Madan Chaukulkar

Fannie Mae's Economic and Strategic Research (ESR) Group surveyed nearly 200 senior mortgage executives to better understand how they feel about Technology Service Providers (TSPs). Check out the Perspectives Blog to discover their findings: https://spr.ly/6048jyhe8

4

Fannie Mae predicts home prices will continue to rise! In our latest CUInsight article, JP Kelly, SVP of Mortgage at MeridianLink®, draws on over 30 years of industry experience to share proven strategies for #financialinstitutions to effectively support borrowers. Get your insights here: https://gag.gl/zbECdL #MortgageLending #HousingMarket

1

Fantastic insights from our President Sanjiv Das on the latest episode of Bank Automation News’ podcast “The Buzz.” Sanjiv discussed the state of consumer lending, the growing #POS financing space, and how Pagaya leverages #AI and #data to increase financial opportunities and improve financial inclusion. Tune into the episode below.

12

Just returned from #IMN #SFR East in Miami, where I experienced a different but insightful energy. The conference showcased a diverse vendor range, notably with an increase in BTR builders alongside lenders and service providers, some smart vendors but noticeably less folks working on data sales, data movement, avm's and other acquisition tech. Key themes revolved around abundant capital and tight / mispriced on market deals, BTR and financing emphasis, and operational optimization. AI themes were prevalent, focusing on data cleanup, tenant chatbots, as well as overhyped and disturbingly referenced 'magic AI decision machine.' I walk away re-inforced by the idea that the asset class as a whole has a lot of long term value but where we are in the cycle, a lot of the "quick value" created by on market MLS acquisition will need to be held a while to realize returns. Folks are taking the time to get data ready and to think about tech. Data readiness and strategic leadership in AI for SFR is much more mature than it has been in the past with folks realizing what it actually takes and setting up process and systems to sharpen and/or select their solutions, build there teams and deploy with thoughtfulness and care. The key is to approach AI adoption with balanced expectations to unlock its full potential. Excited to witness these trends evolve and continue discussions on the future of AI in real estate. #IMNSFREast #AIinRealEstate #PropTech #DataReadiness #ThoughtLeadership

15

1 Comment

This week will mark the one-year anniversary of The Federal Reserve's FedNow real-time payment network. Real-time payments are at the core of the swiftly evolving payment landscape across B2C and B2B payments. While instant payments are transforming the sector through quicker settlement times, heightened efficiency, and more effective financial management, FedNow's next challenge will soon lie in attaining significant cross-border volume in the future. #Capgemini

20

When it comes to adoption of tech, John Soffronoff, Partner at Capco, explains that community banks have a unique opportunity to build on their existing customer service advantage by offering personalized and customized solutions. View the American Banker article here: https://okt.to/kBjCrT #Bankingindustry #Communitybanking #Industryinsights

3

FitchRatings reports, "Recent Vintages Propel U.S. RMBS Delinquencies Upward." Leverage a cloud-native analytical platform that offers comprehensive agency loan performance data, alongside essential models for valuations, risk analytics, and cash flows for both MSRs and their derivative hedges. This solution delivers the clarity required at an unexpectedly affordable rate. Discover more in RiskSpan's latest blog post: https://lnkd.in/gibSHFVr

1

🚀 Curious about how FedNow is reshaping the payments industry? With 600+ financial institutions on the network, FedNow poses a threat to credit card rewards programs, opening doors for merchant-funded rewards. Read our latest blog for insights on the future of payment rewards and strategies for navigating this evolving landscape. #Banking #Payments #Innovation #FinancialServices

1

Sign up to hear solutions that could help reduce fraud risk for your company.

