Loan Think

Finding the right prospect to sell a mortgage to is not as simple as some outside our industry might think.

Not knowing the borrower has sought more credit after the loan has been underwritten but before it closes could sink the deal.

In the past few years a handful of online lenders have emerged to capture 10% origination share.

Title agents have felt some residual heat from new rules, and they will directly feel the burn if the Consumer Financial Protection Bureau points a blow-torch at the closing process.

If only you had something like this to help you determine which real estate agents you’d get along with, who do business like you do, who you might not only become business partners with, but life-long friends.

A local lender must pay an $81,000 fine. This is three times the origination fees charged the 20 consumers solicited through its office lease relationship with a local community bank.

The mortgage application is a wealth of information for originators to use to help develop referral relationships with clients.

Everyone engaged in generating revenue will benefit by making a complete process review.

If wishes always come true, lots of mortgage lenders will be increasing their volumes of purchase mortgages this year. But Fed tapering and rising rates may spoil the party.

Also some advice on complying with the ability-to-repay requirement.