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Two Arrested for Fraudulent $1.8B Property Deal

Two Arrested for Fraudulent $1.8B Property Deal

Monday, 24 May 2021
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Federal authorities announced the arrest of two New York men for their roles in allegedly falsifying loan documents as part of a $1.8 billion multifamily housing purchase. Read more...
Bank of America’s Mortgage Fees Spark Racketeering Class Action

Bank of America’s Mortgage Fees Spark Racketeering Class Action

Thursday, 13 May 2021
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A proposed class action lawsuit accuses Bank of America of running a racketeering scam by jacking up mortgage fees with unnecessary property inspections. So reports Law360. Read more...
12 Indicted in $15M Mortgage Fraud and 'Green' Loan Scam

12 Indicted in $15M Mortgage Fraud and 'Green' Loan Scam

Thursday, 13 May 2021
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The California Attorney General’s Office has unveiled indictments against 12 people for their roles in an alleged mortgage fraud and “green” loan scheme. So reports the Los Angeles Daily News. Read more...
Mortgage Startup Better.com Goes Public Via $7.7B SPAC Deal

Mortgage Startup Better.com Goes Public Via $7.7B SPAC Deal

Thursday, 13 May 2021
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Startup mortgage lender Better.com has revealed that it is going public through a merger with the special purpose acquisition corporation Aurora Acquisition Corp. So reports TechCrunch. Read more...
Ask The Expert: Should I Be Freaked Out About Investor and Second Homes Changes?

Ask The Expert: Should I Be Freaked Out About Investor and Second Homes Changes?

Saturday, 08 May 2021
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And Originator from South Carolina writes: "The new conforming changes regarding investor and second homes have me freaked out. I am in a resort area and am a broker. All of my lenders have changed prices significantly. Why are they singling out this type of financing and punishing us? Do you expect these changes to… Read more...
Ask The Expert: How Do I Compete with Big Banks for Real Estate Agent Attention

Ask The Expert: How Do I Compete with Big Banks for Real Estate Agent Attention

Saturday, 08 May 2021
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Jacob from Austin writes: "Several of my real estate agents have started to get leads from larger banks and credit unions. While they don’t like the service they receive from these organizations, they are obligated to use them for these leads and are referring other customers back as well. How do I compete with this… Read more...
It's Time to Stop Selling and Become a Trusted Advisor

It's Time to Stop Selling and Become a Trusted Advisor

Saturday, 08 May 2021
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Every salesperson knows that transactional selling is no longer relevant in today’s marketplace. With unlimited access to information online, prospects and customers conduct research on their own and don’t need someone to explain product features and benefits. Read more...
How Different is Your Sales Pitch from Other Originators?

How Different is Your Sales Pitch from Other Originators?

Saturday, 08 May 2021
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Every originator knows that selling is not easy. Competition is intense with thousands of originators basically offering the same products. This is the mortgage landscape in 2021—a commodity business. Read more...
LoanSnap Raises Another $80M, Eyes Expanding Services

LoanSnap Raises Another $80M, Eyes Expanding Services

Friday, 07 May 2021
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Digital mortgage platform LoanSnap has wrapped up an additional capital infusion. So reports Forbes.com. Read more...
Reverse Mortgage Honcho Found Guilty of $200M Debt Scam

Reverse Mortgage Honcho Found Guilty of $200M Debt Scam

Friday, 07 May 2021
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A federal jury has found Michael Hild, former CEO of defunct reverse-mortgage business Live Well, guilty for his role in a $200 million bond fraud scheme. So reports WRIC. Read more...

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