Originating

Originating (857)

Better.com CEO Battles Claims of Fraud, Harsh Workplace

Mortgage-origination startup Better.com’s CEO, Vishal Garg, is fighting multiple lawsuits that accuse him of fraud and mismanagement. So reports Forbes.com. Read more...

Freddie Mac to Use Fintech 'Zest AI' to Assess Default Risk

Fintech company Zest AI has announced that it is partnering with Freddie Mac. So reports Forbes.com. Read more...

Broker Gets Five Years in Prison for $32M Mortgage Fraud

A Boulder, Colo., mortgage broker has received a federal prison sentence of five years for orchestrating a scam that ripped off a bank to the tune of almost $32 million in bogus residential mortgage loans. So reports CBS Denver. Read more...

Ask The Expert: Why Can't We Get Better Predictions? 

Several loan officers have written me and asked a question like this: I understand why no one could have predicted the pandemic. However, it seems to me that we should have geared up for lower rates as soon as it happened. Why did it seem like these record low rates and the increase in business… Read more...

What Mortgage Originators Can Learn From Chess

In my training classes for originators, I often compare selling to sports to help students understand key concepts. The analogy works because students can easily relate to the similarities—the competition, the emotional highs and lows, and the identification of clear winners and losers at the end of a game. While all of this is true,… Read more...

James B. Nutter & Co. Faces DOJ Fraud Lawsuit

The Department of Justice has hit James B. Nutter & Co. with a civil lawsuit claiming improprieties in the Kansas City home lender’s reverse mortgage business. So reports the Kansas City Star. Read more...

Better.com Eyes IPO Worth More Than $4B

Better.com is working with Morgan Stanley and Bank of America on plans for an initial public offering that could happen as early as January, according to sources familiar with the situation. So reports Bloomberg. Read more...

Rocket CEO Credits Tech Spend for Record Q3 Volume

Rocket Companies CEO Jay Farner has said that the mortgage lender’s record third-quarter loan volume is thanks to investments it made in technology. So reports CNBC. Read more...

Lender Price Adds Quontic Bank to Digital Mortgage Marketplace

Lender Price, which offers mortgage loan pricing and origination technology, has introduced multi-channel digital lender Quontic Bank to its Lender Price Marketplace. Read more...

'Mortgage Recovery' Tax Fraudster Gets 6.5 Years in Prison

The leader of a $2.5 million “mortgage recovery” tax scheme must serve six and a half years in federal prison, a judge has ordered. So reports the Atlantic City, N.J., Daily Voice. Read more...

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