Originating - The Mortgage Leader

Man Sentenced for Posing as Lawyer to Help With Mortgage Debt
A 61-year-old Newport Beach, Calif., man has received a four-year prison sentence for pretending to be an attorney and stealing from clients he promised to help with their mortgage payments, court documents show. So reports Patch.com.

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Originating (834)

Wealth Management Startup Finary Raises $2.7M in Funding

Monday, 24 May 2021

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Written by The Mortgage Leader

Finary, a Paris-based startup that lets users aggregate their savings, investments, mortgage, real estate assets and cryptocurrencies, has raised $2.7 million (€2.2 million) to fuel its expansion. So reports TechCrunch. Read more...

Former Live Well CEO Changes Lawyers, Gets Sentencing Break

Monday, 24 May 2021

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Written by The Mortgage Leader

Sentencing for Michael Hild, after his conviction in a massive scam that led to the collapse of his mortgage firm Live Well, has been delayed due to him recently switching lawyers. So reports Richmond (Va.)… Read more...

Two Arrested for Fraudulent $1.8B Property Deal

Monday, 24 May 2021

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Written by The Mortgage Leader

Federal authorities announced the arrest of two New York men for their roles in allegedly falsifying loan documents as part of a $1.8 billion multifamily housing purchase. Read more...

Bank of America’s Mortgage Fees Spark Racketeering Class Action

Friday, 14 May 2021

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Written by The Mortgage Leader

A proposed class action lawsuit accuses Bank of America of running a racketeering scam by jacking up mortgage fees with unnecessary property inspections. So reports Law360. Read more...

12 Indicted in $15M Mortgage Fraud and 'Green' Loan Scam

Friday, 14 May 2021

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Written by The Mortgage Leader

The California Attorney General’s Office has unveiled indictments against 12 people for their roles in an alleged mortgage fraud and “green” loan scheme. So reports the Los Angeles Daily News. Read more...

Mortgage Startup Better.com Goes Public Via $7.7B SPAC Deal

Friday, 14 May 2021

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Written by The Mortgage Leader

Startup mortgage lender Better.com has revealed that it is going public through a merger with the special purpose acquisition corporation Aurora Acquisition Corp. So reports TechCrunch. Read more...

Ask The Expert: Should I Be Freaked Out About Investor and Second Homes Changes?

Saturday, 08 May 2021

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Written by Dave Hershman

And Originator from South Carolina writes: "The new conforming changes regarding investor and second homes have me freaked out. I am in a resort area and am a broker. All of my lenders have changed… Read more...

Ask The Expert: How Do I Compete with Big Banks for Real Estate Agent Attention

Saturday, 08 May 2021

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Written by Dave Hershman

Jacob from Austin writes: "Several of my real estate agents have started to get leads from larger banks and credit unions. While they don’t like the service they receive from these organizations, they are obligated… Read more...

It's Time to Stop Selling and Become a Trusted Advisor

Saturday, 08 May 2021

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Written by Pat Sherlock

Every salesperson knows that transactional selling is no longer relevant in today’s marketplace. With unlimited access to information online, prospects and customers conduct research on their own and don’t need someone to explain product features… Read more...

How Different is Your Sales Pitch from Other Originators?

Saturday, 08 May 2021

Originating

Written by Pat Sherlock

Every originator knows that selling is not easy. Competition is intense with thousands of originators basically offering the same products. This is the mortgage landscape in 2021—a commodity business. Read more...