NMP - September 2016 - 60

new to market Mortgage Technology YOU Are the Bus Driver By Andy W. Harris, CRMS "The passengers in the process cannot throw the bus driver (the mortgage loan originator) under the bus or the bus will crash with everyone inside." continued from page 18 companies confidence in the thirdparty vendors with whom they choose to work. An emblem will appear next to a notary's name in the Snapdocs database if he or she provides his or her identity verification via a driver's license, notary commission, background check report, and Errors & Omissions (E&O) insurance policy. "Connecting our borrowers with high-quality signing professionals is a commitment of Equity National Title, although it's not an easy task without the right technology," said Kim Dusseault, Chief Operating Officer of Equity National Title. "Snapdocs' enterprise technology platform is the central point of truth for us, as we push to meet SLAs and drive a premium borrower experience nmp news flash n the mortgage industry, we are the bus drivers on a noncash residential home purchase. The mortgage process and the dozens of people involved with it simply steer the application to closing. The passengers in the process cannot throw the bus driver (the mortgage loan originator) under the bus or the bus will crash with everyone inside. Many, for some reason, fail to realize this and assume the real estate agent is the driver. That is a very dangerous perception for 60 all passengers and the driver of the bus, but even worse for the consumer/client passenger. Our level of regulation and control on the new mortgage liability should be clear to all parties. The mortgage process is vitally important without exception and the consumer is the most protected and important passenger. For those that are trained to fight the process or not respect it, they will certainly have a bad experience. Our job is to follow the laws, maintain the speed limit so that we don't crash, and set realistic expectations for when we'll arrive at our destination. We might find a short cut and provide everyone with good news, or there might be a few speed bumps we need to prepare the passengers for. Good drivers are respected and re-hired. They might even impress the passengers so much they refer them to friends and family and share great stories. Bad drivers could face complaints, or even worse, fines and potentially having their license stripped. Don't be a bad driver. Have confidence and be a leader. Instruct and control your passengers and don't let them try to get in the driver's seat without a license or the ability to control the steering wheel. If you do hand that responsibility over, you will still be responsible for the outcome. Are you an originator? Send your stories! To have topics considered in future editions, please e-mail me with "OrigiNation" in the subject line at AHarris@VantageMortgageGroup.com. These can be confidential or your name and company can be referenced if you wish. You can also join the Facebook group by searching "OrigiNation." SEPTEMBER 2016 n National Mortgage Professional Magazine n NationalMortgageProfessional.com I Andy W. Harris, CRMS is president and owner of Lake Oswego, Ore.-based Vantage Mortgage Group Inc. and past president of the Oregon Association of Mortgage Professionals. He may be reached by phone at (877) 496-0431, e-mail AHarris@VantageMortgageGroup.com or visit VantageMortgageGroup.com. without tapping additional resources." Your turn National Mortgage Professional Magazine invites you to submit any information promoting new "niche" loan programs, new products or any other announcement related to the introduction of a new program, to the attention of: New to Market column Phone #: (516) 409-5555 E-mail: newsroom@nmpmediacorp.com Note: Submissions sent via e-mail are preferred. The deadline for submissions is the 1st of the month prior to the target issue. continued from page 37 1971 in the company's secondary mortgage group. In 1974, he was named vice president of secondary market operations and national accounts sales. He later established MGIC's operations in the Northeast United States. In 1979, Bill returned to Milwaukee to head national sales support, marketing, secondary market operations and the national accounts group. Named president of MGIC in 1982, Bill focused the company on developing strong customer relations MGIC Mourns the Loss of and risk management. The 1980s Former Chairman and CEO brought a volatile mortgage market William Lacy and a change in company ownership Mortgage in 1985, during which Bill assumed Guaranty the duties of chief executive officer. Insurance He was appointed president and Corporation chief executive officer of MGIC (MGIC), the Investment Corporation in 1987. principal When Bill retired in 1999, MGIC was subsidiary of MGIC Investment the nation's leading provider of private mortgage insurance with Corporation, mourns the loss of insurance-in-force of over $145 William H. Lacy, retired chairman billion, covering 1.4 million and chief executive officer who mortgages. passed away on Aug. 28 of Bill served on several private and respiratory failure. On behalf of MGIC, non-executive public company boards of directors over his career. Most recently, he chairman Curt Culver said: served as non-executive independent "It is with great sadness that we director for Johnson Controls Inc., a announce today the passing of my role he held since 1997. Bill had also friend and colleague, Bill Lacy. His served as a director of Ocwen thoughtful leadership saw MGIC Financial Corp, IMX Exchange, Inc., through tremendous changes, and Total Logistics Control, ACA Capital, helped shape the company into the industry leader that it remains to this Firstar Corporation and Manifold Capital Corp. Bill is survived by his day. On behalf of our Board of four children, Tom Lacy (Jane Directors, executive management team and employees, we mourn his Scripp), Sara Kate Knight (Colin), David Lacy (Tricia Eyster), and loss and extend our deepest Margaret Lacy Meyer (Jacob). He has sympathies to his family." Lacy began his career at MGIC in 11 grandchildren including, Catherine affected so many people in the Gulf region," said Brian Coester, chief executive officer of CoesterVMS. "Water, although sometimes disastrous, is also essential. That is part of the reason we wanted to provide people with this basic need." The water donation will be given to the Capital Area United Way in Baton Rouge, La. which distributed the water to locals in need. http://www.VantageMortgageGroup.com

Table of Contents for the Digital Edition of NMP - September 2016

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NMP - September 2016 - Table of Contents
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