Originating - The Mortgage Leader

Broker Gets Prison for $4.6M 'Short Sale' Mortgage Scam
A 66-year-old New Jersey real estate broker has been sentenced to 18 months in prison for participating in a $4.6 million “short-sale” mortgage scam, according to officials. So reports the local Daily Voice.

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Citigroup Bets On Digital Mortgage Tech to End Racial Disparity

Saturday, 01 May 2021

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Written by The Mortgage Leader

As part of a plan to close the racial wealth gap, Citigroup has announced that it plans to invest in digital mortgage technology. So reports Bloomberg. Read more...

Man Sentenced to Prison in $9M Mortgage Scam

Saturday, 01 May 2021

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Written by The Mortgage Leader

A federal judge has handed down a sentence of 18 months in prison to a man for his part in a $9 million mortgage scam. So reports the Las Vegas Review-Journal. Read more...

Are Your Originators Just Following the Herd?

Sunday, 25 April 2021

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Written by Chris Frankie

In mortgage banking, it is commonplace for originators to adopt the practices of successful producers. If one salesperson rises at 4:00 a.m., everyone else feels they must follow suit. If a top producer is active… Read more...

Mortgage Advisers Face Criminal Charges Across the Pond

Sunday, 25 April 2021

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Written by The Mortgage Leader

The U.K. Financial Conduct Authority has launched criminal fraud proceedings against a financial adviser and an accountant who allegedly filed fraudulent mortgage applications. So reports Professional Adviser. Read more...

Blend, a Digital Lending Platform, Files to Go Public

Sunday, 25 April 2021

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Written by The Mortgage Leader

Digital lending software provider Blend has unveiled plans for an initial public offering. The planned IPO, disclosed in a filing with the Securities and Exchange Commission, comes after Blend facilitated $1.4 trillion in loans last year,… Read more...

As Home Prices Soar, So Does Mortgage Fraud Risk: CoreLogic

Sunday, 25 April 2021

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Written by The Mortgage Leader

As U.S. housing prices have jumped, the risk of fraudulent mortgage applications for home purchases has climbed too, according to CoreLogic data. So reports Better Dwelling. Read more...

Steps for Developing a Company's Culture

Saturday, 17 April 2021

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Written by Dave Hershman

In a previous article we discussed the benefit of summarizing your company’s benefits in a short statement typically called a “USP” or Unique Selling Proposition. Integrating this into the company culture is quite something else.… Read more...

Are Your Sales Leaders Unable to Envision Change?

Saturday, 17 April 2021

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Written by Pat Sherlock

During a recent industry webinar, a discussion about reducing time to close a loan boiled down to a single question: What would it take to have a 3-day close? One attendee asked, “Can mortgage bankers… Read more...

Better.com Hauls in $500M Investment from SoftBank

Saturday, 17 April 2021

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Written by The Mortgage Leader

Better.com has seen its market value continue to rise following a $500 million investment by Japan’s SoftBank. So reports CNBC. Read more...

Short-Sale Mortgage Scheme Nets Two-Year Prison Sentence

Saturday, 17 April 2021

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Written by Chris Frankie

A man has been sentenced to two years in prison for bank fraud and conspiracy to commit bank fraud in connection with a real estate short-sale scheme, according to federal authorities. So reports local news… Read more...