Originating

Originating (1369)

Ellie Mae to be Acquired By Thoma Bravo for $3.7B

Ellie Mae has entered into a definitive agreement to be acquired by Thoma Bravo LLC, a private equity investment firm, in a cash transaction that values Ellie Mae at around $3.7 billion. Under the terms of the agreement, Ellie Mae shareholders will receive $99.00 in cash per share. The price per share represents a 47… Read more...

Three Habits of Successful Lead Generators

By Pat Sherlock As everyone in the mortgage banking industry knows, loan origination is a hard job. The emotional roller coaster that originators go through on a daily basis is not for the faint of heart. Today, in our more difficult marketplace, this is especially true. [adbutler zone_id="326325"] [adbutler zone_id="326327"] [caption id="attachment_9789" align="alignleft" width="290"] Pat… Read more...

Marketing Plans Use the 'Sphere' As Their Foundation

The term “sphere” might be the most overused term in sales and marketing literature. For some, the sphere is represented by one’s immediate friends, but for others it is someone’s previous customers. A sphere is a compendium of someone’s life, and includes their background, contacts, experiences, interests and more. In reality, your sphere includes these… Read more...

Twitter Making it Easier For Originators to Sharpen Their Marketing Messages

[caption id="attachment_9831" align="alignleft" width="291"] Rick Grant[/caption] By Rick Grant When I started tweeting, there weren’t a great many serious mortgage industry professionals on the platform. What could an originator say of any importance using only 140 characters? It turns out, quite a lot. Today, there are thousands of originators using Twitter to get attention, share… Read more...

American Financial Automates Management of Commissions

American Financial Network Inc. has migrated to an automated platform to manage and track commissions for loan officers. Until now, the staff accountant manually calculated and tracked commissions using a spreadsheet. Loan originators couldn’t track their commissions until they received their checks. American Financial implemented CompenSafe from LBA Ware to increase efficiency and provide loan… Read more...

The Answer to 'What Have You Done for Me Lately'

By Patricia Sherlock Originators know that their database of closed transactions and referral sources represent a gold mine for future business. Obviously, people with whom you have already done business are easier to sell to than prospects you don’t know. This is not news. In fact, I would argue that originators who have the largest… Read more...

USA Mortgage-Jane Deal Predicted to Slash Time Spent Chasing Data

USA Mortgage outfitted its mortgage originators with an intelligent chatbot that provides instant, mobile access to critical loan information. The lender deployed artificial Jane.ai, an artificial chatbot, through which originators can gain access to the data and documents they need to originate mortgages. Improved originator efficiency and reduction in time can reduce processing costs and… Read more...

LendKey Originated Over $2.6B in '18, America First Signs On

LendKey, a lending platform that offers home equity loans and other products, has originated over $2.6 billion in loans in 2018 working with lenders. LendKey's turnkey solution provides banks and credit unions with a state-of-the-art platform to offer digital loans. "Reaching the $2.6 billion milestone is a validation of LendKey's position as a trusted partner… Read more...

Practical Recruitment Tips for Managers

Ask the Expert: Dave Hershman Focus on Management: Practical Recruitment Tips for Managers [caption id="attachment_9654" align="alignright" width="268"] Dave Hershman[/caption] Q: It has become increasing difficult to fill loan originator positions with experienced hires who easily acclimate themselves to the office. I am thinking about bringing new people into the industry and going after those who… Read more...

Angel Oak Originated $2.2B of Non-Qualified Mortgages

Angel Oak has increased its originations of non-qualified mortgages to $2.2 billion in 2018, from $1.1 billion in 2017, increased headcount by 53 percent to 648 people, and completed four mortgage securitizations totaling $1.1 billion. “In 2018, our lending units saw a distinct rise in the popularity and use of non-QM products as more creditworthy… Read more...

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