Mortgage brokers

Increased enthusiasm for automated valuations presents an opportunity for the appraisal industry to develop tools that combine high-efficiency, low-cost processes with the accuracy of human expertise.

National Mortgage News is pleased to begin accepting submissions for the 2016 Top Producers, an annual ranking of mortgage loan officer and broker origination volume.

Rather than relying on a formal marketing services agreement to get business, loan officers now have to prove that they can provide realty agents and consumers the best mortgage experience.

Issues with upgrading software and ensuring pricing accuracy to comply with the consumer bureau's "integrated disclosures" have been magnified in wholesale loan transactions.

Hiring by nonbank mortgage lenders stalled in October after adding new employees to their payrolls for eight straight months.

Nonbank mortgage lenders added 1,600 employees to their payrolls in September, which combined with revised August figures brought industry employment to its highest point in more than two years.

In addition to staying on top of the day-to-day requirements of TRID, lenders must also avoid big-picture mistakes that could disrupt their compliance

2016 Presidential candidate Carly Fiorina telegraphs a message that the mortgage industry would do well to heed.

Employment at nonbank mortgage banking and brokerage firms was steady in August, ending a six-month run of job gains.

Officials signaled that Hudson City Savings Bank's nearly $33 million settlement over redlining charges is only the first in what is likely to be a string of other cases.

Federal officials on Thursday ordered Hudson City Savings Bank to pay more than $27 million to resolve redlining allegations, the largest order of its kind and one that is likely to put larger banks on notice that redlining cases will be aggressively pursued.

Non-bank originators add 3,200 new employees in July.

The resignation of Stonegate Mortgage founder and CEO Jim Cutillo will likely result in either the quick hiring of a replacement CEO to execute Stonegate's business plan or the company being acquired, according to analysts at FBR Capital Markets.

Marketplace lenders seek to disrupt traditional financial services with online platforms that connect borrowers to investors. But in real estate, this burgeoning sector has taken an approach that seeks to co-exist with, rather than supplant, the traditional mortgage market.

As marketing services agreements increasingly fall out of favor, a more level playing field may emerge where loan officers must aggressively compete on their skill and service to win referral business.

The mortgage industry typically takes a conservative approach to employees promoting their personal brands. But it's time for lenders to take a lesson from the presidential hopefuls who have gained an upper hand by playing up their individual brands.

Real estate brokers deserve a slice of mortgage revenue, but marketing services agreements are not the way to give it to them.

Employment in the mortgage banking and broker sector has grown 5.8% since June 2014.

A survey from Fannie Mae found that lenders use credit overlays in a limited manner, with some variations based on channel.

United Wholesale Mortgage has begun offering interest-only mortgages through its third party origination channels.