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Better.com Confirms Plans to Go Ahead with Public Offering

Better.com Confirms Plans to Go Ahead with Public Offering

Thursday, 21 July 2022
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Online mortgage lender Better.com has signaled that it is still aiming to hit the public markets via a deal with a blank-check company, or SPAC. So reports TechCrunch. Read more...
Real Estate Manager Pleads Guilty to $50M Mortgage Fraud

Real Estate Manager Pleads Guilty to $50M Mortgage Fraud

Thursday, 21 July 2022
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A Hartford, Conn., real estate portfolio manager has pleaded guilty to a charge stemming from a mortgage fraud scheme involving almost $50 million in loans. So reports the Hartford Business Journal. Read more...
Black Knight Launches Tool to Minimize Fee Cure Costs

Black Knight Launches Tool to Minimize Fee Cure Costs

Thursday, 21 July 2022
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Black Knight has unveiled a tool that helps lenders compare loan estimates and closing disclosures from closed loans to minimize mandatory 0% and 10% tolerance fee cures. Read more...
Better.com CEO Sued for Allegedly Conning Investors

Better.com CEO Sued for Allegedly Conning Investors

Thursday, 21 July 2022
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Vishal Garg became infamous after he fired more than 900 workers over Zoom last year and now is facing allegations that he misled investors. So reports CNN. Read more...
Ask The Expert: More Thoughts on Connecting with Younger Buyers

Ask The Expert: More Thoughts on Connecting with Younger Buyers

Thursday, 21 July 2022
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In a previous column, I addressed a question by Walter from New York about becoming relevant to younger homebuyers. I have some more insights to share. But first, as a reminder, here is Walter's question: "I keep reading about the importance of millennials in the market. I have been a loan officer and sometimes producing manager… Read more...
Ask The Expert: When Will the Real Estate Slowdown Turn Around?

Ask The Expert: When Will the Real Estate Slowdown Turn Around?

Thursday, 21 July 2022
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Several Loan Officers wrote to me expressing these sentiments: I made a lot of money in the past three years. It wasn’t just refinances, either, as the purchase market was strong. With rates rising, I expected refinances to go away. But I did not expect the real estate market to slow down. When do you see… Read more...
Do You Have a Winning Retention Strategy in Place?

Do You Have a Winning Retention Strategy in Place?

Thursday, 21 July 2022
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Rising interest rates, limited housing inventory and the skyrocketing price of consumer goods have made the last half of 2022 an uphill climb for many lenders and originators. While mortgage managers struggle to generate loan demand in a more volatile marketplace, I believe that the companies with solid hiring and employee retention strategies in place… Read more...
Are Your LOs Leveraging the Power of Social Selling?

Are Your LOs Leveraging the Power of Social Selling?

Thursday, 21 July 2022
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In my sales training classes, I’m always surprised by how many originators aren’t using social media as part of their sales efforts. Read more...
CFPB Says States Can Get Tough on Credit Reporting Agencies

CFPB Says States Can Get Tough on Credit Reporting Agencies

Friday, 08 July 2022
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The Consumer Financial Protection Bureau has issued an interpretive ruling that says states can generally enact their own laws that are stricter than the Fair Credit Reporting Act. So reports PYMNTS.com. Read more...
First Guaranty Mortgage Files for Bankruptcy

First Guaranty Mortgage Files for Bankruptcy

Friday, 08 July 2022
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First Guaranty Mortgage Corp. has announced that it filed for bankruptcy, citing “significant operating losses and cash flow challenges” due to “unforeseen” industry conditions. Read more...

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