record (since 2003) of providing third party services and building captive offshore assets within the mortgage eco-system. · Deep domain knowledge: US and India based mortgage and execution leadership; Offshore mortgage professionals with, on average, 8 years of US mortgage experience. · Lowest personnel attrition rates in the sector - <4% turnover. · Custom solutions designed around your business process with end-to-end coverage options to span the entire loan cycle. · Ability to rapidly deliver flexible global sourcing services; processes can be migrated and in production within weeks. Please reach out to Sonny Chopra to explore ways that they can help your firm lower labor costs, increase efficiency and manage market fluctuations with an Assimilate offshore team. For more information on Assimilate Solutions : www.assimilatesolutions.com  String brings more than 8 million man hours of collective experience in title and mortgage processes to every client engagement.
Given its Wall Street roots, String has been working with top mortgage lenders and brokers for over a decade on loans of every stripe and complexity. String has a team of experienced underwriters and trained loan processing analysts who are thoroughly conversant with the end-to-end mortgage process. String not only has short turn times on the fulfillment services they provide, they help The Mortgage Collaborative's Lender Members operate more efficiently. For more information on String and how they can help your firm close loans quicker & more cost effectively : http://stringinfo.com/  *Please refer to the TMC Member Event Calendar to register for this insightful webinar on July 14th @ 2:00pm EST that you will not want to miss!
The purpose of the webinar will be to cover: • Who are Millennials…really.? They may not be who you think they are! • How do Millennials evaluate you as a company they will do business with and/or work for? • What are Millennials unique purchase path? • How does social media REALLY fit in and what do Millennials expect? • How to make sure your brand has the WOW factor? |
Rich Swerbinsky
TMC - Chief Operating Officer 
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