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When loan officers have a broad, problem-solving focus — bolstered by diverse services, technologies and consistent attention to detail — their pipelines grow, writes the president of Incenter Lender Services.
October 15Incenter -
The Pittsburgh-based regional bank expects to save $325 million next year as it reduces its staff by 4%. Executives said the cuts are necessary because revenue has fallen amid a surge in interest rates and a decline in loan volumes.
October 13 -
Amplify Credit Union in Austin provided funding for the construction of 28 tiny homes to create more affordable housing in Round Rock, Texas. Several banks had previously shot down the project.
October 13 -
The consulting giant's annual global banking review highlights a stark trend: Over a seven-year period, more than 70% of the net increase in financial assets ended up not on U.S. banks' balance sheets, but instead at insurance and pension funds, sovereign wealth funds, in private capital markets and elsewhere.
October 12 -
Removing the requirement for the seller to pay the buyer's broker will make financing more difficult to get for certain groups.
October 12 -
Arizent released the findings of its third annual DEI report.
October 10 -
New American Funding's Patty Arvielo found hiring initiatives can help match lending with demographics but says hurdles to recruiting in general are high now.
October 10 -
High costs associated with fraud or defect risk this year have made some coverage compelling but thin mortgage business margins can make lenders selective.
October 6 -
The lender involved is interested in seeing how the newer model works in conjunction with nonconforming mortgages while the government-sponsored enterprises plan broader adoption.
October 5 -
Seventeen companies showed off their latest tech aimed at streamlining the lending experience.
October 4