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Ex-Loan Officer Pleads Guilty in Three-Year Mortgage Fraud

A former loan officer for an unnamed mortgage lender has pleaded guilty to a federal charge of conspiracy to commit bank fraud, according to U.S. Attorney Craig Carpenito. So reports The Monmouth Journal. Read more...

Condo Scam Spells Prison Time for Ex-Mortgage Broker

A former Florida mortgage broker has received a 15-month prison sentence after pleading guilty in a mortgage fraud scheme that cost banks more than $5 million. So reports the Tampa Bay Times. Read more...

Sales Success in the Best of Times and the Worst of Times

During a recent training session on recruiting originators, I described our current mortgage environment as the “best of times and the worst of times.” Read more...

Ask The Expert: How Do I Improve?

Ben from the South wrote to me saying: "I have been struggling in the industry for several years. I just can't seem to get to the point where I can make a decent living. I see other loan officers that do not know as much as I do, yet they do better than me. If… Read more...

Bodnar of MMG: Negative Forces Vs. Positive Economic Indicators

Bill Bodnar of The Mortgage Market Guide discusses the negative forces behind the spike in coronavirus cases versus the positive economic indicators, including jobs, reopenings and more. He also discusses how mortgage rates dropped to another all-time low and how there's a limit to how much better they can get. Read more...

Startup Pinwheel Raises $7M to Help Verify Income for Mortgages

Pinwheel, a startup offering an application programming interface for payroll data, has raised $7 million in seed round funding. So reports TechCrunch. Read more...

Michigan Developer Indicted for Mortgage Fraud, Tax Evasion

A Michigan real estate developer has been federally indicted for mortgage fraud, tax evasion and false statements to tax authorities. So reports the Lansing State Journal. Read more...

Former Mortgage Company Boss Charged with Fraud

A federal grand jury has indicted the former head of an Oklahoma City-based mortgage company on charges of fraud and money laundering. So reports The Oklahoman. Read more...

Bodnar of MMG: Fear of a 'Second Wave'

Bill Bodnar of The Mortgage Market Guide discusses the impact of fresh fear about COVID-19 and the correlated market volatility. He contrasts that fear with positives, such as the recent surprising jobs report, the impact of the stimulus efforts, pent up demand and more. Read more...

Why Role-Playing Needs to Be a Part of Your Training Program

Role-playing is a coaching methods that should be a major part of your training. Closing is a matter of identifying needs and filling them at the right time. You cannot teach timing. Read more...

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