Mortgage Grapevine poster UpstateMortgageGuy is asking how can someone close loans for professionals like doctors and teachers who are not getting paid during the summer and even then might not get a check until two to four weeks after starting work?
To see what one originator is doing in this situation, go to
Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business.
Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry.
CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.