Mortgage Accounting Compliance White Papers

Bank-owned mortgage entities face unique accounting and reporting challenges that traditional banking financial management systems struggle to address. Unlike portfolio lending models that focus on net interest income, mortgage banking is a transaction-based, high-volume, low-margin business requiring granular loan-level controls and specialized reporting capabilities. Mortgage banking is also highly cyclical, often stressing the ability of banks to manage budgets and drive consistent performance.

In January 2021, Loan Vision released Dr. Schell’s white paper that addressed several topics including the IRLC Fair Value. This March 2, 2021 white paper provides a valuation update based on 12-31-20 secondary margins common among mortgage companies.