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Washington Trust Settles Redlining Case for $9M

Washington Trust Settles Redlining Case for $9M

Saturday, 07 October 2023
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Washington Trust has agreed to pay $9 million to settle allegations that the 200-year-old community bank discriminated against Black and Hispanic borrowers. So reports The Providence Journal. Read more...
Real Estate CEO Admits to Falsifying Mortgage Documents

Real Estate CEO Admits to Falsifying Mortgage Documents

Saturday, 07 October 2023
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A former Michigan real estate executive now based in California faces up to five years in prison after pleading guilty to a scheme to falsify documents submitted to mortgage lenders, according to federal authorities. So reports The Real Deal. Read more...
Rocket Pro TPO Expands Its Conforming Loan Limits

Rocket Pro TPO Expands Its Conforming Loan Limits

Monday, 02 October 2023
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In November the Federal Housing Finance Agency (FHFA) typically publishes the changes to its conforming loan limits for loans purchased by Fannie Mae and Freddie Mac. The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limit be adjusted each year to reflect the change in the average U.S. home price. Since housing prices… Read more...
Ask The Expert: What Can I Do, My Firm Won't Train Me Correctly?

Ask The Expert: What Can I Do, My Firm Won't Train Me Correctly?

Saturday, 30 September 2023
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Sal in California wrote in: "I’m a new originator with less than one year in the business. I came into loans after 10+ years as a real estate agent. I have several agent friends that have sent clients to me, so I am doing better than most others I know that are new in the… Read more...
Are Your LOs Ready to Sell in the AI Age?

Are Your LOs Ready to Sell in the AI Age?

Saturday, 30 September 2023
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With the mainstreaming of ChatGPT and similar applications, there's no turning back from artificial intelligence (AI). Read more...
Live Well Financial CEO Loses Second Bid for New Trial

Live Well Financial CEO Loses Second Bid for New Trial

Saturday, 30 September 2023
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A federal judge has denied Live Well Financial CEO Michael Hild’s most recent request for a new trial following his fraud conviction. So reports Richmond BizSense. Read more...
Mortgage Machine Launches Origination Platform for Lenders

Mortgage Machine Launches Origination Platform for Lenders

Saturday, 30 September 2023
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Mortgage Machine Services has introduced its eponymous Mortgage Machine platform, an “out-of-the-box, all-in-one” loan origination system meant to speed up operations for residential mortgage lenders. So reports MortgageOrb. Read more...
LenderLogix Raises $500K to Spur Lending in Low-Income Areas

LenderLogix Raises $500K to Spur Lending in Low-Income Areas

Saturday, 30 September 2023
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Buffalo, New York-based startup LenderLogix has secured additional funding to help it build out its platform CRA Analytics, which aims to boost mortgage lending in low-income communities nationwide. So reports The Buffalo News. Read more...
Ask The Expert: I Keep Getting Beat On Price, What Can I Do?

Ask The Expert: I Keep Getting Beat On Price, What Can I Do?

Saturday, 23 September 2023
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John from Texas previously wrote in about getting beat out on price. I have already written about this in two previous columns, but this is an important topic, and I have even more thoughts on it. Read more...
Sherlock: 3 Sales Training Pitfalls To Avoid

Sherlock: 3 Sales Training Pitfalls To Avoid

Saturday, 23 September 2023
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The best mortgage managers recognize that updating their sales team’s selling skills is mandatory if their LOs want to remain top of mind and relevant in the marketplace. However, all sales training is not created equal. Read more...

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