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Layoffs Loom for Mortgage Firms as Volume Falls

Layoffs Loom for Mortgage Firms as Volume Falls

Sunday, 27 February 2022
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Mortgage lenders will likely lay off thousands in the months ahead after going on a hiring spree the past two years, according to industry observers. So reports Bloomberg. Read more...
Why Borrowers Don't Give LOs Repeat Business

Why Borrowers Don't Give LOs Repeat Business

Friday, 18 February 2022
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Mortgage sales professionals know that capturing repeat and referral business from previous customers is essential for long-term success. When selling to former borrowers, the cost of acquisition is much lower than marketing to attract new customers. So, what does it take to keep customers coming back and referring their family and friends? Read more...
Utah Proptech Homie Lays Off One-Third of Its Staff

Utah Proptech Homie Lays Off One-Third of Its Staff

Friday, 18 February 2022
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Homie, a Utah-based real estate technology company, has terminated one third of its employees. So reports TechCrunch. Read more...
Rate Locks Rise for First Time in Four Months: Black Knight

Rate Locks Rise for First Time in Four Months: Black Knight

Friday, 18 February 2022
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Mortgage rate-lock activity increased in January for the first time in four months, according to Black Knight.  Read more...
Remote Mortgage Originations Here to Stay in Pennsylvania

Remote Mortgage Originations Here to Stay in Pennsylvania

Friday, 18 February 2022
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Pennsylvania has made permanent an emergency order issued by Governor Tom Wolf during the early stages of the COVID-19 pandemic that allows brokers to originate mortgages remotely. So reports the Pittsburgh Tribune-Review. Read more...
Fannie Mae Reaches $53M Settlement Over Discrimination Claims

Fannie Mae Reaches $53M Settlement Over Discrimination Claims

Friday, 11 February 2022
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Fannie Mae has agreed to pay $53 million to settle allegations by the National Fair Housing Alliance and 19 local housing groups that the mortgage finance giant discriminated against communities of color after the 2008 financial crisis. So reports the Cleveland Scene. Read more...
BofA Director's Family Feud Hints at Potential Mortgage Fraud

BofA Director's Family Feud Hints at Potential Mortgage Fraud

Friday, 11 February 2022
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A family dispute swirling around a Bank of America board director has dredged up indications of possible mortgage fraud committed against JPMorgan Chase and Morgan Stanley. So reports Financial Planning. Read more...
Constellation Mortgage Solutions Acquires ReverseVision

Constellation Mortgage Solutions Acquires ReverseVision

Friday, 11 February 2022
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Constellation Mortgage Solutions, a portfolio of financial technology solutions in the mortgage space, says it has acquired ReverseVision, a provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales origination software. Read more...
Better.com Exodus Continues After CEO Vishal Garg’s Return

Better.com Exodus Continues After CEO Vishal Garg’s Return

Friday, 04 February 2022
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Better.com has lost more executives in the wake of CEO Vishal Garg firing 900 employees over Zoom, taking a break, and returning to the office. So reports TechCrunch. Read more...
Mortgage Scam Sends Tampa Paralegal to Federal Prison

Mortgage Scam Sends Tampa Paralegal to Federal Prison

Friday, 04 February 2022
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Conspiring to commit bankruptcy fraud in an effort to defraud mortgage companies and homeowners has landed a Tampa paralegal in federal prison for 15 months. So reports the Business Observer. Read more...

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