2

This is great article from important research. Lenders need to drive velocity to win. Most lenders get 2-3x more applications than loans they fund, as borrowers shop around. Speed will win these shoppers and drive a lot more revenue and margin for lenders. TRUE provides near real time processing of mortgage documents and data with no human in the loop required. This is a huge contrast to other OCR type providers who rely on human review. The business advantage TRUE provides lenders is the speed they need to win more deals. And because no human is required, LOs and LOAs free up to pursue those applicants with a more “white glove treatment”. TRUE customers close 100s to 1000s more loans per year on average, creating $ millions in incremental revenue.

15

1 Comment

Hard to believe that 2024 is now half-way over!! While we catch our collective breath, I am pleased to present the Q2-2024 edition of Middle Market Perspectives which I developed using information from LSEG Data Analytics to provide insights into the competitive dynamics of U.S. Middle Market lending. While the near-term outlook for the U.S. Middle Market is challenging with increased competition among commercial banks and private credit, uncertainty surrounding the outcome of the November U.S. Presidential election, and the Fed’s timing for interest rate reductions, there is an expectation that M&A activity and loan demand will rebound through the remainder of 2024 and into 2025. Please enjoy the read.    #tdbank #td #tdleadership #business #cfo #cfos #cfoinsights #cfocommunity #cpa #cpas #amplifyImpact #commercialbanking #commerciallending #commerciallender #communitybanking #banking #pcipa #aicpa #supplychain #wharton #whartonexeced #whartonexecutiveeducation #middlemarket #middlemarketlending #interestrates #credit #creditmarkets #amdg #corporatelending #corporatebanking  

18

It’s been a few days since the Institutional Investor Private Credit Forum, but I’m still thinking about some of the insights David Gaito, head of Direct Lending at Fidelity Investments, shared during his interview-style session, Capitalizing on Opportunities in Direct Lending. There are a lot of questions surrounding the field of direct lending and how current market conditions may impact the space, but even though the session lasted only 15 minutes, David managed to pack in valuable insights, like: ▪️ The key differentiators that can set successful direct lending firms apart in today’s competitive market ▪️ How established firms may adapt to the pressure of the influx of new entrants and abundant capital in the private credit space, to potentially avoid a “race to the bottom” ▪️ What risk mitigation practices can be put in place for the private credit market to prepare itself for a potential economic downturn If you couldn’t make the event, you can learn more about direct lending here: https://bit.ly/45paSOj

29

As traditional lenders hold back on #commercialloans, #privatecredit continues to grow fast. But it's not all bad news for #sellside banks. See why in a new blog post. http://spr.ly/6044bp6Uo

3

🌟 Did you know that Fannie Mae, Freddie Mac, and CSBS have agreed to share nonbank information? 🏦💼 This collaboration is a game-changer in the mortgage industry, paving the way for enhanced transparency and cooperation. 🚀 Check out the article below to learn more about this groundbreaking partnership! 👇 📰 Article: https://lnkd.in/e6dMQVeC 🔍 Dive into the details and discover how this collaboration will shape the future of mortgage lending! 🌐 Don't miss out on staying ahead of the curve! 📈 #FannieMae #FreddieMac #CSBS #MortgageIndustry #Collaboration #Innovation #Transparency #Partnership #FinancialNews #BreakingNews #RealEstate #MarketTrends #Regulation #Finance #MortgageLending #Progress #Insights #StayInformed #MustRead #IndustryNews #JoinTheConversation Like, comment, visit the TRAiNED Page and share to spread the word! 📣

4

Time ⏰ flies ✈ : It's been a fantastic first month working at BNY Mellon! By far the most common question I've received in that time is "What does #AI have to do with banking?" Our CEO Robin Vince addressed this in detail during our Q1 earnings call and again during an interview on CNBC (discussion on AI starts around ~3:40) - check it out to learn more about how we see the future of financial services!

41

1 Comment

Related to my last post! Third party tech is critical for most if not all IMBs. As a tech (or business) leader, you have a responsibility to properly vet and manage the change of any platform. Don’t fall prey to the one size fits all deployment model. You know your business better than anyone else.

6