Mortgage industry trainer Ron Vainberg, president of Ron Vainberg International, has shared some tips on raising profits in a slow sales environment. So reports TheMReport.
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A mortgage broker has pleaded guilty to stealing almost $5 million in refinancing loans so he could buy watches and jewelry. So reports MarketWatch.
According to authorities, 50-year-old Brent Kaufman of Commack, N.Y., gave lenders his own bank account information instead of the information for the original mortgage lender for where the money should be sent.
Kaufman, a disbarred lawyer whom prosecutors say had no license to operate as a mortgage broker, now faces up to 30 years in prison.
