Movement Mortgage

From government grants to automating branch management tasks, lenders are using their knowledge of real estate, finance, and government incentives to maximize the resources they invest in facilities.

With compensation accounting for 80% of the cost to originate a mortgage, lenders are developing new strategies to attract and retain top talent, while keeping wage expenses in check.

Movement Mortgage will pay $1.1 million in penalties and customer refunds to settle charges by California regulators it serviced loans without a state license and for collecting unearned interest.

To close gaps in volume caused by inventory shortages and help consumers get over the homeownership hump, lenders are offering mortgage programs and features like low down payments, bridge loans for home sellers and student loan refinancing. (Part two in a four-part series on the mortgage industry's response to the housing inventory shortage.)