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Ask The Expert: What Will the Rest of 2020 Look Like?

Ask The Expert: What Will the Rest of 2020 Look Like?

Friday, 31 July 2020
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Jason from California asks: "In my 20 years as a loan officer, this has been the weirdest year. What do you think the rest of this year is going to look like from a production standpoint? Will the refinances continue? Will the purchase market collapse as it did the last recession?" Read more...
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There is Never a Perfect Time Change Your Sales Process

There is Never a Perfect Time Change Your Sales Process

Thursday, 30 July 2020
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In the current marketplace, where volume is overwhelming and many lenders are turning away business, it may seem counterintuitive to discuss what it will take to succeed in a 2021 purchase money environment. Nothing could be further from the truth. Read more...
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Real Estate Startup Orchard Gets Into Mortgage Biz

Real Estate Startup Orchard Gets Into Mortgage Biz

Wednesday, 29 July 2020
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Real estate tech company Orchard, which offers products for home buyers and sellers, has unveiled the launch of a mortgage unit. So reports Inman. Read more...
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Better Business Bureau Warns of Foreclosure 'Rescue' Scams

Better Business Bureau Warns of Foreclosure 'Rescue' Scams

Sunday, 26 July 2020
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The Better Business Bureau is warning that a mortgage scam is picking up steam during the coronavirus crisis. So reports Tucson, Arizona’s KGUN. Read more...
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Mortgage Fraud Convictions Tossed Over Witness Evidence

Mortgage Fraud Convictions Tossed Over Witness Evidence

Tuesday, 28 July 2020
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The Ninth Circuit Court of Appeals has ordered that federal mortgage convictions against two Southern California men must be reversed. So reports Bloomberg Law and Law360. Read more...
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Bodnar of MMG: Homebuilder Sentiment at Pre-COVID-19 Levels

Bodnar of MMG: Homebuilder Sentiment at Pre-COVID-19 Levels

Friday, 17 July 2020
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Bill Bodnar of The Mortgage Market Guide discusses the average mortgage rate falling below 3% as well as homebuyer and homebuilder sentiment. He also shares his thoughts on the impact of the lockdown, pandemic and remote working arrangements on these trends. Read more...
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Bodnar of MMG: A Nice Couple of Weeks

Bodnar of MMG: A Nice Couple of Weeks

Sunday, 12 July 2020
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Bill Bodnar of The Mortgage Market Guide (MMG) discusses recent mortgage-backed securities performance, as well as all-time low mortgage rates, negative yields around the globe and more. Read more...
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Does Your Firm Employ the Buddy System?

Does Your Firm Employ the Buddy System?

Thursday, 16 July 2020
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A manager cannot be everywhere at once. We can assist the implementation of sales monitoring and effectiveness by teaming a senior originator with a rookie and making the senior originator a team leader. We call this the Buddy System. Read more...
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Owning the Customer is an Originator's Chief Responsibility

Owning the Customer is an Originator's Chief Responsibility

Friday, 17 July 2020
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During my recent MBA webinar, “Owning the Customer: Keys to Originator Success,” I asked attendees whether their originators were reaching out to former customers. Read more...
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Quicken Loans Files for IPO as Rocket Companies

Quicken Loans Files for IPO as Rocket Companies

Sunday, 12 July 2020
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Quicken Loans has filed for an initial public offering under the name Rocket Companies. So reports the Detroit Free Press. Read more...
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