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High Net Worth Borrowers 'Promising' for Lenders: Stratmor

Mortgage lenders may find success partnering with wealth managers and private bankers that serve the high net worth market. That’s according to a report by the Stratmor Group. Read more...

Why It Is Prime Time to Market to Millennials

Millennials’ dream of homeownership is alive and well. That's according to a recent Lending Tree analysis of mortgage offers on its platform. If your LOs aren’t actively courting these potential borrowers, your sales team could be missing out on bigger, better sales results. Read more...

Family of Mortgage Fraudsters Headed to Prison

A mother and her three sons have been found guilty and sentenced to prison for bilking investors out of more than £1.5 million ($1.8 million). So reports Mortgage Solutions. Read more...

Mortgage Rate Lock Volume Climbs, Ending Nine-Month Skid

Mortgage rate lock volumes have risen sharply, snapping a nine-month losing streak, according to Black Knight’s Originations Market Monitor. So reports Seeking Alpha. Read more...

Rocket Mortgage CEO Jay Farner Will Retire in June

Jay Farner, who has been CEO of Rocket Mortgage since 2017, will retire on June 1, Rocket Companies has announced. So reports the Detroit Free Press. Read more...

Ask The Expert: Understanding Opportunity, Relationships, and Value

In my previous column I addressed reader questions about having a successful 2023. I highlighted "A-O-R-V," which stands for Attitude, Opportunity, Relationship and Value.  Read more...

Zillow's Best Practices for Online Lead Conversion

An increasing number of home loan prospects (about 25%) find their lender online, according to Zillow Group’s Consumer Housing Trends Report 2021. This means LOs must be adept at transforming leads from initial contacts to satisfied customers. Zillow recommends several tactics to drive success. Read more...

Black Knight Said to Be Exploring Empower Sale

Black Knight has opted to put its Empower loan origination software business up for sale, according to sources with knowledge of the situation. So reports Reuters. Read more...

JPMorgan Lays Off Hundreds of Mortgage Employees

JPMorgan Chase has handed out pink slips to hundreds of employees in its mortgage division. So reports Reuters. Read more...

Second Man Gets Prison for Decade-Long Mortgage Scam

A mortgage fraud scheme that went on for nearly a decade has landed a second person in federal prison. So reports The Salem News. Read more...

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