One should only use the word “since” to indicate the passage of time, not to use it to mean “because.” This would be okay: “Since I joined Rose & Echevaria, we have grown by over 100 lawyers.” But this would not: “Since I go to the Farmers Market mainly for the goat cheese, I was shocked to hear that the goats are on strike.” I didn’t know this since, uh, because I went to public school. I mention this because in our language, there isn’t a lot innovative or new, but in residential lending, there is. Along those lines, MISMO’s President Brian Vieaux challenges a familiar assumption: that innovation in mortgage always means building something new. Instead, he argues that some of the industry’s greatest opportunities lie in eliminating outdated processes that add friction without adding value. Read why the future of mortgage may depend as much on what the industry chooses to let go of as on what it chooses to build next. This kind of forward thinking leads directly to strategy, and tomorrow, Rick Scherer, CMB, Chief Strategy Officer at NewFed Mortgage Corp., sponsored by Lenders One, discusses this kind of thinking on Mortgage Matters at 11AM PT. (Today’s podcast can be found here. This week’s ‘casts are sponsored by Experian Verify, providing mortgage lenders with automated income, employment, identity, and asset verification solutions that help accelerate underwriting while reducing fraud risk and manual documentation. Today’s has an interview with PMSI’s John Walsh on the mortgage investor reporting and accounting space.)
Employment and transitions
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This isn’t just another executive opening. It’s a chance to shape the future of mortgage technology. Floify is searching for a visionary General Manager to lead the next chapter of one of mortgage technology’s most trusted brands. This executive will drive company strategy, accelerate growth, strengthen our market presence, build and develop high-performing teams, and help shape the future of the business. We’re looking for a proven leader with deep mortgage technology experience, a track record of scaling organizations, and the ability to inspire teams while delivering results. This is a unique opportunity to make a lasting impact at a company known for innovation, exceptional customer satisfaction, and a people-first culture. If you’re ready to lead a growing organization through its next phase of success, we’d love to connect. Apply today. For consideration or to recommend someone from your network, email Courtney. All inquiries will remain confidential.
Ready to make your next move? Zillow Home Loans is hiring Mortgage Loan Officers across the country. Zillow Home Loans’ loan officers are backed by Zillow’s industry-leading technology and the most-visited real estate platform in the U.S. In this role, you’ll guide buyers with care and confidence, helping them move from pre-approval through closing with support from centralized processing, underwriting, and closing teams. You’ll be provided leads from buyers who are already shopping for homes in the Zillow Ecosystem and are ready to move. Join a company that’s reshaping an industry and helping more people make home a reality. Zillow was named a FORTUNE 100 Best Company to Work For® in 2025. Now hiring remotely in select locations. See open roles here. (Equal Housing Lender, NMLS #10287)
“TD Bank Mortgage is growing and we’re hiring top loan officers. TD Bank Mortgage offers a competitive range of products for all client types, including Conforming, Jumbo, Super Jumbo, Physician Loans, Construction-to-Permanent, and Cross-Border lending, empowering us to serve a wide range of clients. As the 10th largest U.S. bank, we provide the scale and brand strength to help originators succeed. We’re in growth mode and actively expanding portfolio and conforming lending creating exceptional opportunities for high-performing MLOs looking to take their production to the next level. Why TD Bank Mortgage? TD MLOs generate an average of 37 percent higher annual production than their peers, competitive compensation and strong operational support, experienced, stable sales leadership with an average tenure of 11+ years, and proven growth strategies and career development leading to one of the lowest MLO turnover rates in the industry. We are seeking experienced Mortgage Loan Officers producing a minimum of $15 million annually in NY, NJ, MA, CT, PA, FL, SC, NC, RI, ME, NH, VT, DC, VA, DE, and MD. If you’re ready to explore a growth opportunity with a market-leading organization, we’d love to connect.”
Finance of America announced the appointments of Maury Pipkin as Chief Information Security Officer and Bryan Summerhays as Senior Vice President, Revenue Growth and Channel Strategy. As Chief Information Security Officer, Pipkin will lead Finance of America’s enterprise cybersecurity strategy, helping strengthen the Company’s security posture while enabling continued innovation across its technology platform. And as SVP, Revenue Growth and Channel Strategy, Summerhays will lead initiatives focused on customer engagement, sales productivity and channel performance as the Company continues scaling its retail platform. Congratulations to both!
The Chrisman Job Board is the go-to platform for employment opportunities across the mortgage industry. For employers, adding a job listing is easy. Simply create an account and drop in your existing application link, or forward the details to our team and we’ll take care of it for you. For job seekers, joining our Talent Community is completely free. Upload your resume to be visible to hiring companies across the industry and stay connected to new opportunities as they go live.
