• 8 Things you didn't know about Corey Miller

    Recently, Opus CMC’s Senior Application Architect Corey Miller won an award given to individuals in the finance industry who serve their companies in outstanding ways; HousingWire’s Insiders Award 2016. When we read about leaders in any industry, we often want to hear about their career path and inspirations. Of course, we love the inspiration but it is also fun to know a little bit about the person behind the success. In this blog, we asked Corey to share information about his career success as well as some little known facts that make him who he is: 

  • The Five Tenets of Quality Control

    Are you effectively managing Quality Control across all the key areas of your organization including processes, people, and technology? What are the key risks present in your operation today and what do you need to watch? An effective QA/QC program starts with a solid foundation into your risk organization and structure.

  • Maturing Risk Management in the Complex Mortgage Finance Environment

    In 2016 and 2017, we will see continued focus on compliance management, however the complexity of recent rules and the increase in regulator/audit activity are creating new risk management challenges for lenders; from budget constraints and tight margins to skinnying resources and tough competition. To safeguard a sustainable origination operation, lenders must take a hard look at their existing risk and compliance approach and identify ways in which they can be smarter in their management of risk, whether that means streamlining regulatory processes or revamping their quality control plans to be more adaptive. 

  • Opus CMC Honored as Silver & Bronze Stevie® Award Winners in 2016

    Posted by Jennifer LaBud | Chief  Operating  Officer | Opus CMC | Date: 24 June 2016

    I am so proud of the Opus CMC team! I just attended the American Business AwardsSM ceremony in NYC where Opus was awarded two separate Stevie Awards. Why is this so wonderful? The American Business Awards is the nation’s premier business awards program. Over 3,400 nominations from organizations of all sizes were submitted this year in a wide range of categories.

  • Leveraging Data and Analytics – 3 Methods to Improve Quality Control

    Posted by William Shuey | Director of Securitization | Opus CMC | Date: 16 June 2016

    Data (particularly of the Big variety) and Analytics are tech terms that have become so ubiquitous the meaning and function behind them have begun to fade. Like 'disruptive' before it, it has become standard practice to market your business as a data intensive. In terms of sheer data volume and velocity, it's probably true. Some authorities intimate roughly 90% of all existing digital data has been created in the last two years.  As most know, however, effective analytics is all that really matters. The data means nothing unless you know what to do with it.

  • When Zero is Good for Your Bottom Line

    Posted by Dough Bush | Compliance Officer | Opus CMC | Date: 6 April 2016

    There’s a significant opportunity for lenders to boost bottom line profits and gain competitive advantage by taking on a new, zero-tolerance approach to quality control. According Moody’s Investors Services, TRID defects were found in 90% of loan files reviewed by third parties. Lenders and investors attribute these defects to delayed closings, productivity issues, increasing origination costs, and investor reluctance. With that in mind, how will lending institutions continue to grow and evolve while effectively managing risk? 

  • A Toast to the New Culture of Compliance

    Posted by Rudy Zabran | Managing Director | Opus CMC | Date: 21 Jan 2016

    As we've entered into a new year, it's very clear that mortgage businesses have experienced significant changes to their processes, technologies, and best practices. The most significant change, however, is the re-calibration of mortgage businesses to ensure a more holistic risk management approach. From TRID implementation to vendor management and data security, compliance is not just a requirement, it is the new norm. To thrive in this compliance-driven environment, mortgage industry participants must remain aware and adaptable to regulatory change and ensure that compliance isn’t just a series of tasks but an organized strategy embedded into your overall operation. 

  • Servicer Self-assessment: Are You Asking the Right Questions?

    Posted by Chris Guidici | Director | Opus CMC | Date: 4 Dec 2015

    The mortgage world is a tangled web of interrelated businesses; Originators, Appraisers, Auditors, Investors, Regulators and the like. But perhaps no entity is as distinct as the Servicer. Obviously, they have one of the most lasting and impactful roles in the industry: the practice of accurately servicing home loans.  And for better or worse, no two servicers are alike. As with most other mortgage businesses, the servicing world has gotten increasingly complex.  But with proper oversight and an objective assessment of a servicing operation, complexity can be managed and the associated risks can be mitigated. It starts with asking the right questions.

  • Darwinism in the Mortgage Industry. Evolution at Work.

    Posted by Gopi Krish | General Manager | Wipro Limited | Date: 2 Oct 2015

    Evolution is a difficult concept for most – experienced but not fully understood. The residential lending experience is a telling lesson in Darwinism and the concepts of evolution. Market factors and the lending risk landscape resulted in a very different marketplace for financial institutions. This is Darwinism at its finest; great lending institutions evolve with attributes that help them to survive and grow. The institutions that don’t assimilate these traits will be rendered obsolete and wither away.

    What are these risk dimensions? How are organizations evolving in response and in anticipation?

  • Quality Control in Our Brave New (Heavily Regulated) World

    Posted by Nick Zabran | Opus CMC | Date: 15 Oct 2015

    There are few industries as dynamic as the mortgage industry. And few periods have been as transformative as the last seven years. The changes in the mortgage business have been driven by many factors, not the least of which is the regulatory environment. And just as compliance has changed, our Quality Control measures should change along with it.

    Knowing there is a need for change is one thing, knowing what or how to change is something else entirely. How do we transform our QC processes to adapt to new regulatory requirements? What are the focal points for Quality Control going forward? What is Quality Control?