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Dallas-Based Team Increases Profitability 35%

Dallas-Based Team Increases Profitability 35%

Friday, 11 January 2019
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The Cooksey Team, a Dallas-based retail branch of Mid America Mortgage Inc., has achieved year-over-year growth in volume and profitability for the sixth year running. In 2018, The branch increased overall volume by 27 percent compared with the previous year and increased the number of loan units closed by 28 percent. In addition, the branch… Read more...
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Freddie Mac: Mortgage Rates Drop Significantly

Freddie Mac: Mortgage Rates Drop Significantly

Friday, 11 January 2019
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Mortgage rates have dropped significantly across the board, according to the “Primary Mortgage Market Survey” from Freddie Mac. “Mortgage rates fell to the lowest level in nine months, and in response, mortgage applications jumped more than 20 percent,” said Sam Khater, Freddie Mac’s chief economist. “Lower mortgage rates combined with continued income growth and lower… Read more...
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Movement Acquires 35 Branch Offices from Eagle Home Mortgage

Movement Acquires 35 Branch Offices from Eagle Home Mortgage

Wednesday, 09 January 2019
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Movement Mortgage, a national top-10 retail mortgage lender, has expanded its Pacific Northwest and Mountain West capabilities by agreeing to acquire the retail mortgage operations of Eagle Home Mortgage LLC. The transaction is expected to add $1.5 billion in additional annual mortgage loan volume to Movement's origination platform. The acquisition, which is scheduled to close… Read more...
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Newfi Lending Launches 2-1 Buydown Program

Newfi Lending Launches 2-1 Buydown Program

Tuesday, 08 January 2019
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Newfi Lending has launched of a 2-1 buydown program that’s designed to help consumers, realtors, and brokers. The product is designed to meet the needs of home sellers and buyers in this rising interest rate market. As the home purchase market moves from a seller's to a buyer's market across the U.S., realtors and builders… Read more...
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Guild Mortgage Deploys Technology Providing Insights Into Borrowers’ Home Finances

Guild Mortgage Deploys Technology Providing Insights Into Borrowers’ Home Finances

Wednesday, 09 January 2019
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Guild Mortgage has licensed Homebot, a personalized financial dashboard that enables loan officers to provide borrowers with a better understanding of their home finances. [caption id="attachment_8828" align="alignright" width="291"] Guild employed the technology, so loan officers could serve as 'trusted advisors.'[/caption] The technology enables loan officers to offer customers relevant data, economic insights and market intelligence… Read more...
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UWM Promises the Lowest Rates in the Industry

UWM Promises the Lowest Rates in the Industry

Monday, 07 January 2019
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United Wholesale Mortgage will begin to provide mortgage brokers with the best rates and pricing in the U.S. According to the company, it has been competitive in terms of rates, regularly ranking near the top of most rate comparisons, but was recognized by mortgage brokers more for its service, process, technology and partnership tools—and not… Read more...
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Will the Government Shutdown Lead to Origination Delays?

Will the Government Shutdown Lead to Origination Delays?

Tuesday, 08 January 2019
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The effects of the federal government shutdown on the housing market are wide-ranging and personal--unpaid workers still have to pay their mortgage, while aspiring homeowners might see their loans in limbo. [caption id="attachment_8411" align="alignright" width="289"] The government shutdown could delay loan closings, according to Zillow.[/caption] About 800,000 workers aren't being paid, about 380,000 are furloughed… Read more...
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Gen-Xers, Older Millennials Prefer Stocks to Real Estate

Gen-Xers, Older Millennials Prefer Stocks to Real Estate

Sunday, 06 January 2019
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Less than half of homebuyers and sellers between the ages of 35 and 44 believe that real estate is a better long-term investment than the stock market, according to a survey from Redfin, a real estate brokerage. Buyers who reached the median first-time homebuyer age of 31 years old between 2008 and 2012 during the… Read more...
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How the PIT System Can Boost Originators’ Sales

How the PIT System Can Boost Originators’ Sales

Monday, 07 January 2019
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 By Brian Sacks We work in a business that can often be quite frustrating for many different reasons. If your days are anything like mine, then you are constantly working on the following aspects of your business every day. --Bringing in new deals. --Closing the deals you have. --Managing Staff: Even if you are a… Read more...
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MonitorBase Launches Instant Credit Pre-Qual for Originators, Borrowers

MonitorBase Launches Instant Credit Pre-Qual for Originators, Borrowers

Friday, 04 January 2019
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MonitorBase has launched a platform that provides originators and borrowers access to an instant credit pre-qualification through a soft credit pull executed on their mobile device. "Our pilot users are seeing very positive results and saving a bundle on credit report fees that would otherwise be wasted. Their referral partners also love that their prospects… Read more...
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