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UBS to Pay $1.4B Over Fraud from Before 2008 Mortgage Crisis

UBS to Pay $1.4B Over Fraud from Before 2008 Mortgage Crisis

Saturday, 19 August 2023
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Federal prosecutors have announced that UBS will pay $1.4 billion in penalties to settle civil allegations of fraud in the sale of residential mortgage-backed securities leading up to the 2008 global financial crisis. So reports CNBC. Read more...
Ask The Expert: More Thoughts on Expanding Your Reach with Realtors

Ask The Expert: More Thoughts on Expanding Your Reach with Realtors

Sunday, 06 August 2023
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In my previous column, I answered a question from Barbara in Virginia Beach. I have some additional thoughts on her question. Read more...
Build a Robust Referral Network with These 3 Steps

Build a Robust Referral Network with These 3 Steps

Sunday, 06 August 2023
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In today’s volatile mortgage environment, loan originators must increase their referral sources if they want to generate enough business to succeed long-term. But, connecting with potential partners and borrowers is easier said than done with so many LOs competing in an already crowded marketplace. Read more...
Stay Confident, Stresses Guild Mortgage’s Former CEO

Stay Confident, Stresses Guild Mortgage’s Former CEO

Sunday, 06 August 2023
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Mortgage professionals need to maintain their confidence and not be afraid to ask questions, according to former Guild Mortgage CEO Mary Ann McGarry. So reports The Mortgage Note. Read more...
Figure Plans to Go Public, Lays Off 20% of Staff

Figure Plans to Go Public, Lays Off 20% of Staff

Sunday, 06 August 2023
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Mike Cagney’s Figure Technologies has let go 90 employees, representing around 20% of its headcount, while at the same time, the company is planning to take its profitable LendCo lending division public. So reports Bloomberg. Read more...
Mortgage Tech Startup Stavvy Buys Rival Brace

Mortgage Tech Startup Stavvy Buys Rival Brace

Sunday, 06 August 2023
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Financial software provider Stavvy has acquired fellow mortgage technology startup Brace for an undisclosed amount. So reports AltFi. Read more...
Ask The Expert: How Can I Expand My Reach with Realtors?

Ask The Expert: How Can I Expand My Reach with Realtors?

Sunday, 23 July 2023
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Barbara from Virginia Beach wrote in: "I have been a loan officer for almost 20 years. Many of my real estate agents have left the industry. I do have a small following of productive agents, but it is not enough for me to make a decent living. What is the best way to expand my… Read more...
Don't Let Poor Communication Torpedo Borrower Satisfaction

Don't Let Poor Communication Torpedo Borrower Satisfaction

Sunday, 23 July 2023
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There’s a misconception that top sales professionals have the “gift of gab.” But the reality is much more complex. Read more...
Rocket Pro TPO Rolls Out Target Profit Control

Rocket Pro TPO Rolls Out Target Profit Control

Sunday, 23 July 2023
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Rocket Pro TPO has introduced a new loan level pricing tool, Target Profit Control, which it says will help brokers meet profitability targets on every correspondent loan. So reports The Mortgage Note. Read more...
Beeline Loans Touts 'First-Ever AI Mortgage Chatbot'

Beeline Loans Touts 'First-Ever AI Mortgage Chatbot'

Sunday, 23 July 2023
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Beeline Loans, the mortgage lender formerly known as Rabbit Mortgage, has introduced what it calls “the first-ever AI mortgage chatbot.” So reports Inman. Read more...

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