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Originating

Originating (1419)

Do You Really Want to Be a Successful Originator?

Do You Really Want to Be a Successful Originator?

Friday, 05 June 2020
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Every crisis provides an opportunity for mortgage managers to put everything on the table and re-examine their LOs’ selling models as they determine the best path forward. One manager recently said to me that the pandemic has changed everything and “inmates are no longer running the asylum in mortgage banking.” Read more...
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Bodnar of MMG on Stocks, Continuing Claims and Loan Sizes

Bodnar of MMG on Stocks, Continuing Claims and Loan Sizes

Sunday, 31 May 2020
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Bill Bodnar of The Mortgage Market Guide weighs in on mortgage rates hitting another all time low, demand in the housing market, average loan sizes decreasing, and unemployment figures. Read more...
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Ex-Mortgage Broker Gets 3 Years in Prison for $1M Scam

Ex-Mortgage Broker Gets 3 Years in Prison for $1M Scam

Thursday, 04 June 2020
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A judge in Canada has sentenced a former mortgage broker to three years in prison for his role in a fraud and money laundering plot totaling $1 million. So reports the Calgary Herald. Read more...
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Florida Lawyer Indicted for Defrauding Fannie Mae, Much More

Florida Lawyer Indicted for Defrauding Fannie Mae, Much More

Tuesday, 02 June 2020
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A Florida man has been charged with conspiracy, bankruptcy, and wire fraud, facing decades in prison if convicted. That’s according to federal prosecutors. Read more...
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Digital Mortgage Platforms Raise Funds As COVID-19 Rocks Industry

Digital Mortgage Platforms Raise Funds As COVID-19 Rocks Industry

Sunday, 31 May 2020
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The coronavirus pandemic has jolted the mortgage industry, resulting in more remote deal-making. As such, firms that help with digital transactions are ramping up to do more. So reports Cheddar. Read more...
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Winning in a Period of 'Optimum Warning'

Winning in a Period of 'Optimum Warning'

Friday, 29 May 2020
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While lenders are super busy now, many in our industry are wondering what mortgage lending will look like after the pandemic is over. Will we return to “business as usual” or will the environment be completely different? I believe it will be the latter. Read more...
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Ask The Expert: How Do I Succeed in Today's Environment?

Ask The Expert: How Do I Succeed in Today's Environment?

Thursday, 28 May 2020
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Many loan officers have asked me recently about a similar issue: My lender has tightened restrictions, real estate sales have fallen, and rates are not as low as I expected them to be. I am worried about making a living even after the COVID-19 crisis is over. What will the post pandemic industry look like?… Read more...
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DJ Duo The Chainsmokers Lead Funding Round for LoanSnap

DJ Duo The Chainsmokers Lead Funding Round for LoanSnap

Tuesday, 26 May 2020
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LoanSnap, a startup using artificial intelligence to match borrowers with mortgages and other loans, has raised $9 million with help from DJ duo The Chainsmokers. So reports VentureBeat. Read more...
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Whistleblower Claims Systemic Mortgage Fraud is Back

Whistleblower Claims Systemic Mortgage Fraud is Back

Wednesday, 27 May 2020
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Systematic mortgage fraud similar to the kind that led to the 2008 financial crisis has reemerged on Wall Street, according to a whistleblower complaint submitted to the SEC. So reports ProPublica. Read more...
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Mortgage Humor Returns to Late-Night TV

Mortgage Humor Returns to Late-Night TV

Monday, 25 May 2020
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While not necessarily ready for prime time, a joke about reverse mortgages has made its way into a late-night TV host’s remarks. So reports Reverse Mortgage Daily. Read more...
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