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What Bill Parcells Can Teach Mortgage Bankers

The latest MBA industry forecast indicates a precipitous 62% drop in refinance volume for 2022. I think that all managers knew this day would come and it has finally arrived. The refinance party is over. The key question for leaders now: What strategies will they implement to generate loan volume in a purchase money environment? Read more...

Podcast: Optifunder’s Brian Abbott Has a Tool for Funding Loans

Brian Abbott, chief operating officer at Optifunder, describes how his firm’s warehouse management platform helps originators fund loans at the lowest cost of funds. Listen to his perspective in a recent episode of the Fintech Hunting podcast. Read more...

Hawaii Mortgage Fraud Costs Alleged Scammer $1.5M

A Hawaii woman has been ordered to pay more than $1.5 million in civil fines and penalties for a mortgage scam that cost a couple their home. So reports the Honolulu Star-Advertiser. Read more...

Online Mortgage Startup Maxwell Grabs a Fresh $52.5M

Maxwell, a digital mortgage startup that caters to small and mid-size lenders, has another $52.5 million in the bank. So reports Bloomberg. Read more...

Podcast: Practical Tips On How to Track Conversions and Make More Money

If you get a hundred leads a month but only close seven, there’s a problem. Read more...

The Solution to Poor Online Customer Reviews

During my training classes, I always ask students to check online ratings to see how borrowers feel about their lender’s customer experience. Read more...

Podcast: A Brand New Mortgage Approach with Ryan Grant

Ryan Grant, Division President at NEO Home Loans joins host Jen Du Plessis to talk about making mortgages more manageable by increasing financial literacy and giving the non-QM market a serious try. Read more...

Podcast: Equifax’s Joel Rickman on Lending to Today’s Borrowers

Joel Rickman, senior vice president of verification services at Equifax Workforce Solution, offers his thoughts on how lenders can work on today’s demographic of borrowers with no or low credit scores. Hear what he has to say during this episode of the Fintech Hunting podcast. Read more...

Digital Lender UpEquity Nabs Another $50M

UpEquity, a mortgage startup that makes cash offers for homebuyers, has divulged that it secured $20 million in equity funding and $30 million in debt financing. So reports TechCrunch. Read more...

Seven Get Prison for $10M Mortgage Scam

A federal judge has sentenced six people from South Florida and one from New Jersey to prison for their part in a mortgage scam that drained about $10 million from South Florida homes, according to the Department of Justice. Read more...

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