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Ask The Expert: Should I Be Freaked Out About Investor and Second Homes Changes?

Ask The Expert: Should I Be Freaked Out About Investor and Second Homes Changes?

Saturday, 08 May 2021
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And Originator from South Carolina writes: "The new conforming changes regarding investor and second homes have me freaked out. I am in a resort area and am a broker. All of my lenders have changed prices significantly. Why are they singling out this type of financing and punishing us? Do you expect these changes to… Read more...
Ask The Expert: How Do I Compete with Big Banks for Real Estate Agent Attention

Ask The Expert: How Do I Compete with Big Banks for Real Estate Agent Attention

Saturday, 08 May 2021
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Jacob from Austin writes: "Several of my real estate agents have started to get leads from larger banks and credit unions. While they don’t like the service they receive from these organizations, they are obligated to use them for these leads and are referring other customers back as well. How do I compete with this… Read more...
It's Time to Stop Selling and Become a Trusted Advisor

It's Time to Stop Selling and Become a Trusted Advisor

Saturday, 08 May 2021
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Every salesperson knows that transactional selling is no longer relevant in today’s marketplace. With unlimited access to information online, prospects and customers conduct research on their own and don’t need someone to explain product features and benefits. Read more...
How Different is Your Sales Pitch from Other Originators?

How Different is Your Sales Pitch from Other Originators?

Saturday, 08 May 2021
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Every originator knows that selling is not easy. Competition is intense with thousands of originators basically offering the same products. This is the mortgage landscape in 2021—a commodity business. Read more...
LoanSnap Raises Another $80M, Eyes Expanding Services

LoanSnap Raises Another $80M, Eyes Expanding Services

Friday, 07 May 2021
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Digital mortgage platform LoanSnap has wrapped up an additional capital infusion. So reports Forbes.com. Read more...
Reverse Mortgage Honcho Found Guilty of $200M Debt Scam

Reverse Mortgage Honcho Found Guilty of $200M Debt Scam

Friday, 07 May 2021
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A federal jury has found Michael Hild, former CEO of defunct reverse-mortgage business Live Well, guilty for his role in a $200 million bond fraud scheme. So reports WRIC. Read more...
HUD Charges Mortgage Modification Firm with Discrimination

HUD Charges Mortgage Modification Firm with Discrimination

Friday, 07 May 2021
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The U.S. Department of Housing and Urban Development has unveiled housing discrimination charges against owners and employees of a Redwood, Calif. mortgage modification business called the House Lawyer. Read more...
An Originator's Key to Success According to Jeff Bezos

An Originator's Key to Success According to Jeff Bezos

Saturday, 01 May 2021
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Last month, Jeff Bezos released his final shareholder letter as CEO of Amazon. His yearly shareholder letters are always worth reading because Bezos often provides important business insights that are meaningful for other companies and their employees. In the most recent letter, he reflected, “If you want to be successful in business (in life, actually),… Read more...
Reverse Mortgage Lender Fined $140,000 By CFPB

Reverse Mortgage Lender Fined $140,000 By CFPB

Saturday, 01 May 2021
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The Consumer Financial Protection Bureau has unveiled a civil penalty of $140,000 against Mahwah, N.J.-based reverse mortgage lender Nationwide Equities. So reports Reverse Mortgage Daily. Read more...
Citigroup Bets On Digital Mortgage Tech to End Racial Disparity

Citigroup Bets On Digital Mortgage Tech to End Racial Disparity

Saturday, 01 May 2021
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As part of a plan to close the racial wealth gap, Citigroup has announced that it plans to invest in digital mortgage technology. So reports Bloomberg. Read more...

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