Loan Think

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.

Dealing with other income when it comes to underwriting loans and proving the borrowers' ability to repay.

Any salesperson will tell you that conversion is the key to success, but few are good at ensuring that it happens without a well-developed sales process.

Ann Thompson intimated that she works almost exclusively with mortgage lenders and servicers examining their prioritization process to assess risk.

A court directed the Department of Housing and Urban Development to clarify the rights of unnamed spouses in Home Equity Conversion Mortgages documents, but HUD is appealing the decision.

This is an opportunity to ask your clients for referrals, not just for you but for your Realtor partners as well.