Origination

The LOS has an ubiquitous presence in the day-to-day work of loan officers, underwriters and other lender employees. For these industry professionals, the LOS is a technology used as often as Web browsers and productivity applications like the Microsoft Office suite.

I'll bet you could tell me exactly when the last time someone gave you a meaningful compliment. In fact, I'll bet you can remember exactly what the person said that made your day.

The mortgage industry is packed with folks who were probably high school kids who didn’t start studying until the night before an exam. While it’s possible to get a decent grade with last minute preparation in high school, in the business world it’s also almost impossible to make sound financial decisions when a deadline is biting at your heels. Quality takes time. Smart business decisions can’t be made in a hurry.

Fannie Mae acquired $58.4 billion of mortgages from its seller/servicers in October, its best purchase month since January and a sign that low rates are starting to spur new activity in the primary market.

The National Association of Realtors' leading indicator of future home sales unexpectedly jumped 10.4% in October after falling 4.6% the previous month.

The American Legion is calling on Congress to extend the $729,750 loan limit on Department of Veterans Affairs guaranteed loans before the ceiling drops down to $625,500 on January 1.

BBVA Compass, a commercial bank based in Birmingham, Ala., will be opening a new mortgage back office processing operations center in Tempe, Ariz., and will hire up to 100 people to staff it.

October was the second best month of the year for the private mortgage insurers in terms of applications received, but the third worst in terms of the cure/default ratio, according to the Mortgage Insurance Cos. of America.

Eastern Mortgage Capital, Boston, has issued a $5.1 million mortgage loan for a 117-unit affordable elderly housing facility in St. Louis.

The annual retirement survey conducted by Wells Fargo & Co. found that 76% of middle class Americans said it is important to have a specific amount of money saved before retirement, while only 20% said it was more important to retire at a specific age, regardless of savings.