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Landlord Admits to $150M Fraud Scheme

Landlord Admits to $150M Fraud Scheme

Friday, 26 March 2021
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The owner of 70 multi-family properties has pleaded guilty to running what federal prosecutors described as a $150 million bank and securities scam lasting 10 years. So reports the Teaneck, N.J. Daily Voice. Read more...
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Three Real Estate Pros, Others Plead Guilty in Mortgage Scam

Three Real Estate Pros, Others Plead Guilty in Mortgage Scam

Friday, 26 March 2021
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Eleven people, including three real estate agents, have pleaded guilty to a multi-year mortgage fraud scheme. So reports the Atlanta Agent. Read more...
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Your Unique Selling Proposition is Key to Converting Candidates

Your Unique Selling Proposition is Key to Converting Candidates

Tuesday, 23 March 2021
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It makes sense that, in order to attract candidates, you really have to answer the all important question: Why should I come to work for your company? With all the other choices out there, what makes your company unique? Read more...
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Lenders’ Biggest Dilemma: Invest in Training Or Be Replaced

Lenders’ Biggest Dilemma: Invest in Training Or Be Replaced

Wednesday, 24 March 2021
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In the last few weeks, nearly every conversation I’ve had with senior mortgage executives has centered on one of two issues: finding sales and processor talent, and delivering an excellent customer experience throughout the loan process. Read more...
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Black Knight Buys Cloud-Based Mortgage Broker LOS from NexSpring

Black Knight Buys Cloud-Based Mortgage Broker LOS from NexSpring

Thursday, 18 March 2021
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Black Knight has acquired a cloud-based loan origination system (LOS) from NexSpring Financial to broaden its ability to serve mortgage brokers, the company announced. The new digital lending platform will be a key part of the company’s ecosystem. Read more...
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Rocket Mortgage Renames Michigan State Basketball Team

Rocket Mortgage Renames Michigan State Basketball Team

Thursday, 18 March 2021
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Rocket Mortgage has announced a five-year sponsorship deal with the Michigan State University men’s basketball team, which will result in a longer name for the Big Ten squad. So reports The Detroit News. Read more...
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PHH Mortgage Escapes Part of Loan Payoffs Class Action

PHH Mortgage Escapes Part of Loan Payoffs Class Action

Thursday, 18 March 2021
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PHH Mortgage, a non-bank mortgage service and originator, doesn’t have to face a portion of a proposed class action about its accounting for insurance proceeds in loan payoff statements, a federal judge has ruled. That’s according to court documents, and as Law360.com reports. Read more...
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Florida Developer Owes $26M In Sprawling Fraud Scheme

Florida Developer Owes $26M In Sprawling Fraud Scheme

Thursday, 18 March 2021
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A judge has ordered South Florida developer Joseph Walsh Sr. to pay $26 million in connection with a 60-unit Royal Palm Beach office condominium. So reports The Real Deal. Read more...
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Ask The Expert: More Strategies to Generate Referrals

Ask The Expert: More Strategies to Generate Referrals

Monday, 15 March 2021
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In my last column, I answered a question from a "Struggling Loan Officer." Here are some more thoughts on the topic. Read more...
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Are Your Originators Ready for a Purchase Money Market?

Are Your Originators Ready for a Purchase Money Market?

Monday, 15 March 2021
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While mortgage rates are still historically low, many lenders were caught off guard when rates recently rose. They thought that interest rates wouldn’t increase until later in the year. Read more...
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