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How to Motivate LOs In A Tough Market?

How to Motivate LOs In A Tough Market?

Sunday, 19 March 2023
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In mortgage banking, it seems to be a perpetual question: “How do I motivate LOs in a tough market?” The short answer is you can’t. Read more...
Impac Mortgage Goes Broker, Winds Down TPO Channel

Impac Mortgage Goes Broker, Winds Down TPO Channel

Saturday, 18 March 2023
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Impac Mortgage has unveiled a shift to a mortgage broker fulfillment model for its retail consumer direct lending vision. So reports Seeking Alpha. Read more...
Digital Lender Molo Sells 80% Stake to Australian Firm

Digital Lender Molo Sells 80% Stake to Australian Firm

Saturday, 18 March 2023
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Molo Finance, a UK-based digital mortgage lender, has sold an 80% stake to Australian mortgage lender ColCap. So reports Crowdfund Insider. Read more...
Homebuilder Is Charged With 29 Counts of Mortgage Fraud

Homebuilder Is Charged With 29 Counts of Mortgage Fraud

Saturday, 18 March 2023
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An Alabama homebuilder and his office manager have each been charged with dozens of counts of mortgage fraud. So reports local WTVY. Read more...
Citigroup Adds to Mortgage Job Cuts

Citigroup Adds to Mortgage Job Cuts

Saturday, 11 March 2023
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Citigroup has shed mortgage underwriting jobs as part of hundreds of cuts that also affect investment banking and technology. So reports Banking Dive. Read more...
FTC Votes 4-0 to Block Black Knight’s Acquisition by ICE

FTC Votes 4-0 to Block Black Knight’s Acquisition by ICE

Saturday, 11 March 2023
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The Federal Trade Commission voted 4-0 for a lawsuit to stop Black Knight’s proposed $13 billion purchase by Intercontinental Exchange. So reports Bloomberg. Read more...
Convicted Scammer Admits to $20M Fraud During Pretrial Release

Convicted Scammer Admits to $20M Fraud During Pretrial Release

Saturday, 11 March 2023
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A Florida businessman has acknowledged committing loan fraud while on federal pretrial release, after being sentenced to 25 years in prison for a separate $179 million mortgage scam, according to the Department of Justice. So reports the Orlando Sentinel. Read more...
Ask The Expert: When to Ask a Customer for a Referral?

Ask The Expert: When to Ask a Customer for a Referral?

Saturday, 11 March 2023
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Juan from Florida asked: "I understand that I should be asking more often, however, I find it hard to find the right timing. When is the best time to ask for a referral from a present customer?" Read more...
Unlock Long-Term Success with This Unbeatable Strategy

Unlock Long-Term Success with This Unbeatable Strategy

Saturday, 11 March 2023
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Originators who want to achieve long-term success should take a page from top producers’ playbooks and strive to serve customers as professional FAs. Read more...
Ask The Expert: The Last Six Months Were the Worst of My Career. Any Suggestions?

Ask The Expert: The Last Six Months Were the Worst of My Career. Any Suggestions?

Saturday, 04 March 2023
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Carolyn from Boston wrote in: "The past six months have been very tough. I have been in the business for over 20 years and have never struggled so badly from a production standpoint. Many loan officers and real estate agents I know are leaving the business. This is my career—I am not going anywhere. But… Read more...

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