Originating

Originating (1387)

Ask The Expert: Can An FHA Loan Be Used for a Cash-out Refinance of an Owner-occupied Single-family Residence?

Edward from Lincoln Nebraska asks Dave Hershman: I am new to originating. I have a couple of general questions that I hope you can answer, as I have not been getting much guidance from my company. Read more...

How to Set New Employees Up for Success

The first day is the most important day of a new employee’s career with your company. Changing jobs is traumatic enough. Coming to a strange place and witnessing no support the first day can be devastating. Read more...

It’s Time to Change Originator Responsibilities

When I am conducting sales training at lenders, it is clear that originators are asked to perform an inordinate number of duties that are not selling activities. The typical lender expects originators to generate their own business; put a file together; follow up with customers; and retain the customers once the loan has closed. Read more...

3 'OK Boomer' Moments in Mortgage Banking

The catchphrase “OK Boomer” caught fire in 2019, trending in the media and on the Internet. The saying gained popularity when CNN showed a video of Chlöe Swarbrick speaking about the Zero Carbon Bill in New Zealand. Read more...

Blackfin Taps Mortgage Tech Vet to Run Ops

Blackfin Group has hired Lloyd Booth, who has 30 years of mortgage technology experience, as chief operating officer and chief technology officer, the company announced. Read more...

Court Rebukes 'Sovereign Citizen' Cop in Mortgage Scheme

A court has given an unusual reprimand to a former Windsor, Conn. police “Officer of the Year” who was sentenced to two and a half years in prison for falsely claiming to have paid off the judge in his foreclosure case. So reports The Hartford Courant. Read more...

Mortgage Relief Scammers Must Pay $18.5M

A judge has ruled in favor of the Federal Trade Commission against several companies accused of operating mortgage debt relief scams, the FTC has announced. The U.S. District Court for the District of Nevada also slapped an $18.5 million judgment against the scammers. Read more...

Bill Bodnar of MMG: 3 Trends to Watch in 2020

Bill Bodnar of The Mortgage Market Guide said that while 2020 is starting right where 2019 left off, there are three trends mortgage industry professionals should pay attention to. The first is "Don't Fight the Fed." Read more...

Bill Bodnar of MMG: A Santa Clause Rally

Bill Bodnar of the Mortgage Market Guide talks about the Santa Clause rally, how the bright spot in rates will probably continue for the foreseeable future and more. Bodnar discusses this "beautiful sideways pattern," which is supported by low inflation and problems around the globe. Read more...

Bill Bodnar of MMG: Why Deals Picked Up This Week

Bill Bodnar of the Mortgage Market Guide explains why we need to track what is going on overseas and how it impacts us. He also offers insight into the impact of the incredible rate environment, super tight labor market, inflation, rising wages and stock wealth heading into 2020. Read more...

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