Loan Think

Last month, BMO Harris Bank changed policies on auto lending to pay a flat percentage of the loan amount to auto dealers making loans (sound familiar?).

The mortgage life support provided by the federal government since the crash is ebbing. It will be interesting to see if the industry can breathe on its own now.

The right use of technology will allow the originator to be the first responder to an inquiry.

Some words of advice to pass on to your referral sources and clients about the post-underwriting checks now in place.

So, every week I write a column in this space, and often I get some interesting feedback.

Clarifying if a gift card giveaway on my business Facebook page is a violation of the anti-kickback section of RESPA.

There will be enough grist for the NPL mill for at least three more years, industry insiders say.

Momentum continues to build for the fast-tracking of the foreclosure process on vacant, abandoned properties.

Successful originators are not doing anything new or different, but are using tried and true techniques when it comes to building their business.

Credit card telemarketers allegedly “went off script” in describing the benefits and charges of credit protection plans to coax consumers into receiving them. The move has implications for loan officers.