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Originating (1369)

SEC, U.S. Attorney Charge Developer with Fraud

SEC, U.S. Attorney Charge Developer with Fraud

Thursday, 11 October 2018
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The SEC and the U.S. Attorney’s Office for the Eastern District of Virginia have charged a Virginia real-estate developer with securities fraud and skimming investor funds that were intended to be used to purchase an office building near the site of a planned commuter rail station on the Washington, D.C. Metro’s Area Silver Line. Todd… Read more...
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A Primer for Building Realtor Relationships in a Purchase Market

A Primer for Building Realtor Relationships in a Purchase Market

Thursday, 11 October 2018
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“Relationships are the mother’s milk of every mortgage broker,” to paraphrase Thomas Jefferson. Relationships with realtors are a key to picking up the purchase business. In the past, that meant taking donuts to real estate office, or coffee, was enough to gain their business. That not enough anymore. Realtors are bombarded with requests from mortgage… Read more...
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Over 30% of Borrowers Expect Access to Web-Based Technology

Over 30% of Borrowers Expect Access to Web-Based Technology

Wednesday, 10 October 2018
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Borrowers are coming to expect access to web-based technologies during the origination process. Online borrower portals, online chat, and text messaging are changing how consumers of all ages approach the mortgage process, according to “The Digital Mortgage Experience: A Study of Shifting Borrower Expectations,” a survey from Velocify. More than a third of them prefer… Read more...
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Fed Survey: Earnings growth Positive, Unemployment Fears Increase

Fed Survey: Earnings growth Positive, Unemployment Fears Increase

Wednesday, 10 October 2018
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Labor market expectations improved with the median one-year ahead earnings growth expectations reaching a new series’ high and households having more optimistic unemployment expectations, meaning they fear losing their jobs, according to the September 2018 Survey of Consumer Expectations from the Federal Reserve Bank of New York’s Center for Microeconomic Data. In contrast, expectations about… Read more...
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ACUMA Elects New Board Members

ACUMA Elects New Board Members

Tuesday, 09 October 2018
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The American Credit Union Mortgage Association's membership has elected two new board members to three year terms. Alissa Sykes, senior vice president and chief lending officer at Sunmark Federal Credit Union; and Jason Sasena, senior vice president of National Mortgage Production at Lake Michigan Credit Union have won election to ACUMA's board. ACUMA is a… Read more...
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NAMB Shares FBI’s Tips To Prevent Wire Fraud

NAMB Shares FBI’s Tips To Prevent Wire Fraud

Tuesday, 09 October 2018
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Wire fraud has more than doubled over the past two years, and since 2013 has cost more than $12 billion in the U.S. Between 2016-18 the incidence of wire fraud grew 136 percent, attracting the attention of the Federal Bureau of Investigation and NAMB. As a result, NAMB has urged members to share this information… Read more...
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Lenders-Originators Can Secure Email, Thwart Cyber Thieves

Lenders-Originators Can Secure Email, Thwart Cyber Thieves

Monday, 08 October 2018
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Email remains an important channel of communication with borrowers. Yet it exposes loan originators, and the companies they work for, to security risks. Financial organizations—and originators in particularly since they are on the front line with borrowers—face a decision on how much security they want because it can undermine the lending experience. The security concern… Read more...
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Walker and Dunlop Hires Industry Vet

Walker and Dunlop Hires Industry Vet

Monday, 08 October 2018
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Walker and Dunlop has hired Trevor Blood as vice president in its Capital Markets group, which brokers commercial real estate loans through its vast network of capital providers. He is based out of the company’s Torrance, Cali., office and will play an integral role in the continued expansion of Walker and Dunlop’s geographic footprint across… Read more...
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Video Offers Brokers a Cost Effective, Easy Way to Engage Borrowers

Video Offers Brokers a Cost Effective, Easy Way to Engage Borrowers

Friday, 05 October 2018
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Video is easy, fun and effective. It doesn’t take acting skills or Hollywood looks to be effective. Short videos 45 seconds to a couple of minutes, offer a great opportunity for originators to market their services. It's important to note that internet surfers spend as much as one-third of their time watching videos on YouTube,… Read more...
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Four Steps Mortgage Brokers Can Take to Engage on Social Media

Four Steps Mortgage Brokers Can Take to Engage on Social Media

Friday, 05 October 2018
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[caption id="attachment_6549" align="alignleft" width="150"] Social media is a way for brokers to stay in front of their clients.[/caption] By Sam Evans To succeed as a mortgage broker, requires staying in front of clients in a manner that inspires confidence. Social media makes that easy and cost effective, especially compared to print and email campaigns. LinkedIn,… Read more...
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