Originating

Originating (1380)

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...

Home Sellers Booked $61K Profits in 2018

Home sellers booked a profit of $61,000 on average from the sale of their homes in 2018, up from $50,000 in the prior year. The gain was $39,500 in 2016, the highest level since 2006. The 2018 performance represented an average 32.6 percent return on investment compared to the original purchase price, up from 27.0… Read more...

Five Most Affordable Housing Markets for Millennials

St. Louis was the most affordable home buying city for millennials as of year-end 2018. In St. Louis, more than 88 percent of homes for sale are affordable on a $68,805 annual salary, the median household income for a millennial in the area, according to a report from Redfin. The majority of the remaining most… Read more...

A Strategy for Making Time Count

By Dave Hershman There is no doubt that time is a business person’s most precious resource. In fact, time is everyone’s most precious resource. [caption id="attachment_9654" align="alignleft" width="268"] Dave Hershman[/caption] We never realize how precious time is until we run out of it. George Burns lived a 100 years, yet he never had time for… Read more...

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