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Figure Plans to Go Public, Lays Off 20% of Staff

Figure Plans to Go Public, Lays Off 20% of Staff

Sunday, 06 August 2023
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Mike Cagney’s Figure Technologies has let go 90 employees, representing around 20% of its headcount, while at the same time, the company is planning to take its profitable LendCo lending division public. So reports Bloomberg. Read more...
Mortgage Tech Startup Stavvy Buys Rival Brace

Mortgage Tech Startup Stavvy Buys Rival Brace

Sunday, 06 August 2023
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Financial software provider Stavvy has acquired fellow mortgage technology startup Brace for an undisclosed amount. So reports AltFi. Read more...
Ask The Expert: How Can I Expand My Reach with Realtors?

Ask The Expert: How Can I Expand My Reach with Realtors?

Sunday, 23 July 2023
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Barbara from Virginia Beach wrote in: "I have been a loan officer for almost 20 years. Many of my real estate agents have left the industry. I do have a small following of productive agents, but it is not enough for me to make a decent living. What is the best way to expand my… Read more...
Don't Let Poor Communication Torpedo Borrower Satisfaction

Don't Let Poor Communication Torpedo Borrower Satisfaction

Sunday, 23 July 2023
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There’s a misconception that top sales professionals have the “gift of gab.” But the reality is much more complex. Read more...
Rocket Pro TPO Rolls Out Target Profit Control

Rocket Pro TPO Rolls Out Target Profit Control

Sunday, 23 July 2023
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Rocket Pro TPO has introduced a new loan level pricing tool, Target Profit Control, which it says will help brokers meet profitability targets on every correspondent loan. So reports The Mortgage Note. Read more...
Beeline Loans Touts 'First-Ever AI Mortgage Chatbot'

Beeline Loans Touts 'First-Ever AI Mortgage Chatbot'

Sunday, 23 July 2023
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Beeline Loans, the mortgage lender formerly known as Rabbit Mortgage, has introduced what it calls “the first-ever AI mortgage chatbot.” So reports Inman. Read more...
Angelo Mozilo, Countrywide Financial CEO in 2008 Crisis, Dies

Angelo Mozilo, Countrywide Financial CEO in 2008 Crisis, Dies

Sunday, 23 July 2023
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Angelo Mozilo, the former CEO of Countrywide Financial and one of the architects of the 2008 global financial crisis, has died at age 84. So reports Pasadena Now. Read more...
Avoiding the 'Magic Question' Trap

Avoiding the 'Magic Question' Trap

Sunday, 09 July 2023
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I really find it amusing when managers complain that they can’t hire loan officers because they get stuck focusing on the “magic” question. What is this magic question? Here it is… What is your split (or your commission plan)? Read more...
Best U.S. Cities to Raise a Family in 2023: WalletHub Study

Best U.S. Cities to Raise a Family in 2023: WalletHub Study

Sunday, 09 July 2023
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WalletHub’s study on the best cities to raise a family in the U.S. reveals fresh insights on what borrowers are looking for when setting down roots and where they might be moving. Read more...
Crowdfunding Platform PeerStreet Goes Bust

Crowdfunding Platform PeerStreet Goes Bust

Sunday, 09 July 2023
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PeerStreet, a California-based real estate crowdfunding platform, has filed for bankruptcy. So reports FinTech Futures. Read more...

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