Last week, I was particularly gratified by the number of people who not only read my commentary regarding why the closing table is so critical to driving conversion, but actually provided specific examples of how it's impacted their business.
There are things mortgage originators can learn from the pop singer regarding how to market your company and yourself.
Lenders and Realtors are hailing a new law that delays flood insurance premium increases, but unless the government takes actuarially prudent measures, rising sea levels could cost taxpayers dearly.
The rock and hard place between which lenders have found themselves in regard to the use of hiring screens and disparate impact (in hiring) just got a bit softer.
Jose Gonzalez, the first Hispanic president of a Federal Home Loan Bank, envisions eventually allowing new categories of lenders like REITs to join the system, but wants membership to stay as it is for now.
everyone, including the underwriter, has an impact on customer experience and denying that means you are no closer to addressing it.
The Consumer Financial Protection Bureau prohibits actions aimed at circumventing loan officer compensation rules. One example was a lender who permitted teams of LOs to share commissions.
Here is a list of responses to 15 questions that consumers typically ask mortgage originators when they are looking for reasons not to do business with them.
The lender can experience problems selling a loan that loses qualified mortgage rule's protection. The lender also could be stuck in a vulnerable position if that loan ultimately defaults.
Loan officers should not have to depend on business coming from real estate agents who make just $20,000 per year.
Latest forecasts for 2013 estimate $1 trillion in origination with many concerned it will drift lower over time.
Farmers have been benefiting from steady increases in commodity prices in recent years, partly driven by extreme weather. But the underpinnings of that growth seem to be on the wane.
Lenders should avoid repeated mistakes in their process as they could be used as evidence of a fraudulent intention to originate loans without proper safeguards and underwriting processes.
This sector is constrained by numerous and often complex issues, which span across the mortgage lifecycle, and affect a wide array of market participants, from the homeowner to the investor.
Dealing with the unnecessary intrusions in your business that keep you from earning the most money.