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Rocket Mortgage TPO Puts Its Money Where Its Mouth Is

Rocket Mortgage TPO Puts Its Money Where Its Mouth Is

Friday, 08 April 2022
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For conventional and jumbo loans below $2M that don’t require two appraisals and that are taken out on primary residences, Rocket Pro TPO will now offer its Fast 15 Guarantee. This is a promise that if these loans don’t clear to close in 15 business days or less from the submission of a complete loan… Read more...
Rock Entertainment’s Len Komoroski Stepping Away from NBA Role

Rock Entertainment’s Len Komoroski Stepping Away from NBA Role

Friday, 08 April 2022
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Rocket Mortgage FieldHouse, Rock Entertainment Group and the NBA’s Cleveland Cavaliers have announced that Len Komoroski will leave his role as the team’s CEO. So reports Cleveland.com. Read more...
Man Uses Rapper’s Name as Bait in Alleged Mortgage Scheme

Man Uses Rapper’s Name as Bait in Alleged Mortgage Scheme

Friday, 08 April 2022
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A Chicago man has allegedly been using the name of local hip-hop hero Chance the Rapper for a scheme that involves pretending to pay people’s mortgage bills and then swindling them into making donations. So reports CBS Chicago. Read more...
Better.com Asks for Voluntary Resignations

Better.com Asks for Voluntary Resignations

Friday, 08 April 2022
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Online mortgage lender Better.com has been looking to pare back its headcount further through a voluntary separation plan. So reports Bloomberg. Read more...
Ask The Expert: Conventional Loan Vs. an FHA Loan

Ask The Expert: Conventional Loan Vs. an FHA Loan

Friday, 08 April 2022
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Gerry from California writes: "I am new in the industry. I just passed my test for my license. The licensing course gave me some good knowledge, but I don't feel that it helped me advise my clients. I know you can't help me do that in your column, but I do have a specific question.… Read more...
Are You Ready for 2030?

Are You Ready for 2030?

Friday, 08 April 2022
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Each year, Inman gathers a group of top real estate leaders to discuss the industry’s challenges and predict what the future holds for real estate. Inman’s report is a must-read for mortgage lenders and their sales professionals. Read more...
The Case for Changing How We Measure LO Performance

The Case for Changing How We Measure LO Performance

Sunday, 03 April 2022
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In a more difficult mortgage market, it seems that old, potentially disastrous strategies are surfacing once again. With the decline of refinance lending, lenders are loosening underwriting conditions, relaxing credit guidelines and adding higher-risk credit products. It seems that every day, I’m receiving ads for 100% lending in my inbox. I am also seeing lenders… Read more...
Ally Home Pushes Digital Mortgage Service Into Three More States

Ally Home Pushes Digital Mortgage Service Into Three More States

Saturday, 02 April 2022
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Ally Bank’s residential mortgage arm, Ally Home, has expanded its digital-only platform into Massachusetts, Vermont and Virginia. Read more...
Broker Charged with Pocketing Advances on Scam Mortgages

Broker Charged with Pocketing Advances on Scam Mortgages

Saturday, 02 April 2022
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A Florida loan broker has been arrested for allegedly collecting advance fees on a pledge to secure mortgage loans that never materialized. So reports The Business Observer. Read more...
Wells Fargo Scores Early Win in Mortgage Discrimination Lawsuit

Wells Fargo Scores Early Win in Mortgage Discrimination Lawsuit

Saturday, 02 April 2022
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A judge has granted Wells Fargo’s request to dismiss a lawsuit that claims the bank discriminated against minority mortgage borrowers during the run-up to the 2008 financial crisis. So reports Bloomberg. Read more...

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