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2 Transforming the Industry Transformative is a word that is often thrown around our industry—whether it is attached to the "next big product" or the way a company is changing its corporate culture to attract the right employee. Despite being a popular buzzword, few things live up to the lasting change that true transformation brings. e same cannot be said for the evolutions taking place at the Federal Housing Association (FHA). Not many 85-year-old institutions can be described as ahead of the curve, but this organization is just that. e construction of a new system, "FHA Catalyst," thrusts the FHA into the digital age. In this this month's cover story, get an inside look at FHA Catalyst from HUD Deputy Secretary the Hon. Brian D. Montgomery. Keeping with the high-tech theme, Jeff Bradford, Founder and CEO of Bradford Technologies, discusses the way home appraisers have adapted to COVID-19 by generating appraisals from their desks—keeping practitioners and homeowners safe. Appraisers aren't the only mortgage professionals who have noticed the ground shifting since the pandemic started. In "Resurrecting Zombie Homes," Auction.com's VP of Market Economics Daren Blomquist examines the rise of vacant and abandoned properties, an unforeseen impact of foreclosure moratoriums. en, Joe Chappell, VP of Covius Settlement Services, untangles how data providers are beginning to model default rates when moratoriums lift. ough there are many challenges ahead, knowing that some of the nation's best minds are committed to protecting homeownership, makes the future look bright. Best, Rachel Williams Editor-in-Chief VOL. 18 NO. 10 EDITOR-IN-CHIEF Rachel Williams MANAGING EDITOR David Wharton EXECUTIVE CREATIVE DIRECTOR Jonathon Won REPORTERS Christina Hughes Babb CONTRIBUTORS Daren Blomquist Jeff Bradford Joe Chappell Brian D. Montgomery Denia Ray Mark Stockton ONLINE CONTRIBUTORS Chuck Green Phil Hall Andy Beth Miller COPY EDITOR Brandy Scott ADVERTISING Sales: 214.525.6700 2020 EDITORIAL ADVISORY BOARD Dawn Adams, SVP, Default Servicing, Roundpoint Mortgage Servicing Tendayi Kapfidze, Chief Economist, LendingTree Courtney Thompson, Director, Default Servicing Operations Jacob Williamson, VP, Distressed Assets, Fannie Mae Kim Yowell, EVP of Servicing, Fairway Independent Mortgage Corporation CHIEF EXECUTIVE OFFICER Todd Storch CHIEF FINANCIAL OFFICER Jonathan Hughes DESIGN Jordan Funderburk Jason Stone Jonathon Won No part of this publication may be reproduced without written permission from the publisher. ©2020 Five Star Global, LLC—All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. DS News strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. DS News does not guarantee the accuracy of the information, and is not liable for any damages, losses, or other detriments that may result from the use of these materials. Follow DSNewsDaily on From Our Desk