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First Mortgage Co., McCord Must Pay $31M, Judge Rules

First Mortgage Co., McCord Must Pay $31M, Judge Rules

Friday, 31 March 2023
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Oklahoma City-based mortgage company First Mortgage Co. and owner Ron McCord must pay warehouse lender CapLoc $31 million plus interest, a Manhattan federal judge has ruled. So reports NEXT Mortgage News. Read more...
Hispanic Borrowers: Are Your LOs Bypassing This Massive Opportunity?

Hispanic Borrowers: Are Your LOs Bypassing This Massive Opportunity?

Thursday, 30 March 2023
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If your loan officers are not actively courting Latino home loan prospects, you could be walking away from massive profit potential, according to the latest stats from The National Association of Hispanic Real Estate Professionals® (NAHREP). Read more...
How to Develop Your Company's Culture

How to Develop Your Company's Culture

Friday, 24 March 2023
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Just because a company underwrites and/or approves loans quickly does not mean it is part of the culture. For example, are each and every one of the loan officers featuring this turnaround time, or are they selling rate and assuming that the quick approval is not something their clients want or need? Read more...
UWM $16B Deal at Center of Investor Suit

UWM $16B Deal at Center of Investor Suit

Friday, 24 March 2023
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A blank-check company faces a lawsuit on behalf of its shareholders over a $16.1 billion deal to take United Wholesale Mortgage public. So report The Mortgage Note and Law360. Read more...
Guild Mortgage CEO Mary Ann McGarry Sets Retirement

Guild Mortgage CEO Mary Ann McGarry Sets Retirement

Friday, 24 March 2023
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Guild Mortgage announced that CEO Mary Ann McGarry will retire in June, following a 40-year industry career. So reports The Mortgage Note. Read more...
Kind Lending Unveils Joint Venture With RE/MAX

Kind Lending Unveils Joint Venture With RE/MAX

Friday, 24 March 2023
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Kind Lending has joined forces with RE/MAX Results in Minnesota and Wisconsin to launch a joint venture mortgage company, Results Home Mortgage. So reports NEXT Mortgage News. Read more...
Prioritize Video Content for Social Selling Success

Prioritize Video Content for Social Selling Success

Friday, 24 March 2023
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It has long been documented that videos outperform static images and posts when it comes to reaching your target audience. But, now more than ever, if you want to connect with borrowers and referral sources, video content needs to be a priority in your social selling mix. Read more...
How to Motivate LOs In A Tough Market?

How to Motivate LOs In A Tough Market?

Sunday, 19 March 2023
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In mortgage banking, it seems to be a perpetual question: “How do I motivate LOs in a tough market?” The short answer is you can’t. Read more...
Impac Mortgage Goes Broker, Winds Down TPO Channel

Impac Mortgage Goes Broker, Winds Down TPO Channel

Saturday, 18 March 2023
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Impac Mortgage has unveiled a shift to a mortgage broker fulfillment model for its retail consumer direct lending vision. So reports Seeking Alpha. Read more...
Digital Lender Molo Sells 80% Stake to Australian Firm

Digital Lender Molo Sells 80% Stake to Australian Firm

Saturday, 18 March 2023
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Molo Finance, a UK-based digital mortgage lender, has sold an 80% stake to Australian mortgage lender ColCap. So reports Crowdfund Insider. Read more...

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