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Answering The Magic Question

Answering The Magic Question

Saturday, 11 September 2021
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I really find it amusing to find managers complaining that they can’t hire loan officers because they get stuck focusing on the “magic” question. What is this magic question? Here it is… Read more...
When Does a Training Investment Make Sense?

When Does a Training Investment Make Sense?

Saturday, 11 September 2021
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I often hear from managers asking about training their underperforming originators. With the marketplace shift to purchase money, leadership teams have put underperformers on their radar as they try to address lower volume. When the market was hot last year, underperformers were there but overlooked because refi volume was off-the-charts. Now, with a less robust… Read more...
Mortgage Broker Cops to Theft of $5M in Refinancing Loans

Mortgage Broker Cops to Theft of $5M in Refinancing Loans

Friday, 10 September 2021
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A mortgage broker has pleaded guilty to stealing almost $5 million in refinancing loans so he could buy watches and jewelry. So reports MarketWatch. Read more...
Altisource Explores Lenders One Sale: Report

Altisource Explores Lenders One Sale: Report

Friday, 10 September 2021
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Altisource Portfolio Solutions has tapped Guggenheim Partners for a possible sale of its Lenders One originations business. So reports Bloomberg News. Read more...
Podcast: West Prez Marty Frame Weighs In On Mortgage Digitization

Podcast: West Prez Marty Frame Weighs In On Mortgage Digitization

Friday, 10 September 2021
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Marty Frame, president of West, a Williston company, has discussed the status of the industry-wide push to digitize the mortgage lending process. Hear her perspective by listening to the recent episode of the Fintech Hunting podcast. Read more...
Mortgage Sales Isn't Like 'Field of Dreams'

Mortgage Sales Isn't Like 'Field of Dreams'

Thursday, 02 September 2021
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The famous line from the movie Field of Dreams, “If you build it, he will come,” is often quoted in the business world to imply that attracting customers is simply a matter of creating a great product or service and bringing it into the marketplace. However, smart sales professionals understand that having a worthy product… Read more...
Ask The Expert: More Thoughts on Success When Joining a Small Real Estate Office

Ask The Expert: More Thoughts on Success When Joining a Small Real Estate Office

Thursday, 02 September 2021
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Thomas from Chicago previously wrote to me: "I am considering going with a lender that is owned by a real estate company. They would put me in one of their real estate offices and I would serve those agents. My concern is that the office is pretty small and I would not be able to… Read more...
Mortgage Fraudster Tells Her Side on VH1’s 'My True Crime Story'

Mortgage Fraudster Tells Her Side on VH1’s 'My True Crime Story'

Thursday, 02 September 2021
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Jamila Davis, who spent nine years in prison following a 2008 sentence for mortgage fraud, shares how it happened in a recent episode of VH1’s “My True Crime Story.” So reports Distractify. Read more...
Podcast: Why Mortgage LOs and Brokers Still Need a Website

Podcast: Why Mortgage LOs and Brokers Still Need a Website

Thursday, 02 September 2021
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Rocky Foroutan, founder of LenderHomePage.com, which builds turnkey websites for mortgage brokers and loan officers, hasn’t lost faith in the value of websites to the industry. Read more...
Tech Startup Home Lending Pal Lands $2M in Funding

Tech Startup Home Lending Pal Lands $2M in Funding

Thursday, 02 September 2021
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Home Lending Pal, an Orlando, Fla.-based technology startup aimed at eliminating bias from the mortgage process, has secured $2.2 million to sustain its momentum. So reports the Orlando Business Journal. Read more...

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