Lender and broker software, products, and services
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“NMBNOW®, a recognized innovator in Non‑QM lending, is expanding into the wholesale lending market to give brokers the same dedicated, individualized service that fuels our retail success. Benefit from concierge support for scenarios, pricing, and underwriting—delivering fast decisions and tailored solutions for complex borrowers. Close more loans with flexible Non‑QM guidelines, seasoned underwriting, fast turn times, and competitive pricing. We handle diverse files, from DSCR, alt‑doc, and full‑doc loans (including those with recent housing or credit events) to ITIN borrowers and foreign nationals. Learn more and get approved. Contact: Joe Villani, EVP, TPO Lending.”
What if you could modernize execution without rebuilding your technology stack? JazzX AI was built for exactly that purpose. Rather than replacing your LOS, CRM, document systems, pricing engines, verification providers, or third-party services, JazzX sits above them as a System of Intelligence: An AI-native execution layer that orchestrates work across the mortgage lifecycle while preserving the systems you’ve already invested in. The result is a modern mortgage operation that becomes more adaptive, intelligent, and efficient without the cost, risk, and disruption of rip-and-replace initiatives. Want to see it in action? Book a demo with our team.
FraudGuard®: Experience Matters. Innovation Endures. Mortgage fraud continues to evolve, but one principle remains constant: effective prevention is built on experience and sustained through innovation. For more than two decades, FraudGuard from First American Data & Analytics has helped lenders identify and mitigate fraud risk before closing. Powered by the National Fraud Protection Database, more than 30 million loans contributed by over 1,100 lenders, along with FLEX consortium intelligence, property data, occupancy analytics, watchlists, and ongoing monitoring, FraudGuard delivers actionable risk intelligence within more than 30 loan origination systems. Today’s lenders need more than data verification… They need actionable intelligence. With FraudGuard, lenders move beyond verification to validation, and beyond validation to actionable risk intelligence. Market leadership is earned through proven results, not new product announcements. Learn more here or call (800) 333-4510.
Capture more HELOC volume with NFTYDoor! Lenders looking to capture more home equity volume can now offer their borrowers lower rates with a NFTYDoor HELOC. NFTYDoor’s lower rates deliver sharper pricing with the same flexible guidelines built to say “yes” (600+ FICO, up to 90 percent CLTV, and loan amounts up to $750K). Because NFTYDoor manages the full origination lifecycle from underwriting, processing, closing, and title curative, you can add a high-demand product without adding staff or infrastructure. Get your borrowers closing in as little as ZERO days! (6 days on average) with hospitality-grade human support on every file. Onboarding is fast and simple, allowing you to pass on these savings to your clients immediately. Apply today.
Truework, a Checkr Company, is the unified income, employment, and asset verification platform built for mortgage lenders, replacing slow, manual processes with fast and automated reports pulled directly from payroll providers and other authoritative data sources. Lenders see up to 50 percent cost savings on verifications, with faster turn times and higher accuracy. Trusted by 4 of the top 5 lenders in the US, Truework delivers verification results your team can rely on. Learn more.
Informative Research has rebuilt AccountChek from the ground up, and the result is a fast, resilient solution unified with the IR Verification Platform. The new AccountChek® introduces native Single Sign-On support, simplified user and billing management, faster report generation through asynchronous data harvesting, and enhanced disaster recovery capabilities built for the operational demands of mortgage lending. “AccountChek is designed for the unique demands of mortgage lending. This next iteration of the platform represents a major step forward in our verification strategy,” said IR President Matt Orlando. “Coupled with our recent acquisition in platform intelligence, we’re creating a stronger, scalable solution that reduces friction for borrowers and decreases manual tasks for lenders.” Read our blog to learn more about what’s changed in AccountChek.
The Chrisman Marketplace is a centralized hub for vendors and service providers across the industry to be viewed by lenders in a very cost-effective manner. We’re adding new providers daily, so check back often to see what’s new. To reserve your place or learn more, contact us at info@chrismancommentary.com.
RESPA: 52 years young
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Recently, on Mortgage Law Today, the knowledgeable panelists addressed a bedrock in lending compliance: 1974’s Real Estate Settlement Procedures Act. Always under examination, but is it too complicated to change?
RESPA has served the mortgage industry for more than fifty years, and its core purpose of protecting consumers from abusive referral practices remains an important objective. The question facing the industry today is whether the framework surrounding RESPA reflects the way mortgages are actually originated in 2026. When the statute was enacted, referrals were largely personal, local, and relationship driven.
