Originating

Originating (1322)

Fintech Startup Roam Bets on Assumable Mortgages

Roam, a startup specializing in assumable mortgages—loans that home sellers can transfer to the buyer—has opened its doors. So reports The Real Deal. Read more...

Real Estate Investor Sentenced to Prison Over HELOC Scam

A New Jersey federal judge has sentenced a real estate investor to two years in prison over a scheme that involved obtaining multiple home equity lines of credit on properties he owned, according to authorities. So reports NJBiz. Read more...

Divvy Homes, Once Worth $2B, Starts Third Round of Layoffs

Divvy Homes, a real estate startup valued at $2 billion in August 2021, has commenced its third round of layoffs in the past year. So reports TechCrunch. Read more...

More Important Sphere Components

In a prior column, I wrote about how your sphere is a compendium of your life. Your sphere must take into account every aspect of your life, including your relationships, experiences, skills, interests, ethnic background, strengths and even your weaknesses. Read more...

Level-up Your Personal Brand for Prospecting Success

Developing a strong personal brand is essential if LOs want to capture the attention of borrowers and referral sources. The best originators are masters at cultivating a powerful online presence enabling them to stay top of mind among their ideal audience. Read more...

Recruiting Younger LOs: Crossing the Generational Divide

As older, more experienced LOs hit retirement age and exit the business, mortgage bankers are under increasing pressure to hire and train younger sales professionals. Read more...

How to Leverage Your Sphere and Its Core Components

Your sphere is a compendium of your life. That means that your sphere must take into account every aspect of your life, including your relationships, experiences, skills, interests, ethnic background, strengths and even your weaknesses. Read more...

CoreLogic, Restb.ai Take AI Tools to FMLS

Property data giant CoreLogic, software company Restb.ai and the First Multiple Listing real estate service have teamed up so that FMLS subscribers will be able to use CoreLogic’s platform to access artificial intelligence tools. So reports RISMedia. Read more...

Spring EQ Acquired by Private Equity Firm

Mortgage lender Spring EQ has agreed to an acquisition by private equity firm Cerberus Capital Management. So reports PE Hub. Read more...

Investor Pleads Guilty in $1M Mortgage Scam

A real estate investor has copped to his role in a $1 million mortgage fraud scam, according to authorities. So reports NJ.com. Read more...

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