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Mortgage Originations Hit Record in Q2: Black Knight

Mortgage Originations Hit Record in Q2: Black Knight

Friday, 11 September 2020
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Quarterly origination was the highest on record in the second quarter of this year, with almost $1.1 trillion in first lien mortgages originated during the three-month period, according to Black Knight. So reports TheStreet. Read more...
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Mr. Cooper Goes on Big Hiring Spree

Mr. Cooper Goes on Big Hiring Spree

Saturday, 05 September 2020
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Mr. Cooper Group has unveiled plans to add 2,000 new remote positions by year-end. So report Marketwatch and The Dallas Morning News. Read more...
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Small Business Loan Scrutiny Falls on Rocket Loans

Small Business Loan Scrutiny Falls on Rocket Loans

Saturday, 05 September 2020
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Rocket Loans has come under the microscope after the Rocket Cos. unit did work for a consulting firm that garnered almost $800 million in fees for the job from the Small Business Administration. So reports Dow Jones Newswires. Read more...
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Ex-Taylor Bean Boss Can’t Overturn Fraud Conviction: Court

Ex-Taylor Bean Boss Can’t Overturn Fraud Conviction: Court

Wednesday, 09 September 2020
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In the latest aftershock from the 2008 financial crisis, former Taylor, Bean & Whitaker chairman Lee Farkas’ bid to have his fraud conviction overturned was denied by a federal appeals court. That’s according to multiple reports. Read more...
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Ask The Expert: Are Appraisals Coming in Low?

Ask The Expert: Are Appraisals Coming in Low?

Thursday, 10 September 2020
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Sam from Washington wrote to me, saying "I just had a refinance blow up because the appraisal came in low. This was a surprise and I was counting on this closing this month and now I am not sure it will happen at all. Are you hearing about a lot of appraisals coming in low? Read more...
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Our Mortgage Sales Superstars Are Not Who You Think They Are!

Our Mortgage Sales Superstars Are Not Who You Think They Are!

Friday, 11 September 2020
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Stratmor recently reported that 84% of the purchase money volume originated last year was generated by producers with less than five years in the mortgage business. When I shared this fact with senior executives, the majority were surprised. Only a handful of managers noticed a similar trend at their companies. This raises the question, if… Read more...
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How to Set Goals with Sales Personnel

How to Set Goals with Sales Personnel

Friday, 28 August 2020
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One objective of one-on-one coaching must be setting goals with our loan officers. It is imperative to spend the time to help our sales personnel set goals for their business plans. If there is no agreement as far as the goals, there will not be a basis for performance reviews in the future. Read more...
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What Every Manager Should Be Asking Employees During the Pandemic

What Every Manager Should Be Asking Employees During the Pandemic

Thursday, 27 August 2020
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Before the Covid-19 virus swept through the country, industries were already facing unprecedented challenges from technological innovation to dramatic shifts in consumer buying behavior. But amid this global pandemic, selling has never been more difficult. Read more...
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Online Mortgage Broker Habito Closes $46M Funding Round

Online Mortgage Broker Habito Closes $46M Funding Round

Wednesday, 26 August 2020
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Haibto, a London-based digital mortgage broker, has announced a £35 million (about $46 million) Series C investment. So reports TechCrunch. Read more...
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Mortgage Pro, Stepson Sent to Prison Over Massive Bank Fraud

Mortgage Pro, Stepson Sent to Prison Over Massive Bank Fraud

Sunday, 23 August 2020
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A mortgage industry professional and her stepson have each received federal prison sentences for allegedly defrauding a California bank to the tune of more than $6 million. So reports the Houston Chronicle. Read more...
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