Subscribe to this RSS feed
Originating

Originating (1381)

MGIC-Compass Making it Easier, Faster for Originators to Order Insurance

MGIC-Compass Making it Easier, Faster for Originators to Order Insurance

Tuesday, 19 February 2019
Originating
Written by
MGIC’s mortgage insurance quotes are now available through Compass Analytics' product, pricing, and eligibility engine, CompassPPE. Through this technology integration in CompassPPE, loan originators can select mortgage insurance products and request rate quotes without leaving the platform. This automation brings real-time mortgage insurance quotes to the point-of-sale, improving the borrower's experience because it optimizes pricing… Read more...
Tagged under
Originators Remain Trusted Advisors, Though Tech Is Changing Their Role

Originators Remain Trusted Advisors, Though Tech Is Changing Their Role

Tuesday, 19 February 2019
Originating
Written by
By Pat Sherlock One of the most talked about topics in mortgage banking is whether the industry will evolve into a self-service business. Many managers are speculating whether purchasing a home loan will become an automated, point-and-click business similar to booking an airline flight or obtaining concert tickets. A number of high-level executives believe that… Read more...
Tagged under
Define and Grow Your Sphere

Define and Grow Your Sphere

Monday, 18 February 2019
Originating
Written by
By Dave Hershman In the previous column, we defined the term sphere. We now will go a little deeper and discuss the seven segments of one’s personal sphere. Friends, family and neighbors: This part of your sphere is comprised of those with whom you have the closest relationship. Covey would say that you have built… Read more...
Tagged under
Three Types of Agent Partners

Three Types of Agent Partners

Monday, 18 February 2019
Originating
Written by
By Brian Sacks When I first started originating many years ago, I was told to go visit real estate offices and meet and greet agents. Of course, this is much easier said than done these days. But back then you could walk into a real-estate office and there would be agents there. Our first basic… Read more...
Tagged under
VA Has Established New Policies for Cash-Out Refis

VA Has Established New Policies for Cash-Out Refis

Friday, 15 February 2019
Originating
Written by
Veterans Affairs has established new policies regarding guaranteed cash-out refinancing loans, including refinancing of construction loans. The policies determine when Veterans Affairs can guarantee a refinancing, as required under The Economic Growth, Regulatory Relief, and Consumer Protection Act. The new policies take effect Feb. 15. For loans being refinanced within one year from the date… Read more...
Tagged under
Ellie Reports Earnings Rose to $116M in Q4

Ellie Reports Earnings Rose to $116M in Q4

Friday, 15 February 2019
Originating
Written by
Ellie Mae reported revenues for the fourth quarter of 2018 of $116.0 million, compared to $112.9 million for the fourth quarter of 2017. Net income for the fourth quarter of 2018 was $0.1 million, or $0.00 per share, compared to $9.9 million, or $0.28 per diluted share, for the fourth quarter of 2017. Net income… Read more...
Tagged under
Fixed-Rate Mortgages Achieve 12-Month Low

Fixed-Rate Mortgages Achieve 12-Month Low

Thursday, 14 February 2019
Originating
Written by
Fixed-rate mortgages have fallen to their lowest levels since early 2018, according to the Primary Mortgage Market Survey from Freddie Mac. “The combination of cooling inflation and slower global economic growth led mortgage rates to drift down to the lowest levels in a year,” said Sam Khater, chief economist for Freddie. “While housing activity has… Read more...
Tagged under
Bodnar: Bad News Could Lead to Good News

Bodnar: Bad News Could Lead to Good News

Wednesday, 13 February 2019
Originating
Written by
Bill Bodnar from Mortgage Market Guide discusses the catalysts driving the mortgage market. This week the biggest news was the decline, 1.2 percent, in retail sales for December, and a significant decline, 3.9 percent in internet sales. Equity and bond markets were “spooked by the numbers,” yet the result could bode well for originators and… Read more...
Tagged under
Operator of Mortgage Fraud Sent to Prison for Over 7 Years

Operator of Mortgage Fraud Sent to Prison for Over 7 Years

Thursday, 14 February 2019
Originating
Written by
Prakashumar "Kash" Bhakta was sentenced for operating a mortgage fraud scheme throughout Southern California and the Inland Empire that preyed on homeowners facing foreclosure, Xavier Becerra, attorney general for California announced. [caption id="attachment_9983" align="alignleft" width="244"] Xavier Becerra[/caption] Bhakta was sentenced to seven years and eight months in state prison. Restitution will be ordered in the… Read more...
Tagged under
7 Ways to Optimize Referral Sources for Loan Officers

7 Ways to Optimize Referral Sources for Loan Officers

Tuesday, 12 February 2019
Originating
Written by
By Ben Smidt [caption id="attachment_9966" align="alignright" width="179"] Ben Smidt[/caption] Being a loan officer is about being savvy and open to new ways of increasing your referral sources. We all know the typical referral sources for loan officers — real estate professionals, educational institutions, financial planners, builders and so on. But how do loan officers effectively… Read more...
Tagged under

FOLLOW US