InterFirst Wholesale Mortgage Lending, Ann Arbor, Mich., said the "fourth wave" of its mortgage broker satisfaction measurement initiative found a high level of satisfaction among brokers the company works with.Specifically, brokers liked the technology-based tools it makes available to them, its account executives and its mortgage closing process. The study indicated that higher broker satisfaction with InterFirst led to higher levels of closed loan volume sent to the wholesaler. "This fourth wave of satisfaction measurement has also provided vital information by demonstrating that customer satisfaction and mortgage brokers' experience with InterFirst has a direct link to the company's financial performance," said Willie Newman, president of InterFirst, a subsidiary of ABN Amro Mortgage Group. "Further, the results of this satisfaction measurement indicate the specific areas of InterFirst's business that have the greatest impact on mortgage broker satisfaction -- and its bottom line."
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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