United Communications Group, Rockville, Md., a provider of business information, tools and guidance, has formed a strategic partnership with Westlake Village, Calif.-based LoanToolbox, a provider of educational and marketing tools for mortgage originators.LoanToolbox said the transaction will enable it to leverage UCG's 28 years of experience in product design and development, direct marketing, content creation, software, and other areas in order to expand its core business. UCG delivers products to mortgage bankers and brokers, as well as to business professionals in other areas of finance, health care, technology, and other industries. LoanToolbox's online community offers an Internet-based application that combines interactive content aligned with the business needs and objectives of originators, loan officers, and real estate financing consultants. LoanToolbox can be found on the Web at http://www.loantoolbox.com.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24