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Woman Ordered to Pay $1M Over Loan Fraud Scheme

Woman Ordered to Pay $1M Over Loan Fraud Scheme

Monday, 19 June 2023
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A Tennessee federal court judge has sentenced a woman to more than 10 years in prison and a nearly $1 million repayment after pleading guilty to bank fraud and conspiracy to commit money laundering. So reports local ABC affiliate WATE. Read more...
Better.com Exits Real Estate Business

Better.com Exits Real Estate Business

Monday, 19 June 2023
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Better.com, the digital mortgage lender, has laid off its real estate team and shuttered the related business. So reports TechCrunch. Read more...
5 Keys to Finding More Business Now

5 Keys to Finding More Business Now

Wednesday, 14 June 2023
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As we approach the mid-point of 2023, if you’re still in the mortgage lending business, you’re one of the industry’s professionals. The folks who were just passing through to cash-in on the easy refinance business have moved on. Read more...
Can Home Equity Lending Products Ease Market Gridlock?

Can Home Equity Lending Products Ease Market Gridlock?

Saturday, 10 June 2023
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Rising interest rates, limited inventory and the housing affordability crunch have made origination tougher in 2023. But, some lenders and LOs are finding relief from marketplace gridlock by offering home equity lending products, a customer-centric move that can pay off in the long run. Read more...
Business Services Startup Instabase Launches AI Hub

Business Services Startup Instabase Launches AI Hub

Friday, 09 June 2023
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Instabase, a startup that helps businesses automate their processes by making sense of unstructured data, has introduced AI Hub, a library of AI apps. So reports VentureBeat. Read more...
Roofing Exec’s Mortgage Fraud Conviction Upheld on Appeal

Roofing Exec’s Mortgage Fraud Conviction Upheld on Appeal

Friday, 09 June 2023
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The head of a Florida roofing company’s appeal of his sentence for mortgage fraud and conviction for COVID-19 relief fraud has been rejected by a federal appeals court. So reports the Naples (Fla.) Daily News. Read more...
Sprout Mortgage Inks $3.5M Settlement Over Unpaid Wages

Sprout Mortgage Inks $3.5M Settlement Over Unpaid Wages

Friday, 09 June 2023
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Sprout Mortgage has agreed to pay $3.5 million to various lawsuits by former employees who accuse the now-shuttered non-QM lender of skipping out on their final paychecks, severance and health care coverage. So reports NEXT Mortgage News. Read more...
Ask The Expert: Where Should I Look for Alternative Sources of Business?

Ask The Expert: Where Should I Look for Alternative Sources of Business?

Sunday, 04 June 2023
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Bert from Missouri wrote in: "I am looking for alternative sources of business aside from my referrals from previous customers and real estate agents. Where do you think I should start?"  Read more...
Get Back to Basics to Drive Better Sales Results

Get Back to Basics to Drive Better Sales Results

Sunday, 04 June 2023
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As loan officers scramble to hit production goals in this challenging market, many lenders are searching for answers in all the wrong places. While adopting new technology or holding a big sales rally might seem like the logical next step, these options are not enough to generate loan demand long-term. Read more...
JPMorgan Lays Off 1,000 First Republic Employees

JPMorgan Lays Off 1,000 First Republic Employees

Sunday, 04 June 2023
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After buying collapsed bank First Republic, JPMorgan Chase has begun laying off 15% of its workforce, or about 1,000 people. So reports BBC News. Read more...

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