Today’s episode of The Big Picture with Rich & Rob featured Laura Schmidt, SVP of Enterprise Risk & Internal Audit at Rate. The show started with Rich & Rob having a back and forth about the Fed’s losing battle against inflation, the temporary shutdown and defanging of the CFPB, and the shifting risk landscape for mortgage lenders.
Laura also shared how she’s preps her team for regulatory and directional changes from administration to administration, the growing role of emerging tech in risk management, and why top lenders are self-regulating now rather than scrambling later. With massive industry shifts happening, one thing is clear: the mortgage world isn’t getting any easier, but those who stay ahead of the curve will win.
