Professional development

Conundrum for lenders: How to overcome top producers' tendency to stay put?

A Conference of State Bank Supervisors subsidiary settled a lawsuit with defendants who allegedly misused and reproduced copyrighted questions from a national exam mortgage loan officers take to obtain licenses.

The Consumer Financial Protection Bureau issued new rules governing mortgage lenders' screening and training of loan originators with temporary authority.

Internships are an opportunity to provide the next generation of professionals with a clear path to bring their strengths to life and learn the purpose of what the mortgage industry does.

Eric Blankenstein, who resigned from the Consumer Financial Protection Bureau in May after the discovery of his racially charged writings, was named acting executive vice president of Ginnie Mae.

NewDay USA, a lender specializing in loans to veterans and military service members, is addressing rate-driven increases in refinancing by hiring more than 100 workers who are new to the business.

To boost its presence in affordable housing, Synovus Bank is devoting considerable resources to training its loan officers.

Mandate for loan officers is to be able to inform on customers' specific financial needs in areas that extend well beyond the home loan.

Mortgage brokers need to consider bringing their business into new locations to overcome limitations like competition and a finite number of possible customers.

The deadline for the 2019 Top Producers has been extended to Friday, Feb. 22 at 6 p.m. EST. Loan officers are encouraged to take the survey and participate in the annual ranking program that recognizes the accomplishments and successes of the industry's best originators.

Plaza Home Mortgage's Philip Yee, Ainsworth Advisors' Les Parker and the National Mortgage News staff have recommendations for six books mortgage professionals may want to read to recharge for the new year.

New Jersey Governor Phil Murphy signed a bill to revise the state's Residential Mortgage Lending Act to facilitate transitional licensing for loan officers and to streamline the law's provisions for borrower fees.

Servicers and MSR investors face increased regulation and oversight as nearly all states now require some form of licensing for firms responsible for mortgage collections.

Mortgage licensees in West Virginia will pay higher application fees and need to take additional hours of mandatory prelicensing and continuing education under an amendment to the state's licensing law.

Tired of working as a yacht captain, Pancho Jiminez decided to get into real estate even though he knows it's a highly competitive field in Florida.

Michael DeVito, who was named Wells Fargo's interim head of home lending after the bank fired consumer lending head Franklin Codel, is now officially leading the residential mortgage unit.

More than 70% of women mortgage professionals have experienced sexual harassment in the workplace, but these incidents go drastically underreported, according to a recent Mortgage Bankers Association survey.

With recommended reads from Chase Mortgage's Mike Weinbach, New American Funding's Patty Arvielo and more, check out these 13 books every mortgage pro should have on their winter reading list.

The Office of the Comptroller of the Currency is eliminating a plan designed to ensure its examiners did not get too close to the big banks they supervise.

The Consumer Financial Protection Bureau was created in part to ensure that nonbanks are subject to federal oversight, but the fact is that 99% of banks are exempt from CFPB supervision.