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Originating (1370)

Surviving and Thriving Amid Rising Interest Rates

Faced with the grim reality of rising interest rates and lower production, mortgage firms are cutting sales staff in an effort to stay profitable. Unfortunately, this strategy reinforces mortgage banking’s reputation as a boom or bust business that has difficulty adjusting to a changing interest rate environment. Read more...

Rate Lock Volumes Drop in September

Rate lock activity based on dollar volume fell last month, but there were some bright spots. That’s according to an announcement from capital markets software and services provider MCT. Read more...

MAXEX Adds Non-QM Programs for Originators

Digital mortgage exchange MAXEX has announced new programs for originators and loan buyers in the non-QM lending market. Read more...

BlackFin Recruits Rick Grant to Chair Industry Think Tank

BlackFin Group has announced that veteran journalist and communications consultant Rick Grant will serve as the chair of its innovation-focused think tank, the Innovation Leadership Cohort. Read more...

BeSmartee Integrates with Snapdocs to Speed Closing Process

Snapdocs has announced the completion of its integration with BeSmartee’s digital mortgage platform, which aims to streamline the borrower’s closing document review and signature steps. So reports MortgageOrb. Read more...

Fairway Mortgage Talks Hiring Employees for Long-Term

Fairway Independent Mortgage Corp. management has shared some insights on hiring and retaining for the long haul in a cyclical industry. So reports CT Insider. Read more...

Sterling Bank Hit with $6M Fine Over Mortgage Loan Program

Sterling Bank and Trust has agreed to pay a $6 million fine in connection with what was once the Michigan-based bank’s primary mortgage loan product. So reports BankersOnline.com. Read more...

Ask The Expert: Do Lots of Loan Officers Fail Their Licensing Test?

Max from Nashville writes: "I am considering leaving my origination job at a bank to take position with a correspondent lender. I am concerned that I will have to take the licensing test, as I have been in the industry for 25 years and I have not taken a test for decades. I keep hearing… Read more...

How to Solve the Toughest Sales Management Issue

Employee underperformance is by far one of the hardest issues for mortgage managers to contend with. Managers who hire a poor sales performer are faced with the reality that they didn't properly evaluate a sales candidate during the interview process and made a bad hiring decision. Read more...

Ask The Expert: Will the FHA Eliminate the MIP When Homes Hit 78% Equity?

Abraham from Florida asks: Do you anticipate the FHA making changes to eliminate the MIP when homes reach 78% equity instead of this lifetime MIP?  Read more...

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