Training

NewDay Financial found itself embroiled in another regulatory order, this time stemming from allegations of rampant cheating on mortgage licensing examinations by company employees, including its chief operating officer.

The mortgage and title industries are creating training programs to teach those in the home sales process this is not just a swapping out of two forms for new ones.

Solar panels are popping up on houses everywhere. How do they impact mortgage financing?

The federal government awarded the California Housing Finance Agency more than $450,000 to support a program that provides counseling to homeowners facing foreclosure.

If you and your staff are suffering from email overload, here is a list of handy shortcuts to use when corresponding to help get the message through.

Wells Fargo is partnering with the National League of Cities to offer a webinar designed to mitigate foreclosures to the general public.

The Federal Reserve will not raise rates in June, while mortgage rates could fall this year as the dollar gets stronger and oil prices remain low, mortgage industry consultant Barry Habib said at a mortgage conference.

The recent delay of new HECM rules is a reprieve for lenders scrambling to implement training and systems updates ahead of the original deadline. But it's also prompted questions about a key technology used by the reverse mortgage industry.

Having the extra time for implementation has been helpful because mortgage companies were experiencing difficulties meeting the first deadline for the change in procedure, which affects government-insured reverse mortgages.

Many sales people use a subpar demonstration, so having one that is sharp looking can make you stand out in the marketplace.

The heightened regulatory environment for servicers has also prompted a wave of process improvements.

Mortgage sales people need to make an honest assessment of why a loan application failed to close.

When it comes to the most important part of sales, how do the people who represent you show up and serve your clients?

With less than three weeks to go before new financial assessments for reverse mortgages became mandatory, the Federal Housing Administration announced Thursday that it will delay their effective date due to technical issues.

The level of success we achieve in life has much more to do with our tenacity than our talent.

Before the Dodd Frank Act went into effect in 2010, the residential mortgage market was in an entirely different state — particularly in regards to servicing. Several large servicers dominated the market, but ultimately shed most of their servicing assets, creating a substantially large segment of midsize servicers.

Take one day to commit to finishing each and every item on your to do list, instead of just rolling things over to the next day.

As banks look to cuts costs and improve efficiency, many are actively trying to reduce the number of times they "touch" a loan file. The goal: get the application right the first time so it doesn't have to be sent back to the underwriter for time-consuming and costly fixes.

Paying attention to detail is important in the mortgage industry but being a control freak could damage your productivity.

Having a specialty or a niche helps to keep your business away from being at the mercy of interest rate shoppers.