OTHER NEWS
The Learning Center
Our Learning Center ensures that every reader has a resource that helps them establish and maintain a competitive advantage, or leadership position. For instance, loan originators and brokers will have one-click access to resources that will help them increase their productivity. Search topics by category and keyword and generate free videos, webinars, white papers and other resources. If you would like to add your content to the learning center, please click here or email Tim Murphy at [email protected].
Criminal Charges Tossed in Massive Mortgage Fraud Case
- Friday, 09 October 2020
- Originating
Criminal charges are off the table for upstate New York real estate developer Robert Morgan in what prosecutors alleged was a mortgage fraud scheme involving hundreds of millions of dollars. So reports the Rochester, N.Y. Democrat and Chronicle.
Read more...Data Firm Finicity Launches New Tools to Ease Credit Decisions
- Friday, 02 October 2020
- Originating
Financial data provider Finicity has introduced new tools that it says will streamline the credit decision-making process for mortgages and other loans. So reports PYMNTS.com.
Read more...$3T in Mortgage Volume and Its Unintended Consequences
- Thursday, 08 October 2020
- Originating
Recently, the MBA reported that 2020 has been the best year in the industry since 2003 and that the volume generated to date is already $1 trillion more than in 2019. One of the few positive spots in the economy has been the housing market where there are not enough real estate sellers and affordable housing.
Read more...The Flaws of 100% Commission Pay Plans
- Wednesday, 21 October 2020
- Originating
The 100% commission pay structure has long been considered the gold standard in mortgage lending as the best way to motivate originators to generate more volume. Implicit in a 100% commission pay structure is that a large reward is available for sales professionals who do well.
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