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Wells Fargo $3B Settlement Leaves Out Mortgage Biz

Wells Fargo $3B Settlement Leaves Out Mortgage Biz

Sunday, 01 March 2020
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Wells Fargo recently agreed to pay $3 billion to settle federal charges involving the opening of bogus customer accounts. However, the company and its former executives might not be off the hook yet. So reports Reuters. Read more...
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Bill Bodnar of MMG: A Big Pricing Disconnect Once Again

Bill Bodnar of MMG: A Big Pricing Disconnect Once Again

Sunday, 23 February 2020
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Bill Bodnar of The Mortgage Market Guide discusses the technicals, how mortgage backed securities are seeing pricing get up to near term peaks, the coronavirus and how we could potentially see another leg lower in interest rates. Read more...
Baby Steps: The Best Way to Make Selling Changes

Baby Steps: The Best Way to Make Selling Changes

Wednesday, 26 February 2020
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Change is a topic that is discussed every day in the business world. Whether it is a better way to manage stress or learning social selling techniques, adopting new habits is essential if an originator wants to succeed in mortgage banking. Read more...
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The Training Loan Officers Need

The Training Loan Officers Need

Friday, 28 February 2020
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Much time is spent within the area of assessing loan officer hires. Assessments include the interview, trait testing, self-assessments and competency tests. When we find that a loan officer is deficient in their knowledge and/or skills within certain areas, how do we provide the training they need? Read more...
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Brace Raises $10M to Shake Up Mortgage Servicing With AI

Brace Raises $10M to Shake Up Mortgage Servicing With AI

Sunday, 23 February 2020
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Digital mortgage-servicing platform Brace has announced another $10 million in Series A funding led by Point72 Ventures, which brings the company’s total funding to $15 million in under two years. Read more...
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Developer Gets 20 Months for Condo Conversion Scam

Developer Gets 20 Months for Condo Conversion Scam

Thursday, 27 February 2020
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A Florida real estate developer has received a sentence of 20 months in federal prison for a mortgage fraud scheme involving a hotel that had been converted into condominiums. So reports the Florida Business Observer. Read more...
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Real Estate Firm Owner Who ‘Targeted Vulnerable’ is Convicted

Real Estate Firm Owner Who ‘Targeted Vulnerable’ is Convicted

Tuesday, 25 February 2020
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A Massachusetts real estate broker and owner of his own company, Eastern Funding & Investment, has been found guilty on multiple counts of larceny. So reports the Attleboro, Mass. Sun Chronicle. Read more...
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Fintechs House Canary and Reggora Rake in VC Funding

Fintechs House Canary and Reggora Rake in VC Funding

Wednesday, 19 February 2020
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Two fintech startups of note to the mortgage industry, House Canary and Reggora, have announced multi-million-dollar funding rounds. So reports Crowdfund Insider. Read more...
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BoA and Feds Vie to Reclaim Mansion from 'Reverend'

BoA and Feds Vie to Reclaim Mansion from 'Reverend'

Thursday, 20 February 2020
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Bank of America (BoA) and the Internal Revenue Service (IRS) are in a legal fight with a self-proclaimed “reverend” over ownership of a Dallas mansion and its related tax liens. So reports The Dallas Morning News. Read more...
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When You Speak to Groups, Does Anyone Listen?

When You Speak to Groups, Does Anyone Listen?

Friday, 21 February 2020
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When conducting training on lead generation, I often see originators who are not good speakers in front of a group. Some originators think they don’t need this skill set. Read more...
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