Correspondent and Broker Products, LOS, Automation, FICO 10T, UAD 3.6 Tools

Group 1: Workflow Automation and Cost Savings - Clarifire's blog discusses how servicers are modernizing processes through workflow automation, highlighting examples like one-click trial modification letters and automated GSE exception handling, which lead to operational improvements [1] - The average Encompass customer is seeing a financial benefit of $1,056 per loan due to innovative workflows and automation, indicating significant ROI for lenders [4] Group 2: UAD 3.6 Preparation - Class Valuation emphasizes the importance of deep learning for lenders and appraisers in preparing for UAD 3.6, providing resources and a webinar series to facilitate understanding of the new format [2] Group 3: FICO Score 10T Integration - MCT and FICO have expanded their collaboration to integrate FICO Score 10T into MCT's software suite, enhancing credit intelligence for MSR portfolio managers and investors, and improving asset quality analysis [3] Group 4: Market Trends and Federal Reserve Actions - The Federal Reserve has cut the federal funds rate to a range of 3.50 to 3.75 percent, indicating a neutral policy stance with limited room for further reductions [8] - The Fed raised its 2026 GDP outlook and trimmed inflation forecasts, suggesting confidence in controlling inflation while planning to buy $40 billion in Treasury bills to ease liquidity strains [9] Group 5: Mortgage-Backed Securities (MBS) Insights - Loan balance pools are favored in MBS structuring for their predictability in prepayment behavior, with larger-balance UMBS 30-year pools currently paying the slowest due to refinancing challenges [10] - New loan-balance spec pools totaling $170.7 billion have entered the market, providing liquidity, while servicers like Rocket and AmeriHome are key determinants of prepayment outcomes [11][12]