Lender Lead Banc, New York, whose Senior Lending Network links seniors with reverse mortgage lenders, has changed its name to Lender Lead Solutions.Lenders have told the company it needs to go beyond providing leads and give lenders training, online marketing, and support, said chief executive David Peskin. The company is now offering what it calls a total package of solutions, starting with a Needs Based Selling clinic it began offering on March 1. Mr. Peskin said the company's new half-hour sales training program "is making a huge impact on loan conversion." Mr. Peskin conducts the presentation himself.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
10m ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
1h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
3h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
3h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
6h ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24