Loan Think

Originators can't divide annual income by 12 to see if the borrower qualifies for a loan.

Mortgage firms are in fight or flight mode as they plan either to comply to an avalanche of new regs or be acquired by other companies.

Brokers need to take pride in their business and protect it.

The cooperatives made hay on the refinancing boom. Can they repeat that success in a purchase market? They think they can.

An additional role brought to light by the housing crisis was the need to prevent foreclosure and administer the Hardest Hit Fund.

Some policies only allow a one-year window to challenge claims decisions after an event has occurred.

Recent improvements in lending technology are having a strong impact on loss mitigation practices for lenders.

Use these exercises to awaken your mind, will and emotions.

Certain types of oversight or regulation could help resolve an apparent challenge linked to a shift in collateral weighting, but the reality is that the market is unregulated in this area.

WE’RE HEARING competition in the correspondent channel is heating up and some banks are reaching out to mortgage brokers and asking them to join their “mini-correspondent” programs.