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Scammer Posed as Mortgage Closing Attorney: Police

Scammer Posed as Mortgage Closing Attorney: Police

Monday, 16 May 2022
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A woman purporting to be a mortgage closing attorney bilked a Georgia homebuyer out of more than $155,000, according to state investigators. So reports the Raleigh, N.C. News & Observer. Read more...
Mortgage Rate Lock Activity Slid in April as Interest Rates Surged

Mortgage Rate Lock Activity Slid in April as Interest Rates Surged

Monday, 16 May 2022
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With long-term mortgage rates soaring last month, rate lock activity tumbled. That’s according to reports from Black Knight and MCT. Read more...
Point, a Fintech Offering Cash for Home Equity, Raises $115M

Point, a Fintech Offering Cash for Home Equity, Raises $115M

Wednesday, 04 May 2022
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California-based fintech startup Point has raised $115 million in series C funding to expand its marketplace, which offers homeowners cash for a share of a home’s equity. So reports TechCrunch. Read more...
Repeat Offender Gets Six to Eight Years for Mortgage Scam

Repeat Offender Gets Six to Eight Years for Mortgage Scam

Wednesday, 04 May 2022
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An Oxford, Mass. man who previously served a two-year state prison sentence for a mortgage fraud scheme has pleaded guilty and been sentenced to serve six to eight years in state prison for a similar scam. Read more...
UWM CEO Reheats Rocket Beef Over Voluntary Buyout Offers

UWM CEO Reheats Rocket Beef Over Voluntary Buyout Offers

Wednesday, 04 May 2022
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Rocket Mortgage’s recent offer of voluntary buyouts to 8% of its workforce has prompted United Wholesale Mortgage Corp. CEO Mat Ishbia to revive the longstanding rivalry between the two Michigan-based mortgage giants. So reports The Detroit News. Read more...
Sales Success is About Having the Most Realtor Friends

Sales Success is About Having the Most Realtor Friends

Monday, 02 May 2022
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I’ve interviewed hundreds of top producers over the years and analyzed the behaviors and traits that set them apart. One significant differentiator? The best have the most real estate agent referral sources. They are relentless in developing their realtor relationships. Read more...
Which Candidates Make the Best Loan Officers?

Which Candidates Make the Best Loan Officers?

Monday, 02 May 2022
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Very little has been written about which candidates make the best loan officers. Some of the requisites are quite evident and you will hear these again and again. For example, a loan officer on commission must work hard and be aggressive. But there is no agreed upon formula aside from a few personality testing systems,… Read more...
Ask The Expert: How Do I Thrive with Rates Rising?

Ask The Expert: How Do I Thrive with Rates Rising?

Monday, 02 May 2022
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In a previous column, I wrote about success in today's rising rate environment. I have some more thoughts. As a reminder several loan officers wrote to me the following question: "Okay, Dave. You are such a guru—then when are rates going to stop going up? My production is down 75% thus far this year and… Read more...
Ask The Expert: When Are Rates Going to Stop Going Up?

Ask The Expert: When Are Rates Going to Stop Going Up?

Monday, 02 May 2022
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Several loan officers have written to me to express the following sentiment (and some of the language was not so nice): "Okay, Dave. You are such a guru—then when are rates going to stop going up? My production is down 75% thus far this year and I am barely making a living."  Read more...
Digital Bank Revolut Looks to Break Into Mortgage Sector

Digital Bank Revolut Looks to Break Into Mortgage Sector

Thursday, 28 April 2022
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Nik Storonsky, the CEO of UK-based digital banking “superapp” Revolut, said the company is contemplating expanding into mortgages. So reports Reuters. Read more...

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