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Get Back to Basics to Drive Better Sales Results

Get Back to Basics to Drive Better Sales Results

Sunday, 04 June 2023
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As loan officers scramble to hit production goals in this challenging market, many lenders are searching for answers in all the wrong places. While adopting new technology or holding a big sales rally might seem like the logical next step, these options are not enough to generate loan demand long-term. Read more...
JPMorgan Lays Off 1,000 First Republic Employees

JPMorgan Lays Off 1,000 First Republic Employees

Sunday, 04 June 2023
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After buying collapsed bank First Republic, JPMorgan Chase has begun laying off 15% of its workforce, or about 1,000 people. So reports BBC News. Read more...
Nations Lending Picks Blend for Digital Mortgage Platform

Nations Lending Picks Blend for Digital Mortgage Platform

Sunday, 04 June 2023
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Nations Lending has announced that it will use cloud banking service provider Blend’s Mortgage Suite to build a lending platform that streamlines the mortgage origination process. So reports MortgageOrb. Read more...
OneMain Financial Fined $4.25M Over Cybersecurity Incidents

OneMain Financial Fined $4.25M Over Cybersecurity Incidents

Sunday, 04 June 2023
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OneMain Financial Group has agreed to pay a $4.25 million penalty to New York state to settle allegations the non-prime mortgage lender and servicer failed to adequately protect customer data. So reports SC Media. Read more...
Do You Have a Quality Mentorship Program?

Do You Have a Quality Mentorship Program?

Friday, 26 May 2023
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The purpose of a mentorship program is to facilitate field training for new hires that are not experienced so that they will receive the support they need to transition into productive members of the sales force. Having a mentorship program will also relieve the burden on branch managers who are then freed up to recruit… Read more...
Social Selling the Key to Personal Brand Building

Social Selling the Key to Personal Brand Building

Friday, 26 May 2023
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You know the drill: social selling is a requirement for LOs who want to increase their visibility among potential customers and referral sources. Read more...
Freddie Mac Updates Income Assessment Tool for Digital Paystubs

Freddie Mac Updates Income Assessment Tool for Digital Paystubs

Friday, 26 May 2023
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Freddie Mac has revised its automated income assessment tool so that lenders may now use a borrower’s digital paystub data as part of their assessment of a homebuyers’ income paid through direct deposit. So reports DSNews. Read more...
Colonial Savings Shutters Mortgage Origination Unit

Colonial Savings Shutters Mortgage Origination Unit

Friday, 26 May 2023
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Colonial Savings has revealed that it will exit the mortgage origination business as of July 31. So reports NEXT Mortgage News. Read more...
Man Arrested in $525,000 Mortgage Fraud Case

Man Arrested in $525,000 Mortgage Fraud Case

Friday, 26 May 2023
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Authorities have arrested a man accused of scamming investors out of $525,000 in a mortgage fraud scheme. So reports the Daily Voice. Read more...
Getting A Grip On the Housing Affordability Crunch

Getting A Grip On the Housing Affordability Crunch

Monday, 22 May 2023
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A recent study conducted by Lending Tree brought the housing affordability crunch into focus and identified the demographic groups most likely to be impacted. If lenders and LOs are going to effectively serve potential borrowers, understanding the scope of the affordability crisis is an essential part of the puzzle. Read more...

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