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Ask The Expert: How Would a Recession Impact Our Industry? (Pt. 2)

Ask The Expert: How Would a Recession Impact Our Industry? (Pt. 2)

Thursday, 13 October 2022
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In my last column, I responded to a question from many loan officers asking about a potential recession. I have additional thoughts on the topic.  Read more...
What It Takes to Convince Borrowers to Buy

What It Takes to Convince Borrowers to Buy

Thursday, 13 October 2022
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Many managers believe that improving originators’ product knowledge is one of the most important investments they can make. Granted, qualifying borrowers and slotting them into the appropriate loan is key to an originator’s success. Read more...
Ask The Expert: What Would a Recession Mean for Loan Officers?

Ask The Expert: What Would a Recession Mean for Loan Officers?

Sunday, 09 October 2022
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Several Loan Officers have asked: "I am reading that a recession is on the way. With higher rates and real estate sales falling, I believe a recession could be devasting to our business. What is your take on what a recession would mean for loan officers?"  Read more...
Surviving and Thriving Amid Rising Interest Rates

Surviving and Thriving Amid Rising Interest Rates

Sunday, 09 October 2022
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Faced with the grim reality of rising interest rates and lower production, mortgage firms are cutting sales staff in an effort to stay profitable. Unfortunately, this strategy reinforces mortgage banking’s reputation as a boom or bust business that has difficulty adjusting to a changing interest rate environment. Read more...
Rate Lock Volumes Drop in September

Rate Lock Volumes Drop in September

Saturday, 08 October 2022
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Rate lock activity based on dollar volume fell last month, but there were some bright spots. That’s according to an announcement from capital markets software and services provider MCT. Read more...
MAXEX Adds Non-QM Programs for Originators

MAXEX Adds Non-QM Programs for Originators

Saturday, 08 October 2022
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Digital mortgage exchange MAXEX has announced new programs for originators and loan buyers in the non-QM lending market. Read more...
BlackFin Recruits Rick Grant to Chair Industry Think Tank

BlackFin Recruits Rick Grant to Chair Industry Think Tank

Saturday, 08 October 2022
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BlackFin Group has announced that veteran journalist and communications consultant Rick Grant will serve as the chair of its innovation-focused think tank, the Innovation Leadership Cohort. Read more...
BeSmartee Integrates with Snapdocs to Speed Closing Process

BeSmartee Integrates with Snapdocs to Speed Closing Process

Friday, 30 September 2022
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Snapdocs has announced the completion of its integration with BeSmartee’s digital mortgage platform, which aims to streamline the borrower’s closing document review and signature steps. So reports MortgageOrb. Read more...
Fairway Mortgage Talks Hiring Employees for Long-Term

Fairway Mortgage Talks Hiring Employees for Long-Term

Friday, 30 September 2022
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Fairway Independent Mortgage Corp. management has shared some insights on hiring and retaining for the long haul in a cyclical industry. So reports CT Insider. Read more...
Sterling Bank Hit with $6M Fine Over Mortgage Loan Program

Sterling Bank Hit with $6M Fine Over Mortgage Loan Program

Friday, 30 September 2022
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Sterling Bank and Trust has agreed to pay a $6 million fine in connection with what was once the Michigan-based bank’s primary mortgage loan product. So reports BankersOnline.com. Read more...

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