Originating - The Mortgage Leader

The Future of Mortgage Origination: Embracing Automation for Efficiency
Explore how automation is revolutionizing mortgage origination, increasing efficiency, and redefining loan processing in the mortgage industry.

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Originating (1418)

The Case for Changing How We Measure LO Performance

Sunday, 03 April 2022

Originating

Written by The Mortgage Leader

In a more difficult mortgage market, it seems that old, potentially disastrous strategies are surfacing once again. With the decline of refinance lending, lenders are loosening underwriting conditions, relaxing credit guidelines and adding higher-risk credit products. It seems that every day, I’m receiving ads for 100% lending in my inbox. I am also seeing lenders… Read more...

Ally Home Pushes Digital Mortgage Service Into Three More States

Saturday, 02 April 2022

Originating

Written by The Mortgage Leader

Ally Bank’s residential mortgage arm, Ally Home, has expanded its digital-only platform into Massachusetts, Vermont and Virginia. Read more...

Broker Charged with Pocketing Advances on Scam Mortgages

Saturday, 02 April 2022

Originating

Written by The Mortgage Leader

A Florida loan broker has been arrested for allegedly collecting advance fees on a pledge to secure mortgage loans that never materialized. So reports The Business Observer. Read more...

Wells Fargo Scores Early Win in Mortgage Discrimination Lawsuit

Saturday, 02 April 2022

Originating

Written by The Mortgage Leader

A judge has granted Wells Fargo’s request to dismiss a lawsuit that claims the bank discriminated against minority mortgage borrowers during the run-up to the 2008 financial crisis. So reports Bloomberg. Read more...

'Paypal for Mortgage' Tomo Raises $40M to Speed Homebuying

Friday, 25 March 2022

Originating

Written by The Mortgage Leader

Tomo, a fintech startup that plans to be a “PayPal for the mortgage industry” has announced $40 million in Series A funding. So reports GeekWire. Read more...

Mortgage Bank Profits Tumbled in Q4: MBA

Friday, 25 March 2022

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Written by The Mortgage Leader

Mortgage banks saw their profitability per loan tumble in the fourth quarter of 2021 to the slimmest gain since a year before the pandemic hit. That’s according to a new report from the Mortgage Bankers Association. Read more...

Mortgage Lenders View Blockchain Warily: Survey

Friday, 25 March 2022

Originating

Written by The Mortgage Leader

Despite blockchain’s growing presence in the financial services sector, most mortgage lenders still aren’t familiar with the technology that powers cryptocurrencies like Bitcoin. That’s according to a new survey by Fannie Mae. Read more...

Why Prospecting is the Most Important Job for LOs!

Friday, 25 March 2022

Originating

Written by Chris Frankie

There’s a common truth in selling that a salesperson’s job is to deliver the right message to the right people at the right time. Over the years, countless sales trainers have tackled this topic in sales training sessions, blogs and podcasts. Read more...

Podcast: Understanding Diversified Portfolio in Real Estate Investing with Lane Kawaoka

Friday, 18 March 2022

Originating

Written by The Mortgage Leader

There will come a time when you need to give up everything you’ve been doing to shift your attention, time, and energy into something much better. In the real estate industry, you need to learn how to start building your own portfolio. Read more...