Today, consumers begin their homebuying journey through search engines, digital marketplaces, comparison tools, social media, and increasingly artificial intelligence. Marketing, referrals, and consumer influence are no longer confined to the face-to-face relationships that shaped much of the original guidance.
Yet many of the industry’s compliance expectations continue to rely on interpretations developed decades ago for a marketplace that no longer exists. That disconnect leaves lenders trying to apply yesterday’s guidance to technologies and business models that regulators could not have anticipated when many of those interpretations were written.
Modernizing RESPA does not require abandoning its principles. Consumers should continue to receive transparent information, conflicts of interest should remain prohibited, and bad actors should still face meaningful consequences. But those protections should be accompanied by clearer, technology-neutral standards that distinguish legitimate digital marketing from prohibited referrals and provide practical guidance for emerging business models instead of relying on increasingly strained analogies to the past.
Mortgage lending has always evolved alongside consumer expectations, and regulation must evolve with it if it is going to remain both effective and predictable. A modern mortgage market deserves modern guidance, not because the industry’s values have changed, but because the way consumers find lenders, evaluate options, and complete transactions has fundamentally changed since RESPA first became law.
Capital markets: quiet ahead of the Fed announcement
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This morning Redwood Trust reported its second quarter financial results, notably showing that its mortgage banking production exceeded $8 billion for the second consecutive quarter, nearly double a year ago.
Mortgage-backed securities and U.S. Treasuries extended Friday’s rally to begin the week as crude oil fell from above $90 to near $82 per barrel after the weekend passed without additional U.S. strikes on Iran, raising hopes that diplomatic efforts may help contain tensions. The U.S. Treasury sold $69 billion in 2-year notes to good demand, though a $70 billion 5-year note sale was weak. Uncertainty remains elevated following last week’s global bond selloff, with investors still sharply divided over whether the Fed will raise rates again this month.
Interest-rate swaps imply roughly a 40 percent chance of a quarter-point rate hike, even though the Federal Open Market Committee is still widely expected to leave the federal funds target range unchanged at 3.50 percent to 3.75 percent, the fifth consecutive meeting without a policy change since December 2025. Cooler-than-expected inflation and employment data support a wait-and-see approach, although energy prices, tariffs, AI-driven electronics costs, and labor shortages in service industries give policymakers little reason to declare victory in the fight against inflation.
With forward guidance largely abandoned under Chair Warsh, both the policy statement and his press conference for clues about the Fed’s evolving reaction function will be closely dissected. Rather than offering explicit guidance, officials are likely to emphasize that any September decision will remain data dependent. Warsh appears poised to shift the Fed toward a somewhat more forward-looking framework while maintaining respect for incoming economic data. And whereas recent decades emphasized transparency and detailed signaling to shape market expectations, the new leadership may allow markets to incorporate new information independently while the Fed learns from those price signals instead of trying to steer them, a meaningful departure from the communication strategy investors have grown accustomed to.
Today’s economic calendar kicked off with June advance International Trade in Goods, advance Retail Inventories, and advance Wholesale Inventories, none of which moved rates. Later today brings FHFA’s Housing Price Index and S&P Case-Shiller Home Price Index for May, July Consumer Confidence, and a Treasury auction of $44 billion 7-year Treasury notes. We begin Tuesday with Agency MBS prices roughly unchanged from Monday’s close, the 2-year yielding 4.30, and the 10-year yielding 4.62 after closing yesterday at 4.64 percent.
Thank you to Stephen S. who sent:
A six-year-old asks her mother “Why do ducks have feathers?”
Answer: “To cover their qwacks.”
Visit www.ChrismanCommentary.com for more information on our industry partners, access archived commentaries, or subscribe to the Daily Mortgage News and Commentary. You can also explore the Chrisman Marketplace, a centralized hub connecting mortgage professionals with trusted vendors and solutions. If you’re interested, check out my periodic blog on the STRATMOR Group website. STRATMOR’s current blog is “Pricing That Can Help Borrowers.” The Commentary’s podcast is available on all major platforms, including Apple and Spotify.
qoɹ & ǝᴉqqoɹ
(Market data provided in partnership with MBS Live. For free job postings and to view candidate resumes, visit the Chrisman Job Board. This newsletter is intended for sophisticated mortgage professionals only. There are no paid endorsements by me. For the latest mortgage news, visit Mortgage News Daily. For archived commentaries, or to subscribe, go to www.ChrismanCommentary.com. Copyright 2026 Chrisman LLC. All rights reserved. Paid job & product listings do appear. This report or any portion hereof may not be reprinted, sold, or redistributed without the written consent of Rob Chrisman. The views and opinions in this newsletter are mine alone unless otherwise specifically stated herein.)
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