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Crypto Lender Milo Raises $17M in Funding

Milo, a fintech company that allows mortgage borrowers to put up cryptocurrency as collateral, has another $17 million in the bank, the firm announced.  Read more...

$5M Mortgage Modification Scam Ends in Guilty Plea

A California man has pleaded guilty to a fraudulent foreclosure rescue scheme that brought in at least $5 million from thousands of financially distressed borrowers. That’s according to federal prosecutors. Read more...

How LOs Can Best Leverage the Power of Social Media

In my sales training classes, I always include a section on how LOs can use social selling channels to increase brand awareness and forge quality relationships with prospects, customers and referral sources.  Read more...

Better.com Workers Learn of Latest Layoffs Via Payroll App

In the latest unusual development at online mortgage lender Better.com, employees found out about another round of layoffs after they were accidentally tipped off by the corporate payroll app. So reports The Verge. Read more...

Ex-Lawyer and Wife Guilty of Orchestrating Mortgage Scams

A disbarred attorney and his wife have pleaded guilty to leading various mortgage fraud schemes, according to federal prosecutors. So reports the Associated Press. Read more...

Cash-Out Refis Hit $1.4T in 2021, Highest Since 2005

Of $2.7 trillion in refinances originated in 2021, $1.2 trillion were cash-outs, according to Black Knight’s latest Mortgage Monitor report. Read more...

Crypto Lenders See Opportunity in Bitcoin Mortgages

As cryptocurrency gains popularity, crypto mortgage lenders have sprung up to fill the gap for home buyers whose wealth is tied up in digital entities like Bitcoin or Ether. So reports Fortune. Read more...

'Armed and Dangerous' Suspect Sought in $10M Mortgage Scam

Toronto police have announced a Canada-wide warrant for a man allegedly involved in a mortgage scam totaling more than $10 million. So reports GlobalNews.ca. Read more...

Online Broker Morty Outlines Plans to 'Democratize' Mortgages

Nora Apsel, the founder and CEO of online mortgage broker Morty, has shed light on the company’s plans to “truly democratize” mortgages by providing "access to the right home-financing solution for anybody.” So reports Business Insider. Read more...

Ask The Expert: I'm New in My Market, How Should I Pursue Realtor Biz?

Mark wrote: "I'm a new LO here in the ultra-competitive southern CA market and I would like to know how I should pursue realtor business. Wouldn't they be reluctant to deal with someone new fearing that their deals will be too complicated or may even be canceled? Please respond. Thank you." Read more...

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