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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...
Man Sentenced to Prison in $9M Mortgage Scam

Man Sentenced to Prison in $9M Mortgage Scam

Saturday, 01 May 2021
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A federal judge has handed down a sentence of 18 months in prison to a man for his part in a $9 million mortgage scam. So reports the Las Vegas Review-Journal. Read more...
Are Your Originators Just Following the Herd?

Are Your Originators Just Following the Herd?

Sunday, 25 April 2021
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In mortgage banking, it is commonplace for originators to adopt the practices of successful producers. If one salesperson rises at 4:00 a.m., everyone else feels they must follow suit. If a top producer is active on LinkedIn, other originators will incorporate the platform into their own marketing strategies. Likewise, lenders are copycats too. If a… Read more...
Mortgage Advisers Face Criminal Charges Across the Pond

Mortgage Advisers Face Criminal Charges Across the Pond

Sunday, 25 April 2021
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The U.K. Financial Conduct Authority has launched criminal fraud proceedings against a financial adviser and an accountant who allegedly filed fraudulent mortgage applications. So reports Professional Adviser. Read more...
Blend, a Digital Lending Platform, Files to Go Public

Blend, a Digital Lending Platform, Files to Go Public

Sunday, 25 April 2021
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Digital lending software provider Blend has unveiled plans for an initial public offering. The planned IPO, disclosed in a filing with the Securities and Exchange Commission, comes after Blend facilitated $1.4 trillion in loans last year, more than double 2019’s loan volumes. So reports Insider. Read more...

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