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Quicken Loans Offered Aid to Michigan on Unemployment System

Quicken Loans Offered Aid to Michigan on Unemployment System

Sunday, 07 June 2020
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Quicken Loans has confirmed that it was one of the outside companies offering to aid the state of Michigan with an unemployment system creaking from a historic number of applications. So reports The Detroit News. Read more...
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Ten Indicted for Mortgage Scam Against Program for Homeless

Ten Indicted for Mortgage Scam Against Program for Homeless

Tuesday, 09 June 2020
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Prosecutors have indicted 10 people on charges involving a mortgage fraud scheme that allegedly abused a New York City program that prepaid landlords one year of rent to relocate families from homeless shelters. So reports Essex News Daily. Read more...
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Ask The Expert: Succeeding Now and Post-Pandemic

Ask The Expert: Succeeding Now and Post-Pandemic

Wednesday, 03 June 2020
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Last week I answered a question I have received from many loan officers about succeeding now and once the pandemic is over. Here is part 2 of my response. Read more...
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Do You Really Want to Be a Successful Originator?

Do You Really Want to Be a Successful Originator?

Friday, 05 June 2020
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Every crisis provides an opportunity for mortgage managers to put everything on the table and re-examine their LOs’ selling models as they determine the best path forward. One manager recently said to me that the pandemic has changed everything and “inmates are no longer running the asylum in mortgage banking.” Read more...
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Bodnar of MMG on Stocks, Continuing Claims and Loan Sizes

Bodnar of MMG on Stocks, Continuing Claims and Loan Sizes

Sunday, 31 May 2020
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Bill Bodnar of The Mortgage Market Guide weighs in on mortgage rates hitting another all time low, demand in the housing market, average loan sizes decreasing, and unemployment figures. Read more...
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Ex-Mortgage Broker Gets 3 Years in Prison for $1M Scam

Ex-Mortgage Broker Gets 3 Years in Prison for $1M Scam

Thursday, 04 June 2020
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A judge in Canada has sentenced a former mortgage broker to three years in prison for his role in a fraud and money laundering plot totaling $1 million. So reports the Calgary Herald. Read more...
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Florida Lawyer Indicted for Defrauding Fannie Mae, Much More

Florida Lawyer Indicted for Defrauding Fannie Mae, Much More

Tuesday, 02 June 2020
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A Florida man has been charged with conspiracy, bankruptcy, and wire fraud, facing decades in prison if convicted. That’s according to federal prosecutors. Read more...
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Digital Mortgage Platforms Raise Funds As COVID-19 Rocks Industry

Digital Mortgage Platforms Raise Funds As COVID-19 Rocks Industry

Sunday, 31 May 2020
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The coronavirus pandemic has jolted the mortgage industry, resulting in more remote deal-making. As such, firms that help with digital transactions are ramping up to do more. So reports Cheddar. Read more...
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Winning in a Period of 'Optimum Warning'

Winning in a Period of 'Optimum Warning'

Friday, 29 May 2020
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While lenders are super busy now, many in our industry are wondering what mortgage lending will look like after the pandemic is over. Will we return to “business as usual” or will the environment be completely different? I believe it will be the latter. Read more...
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Ask The Expert: How Do I Succeed in Today's Environment?

Ask The Expert: How Do I Succeed in Today's Environment?

Thursday, 28 May 2020
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Many loan officers have asked me recently about a similar issue: My lender has tightened restrictions, real estate sales have fallen, and rates are not as low as I expected them to be. I am worried about making a living even after the COVID-19 crisis is over. What will the post pandemic industry look like?… Read more...
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