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Originating (1369)

Whistleblower Claims Systemic Mortgage Fraud is Back

Systematic mortgage fraud similar to the kind that led to the 2008 financial crisis has reemerged on Wall Street, according to a whistleblower complaint submitted to the SEC. So reports ProPublica. Read more...

Mortgage Humor Returns to Late-Night TV

While not necessarily ready for prime time, a joke about reverse mortgages has made its way into a late-night TV host’s remarks. So reports Reverse Mortgage Daily. Read more...

Calabria Announces More Changes to Forbearance Program

In the first of a series of remote events put on by the Mortgage Bankers Association, FHFA Director Mark Calabria announced new guidance on borrowers in forbearance. Read more...

'Lone Wolves' Starve to Death

A mortgage banking executive recently asked me what distinguishes more successful managers from their peers. This was easy to answer. In my experience, managers who get promoted to the highest levels surround themselves with their own personal “board of directors” who help them achieve their goals. Read more...

Ask The Expert: Marketing Within Your Pipeline

Last week, I had answered a question I received from several loan officers about finding time to do marketing. This is Part II of my response. Read more...

Symend Raises $52M for Platform to Avoid Delinquencies

Symend has announced a $52 million funding round. The fintech startup provides platforms for businesses to identify customers who might miss payments and then provide them with options to avoid doing so. So reports TechCrunch. Read more...

PGA Officially Bars Fans From Rocket Mortgage Classic

The PGA Tour has confirmed that only essential personnel will be allowed at Detroit’s Rocket Mortgage Classic. So reports Shoreline Media Group. Read more...

Ex-Trump Aide Manafort Gets Prison Release Due to COVID-19

Former Trump campaign chairman Paul Manafort, who is serving a federal sentence for charges relating to tax and mortgage fraud, has been released from prison due to coronavirus worries, according to his lawyer. So reports the Associated Press. Read more...

Ask The Expert: How Can I Market When I Have a Full Pipeline?

Several loan officers have written to me and said: My pipeline is the largest it has been in a year. I thought it would be easy to get things closed, but it seems like everything is backed up--from appraisers to underwriters. I feel like I am drowning and can't market. Please help! Read more...

Can You Give Prospects 50 Reasons to Buy from You?

In my sales training programs, one of the most important exercises I use is “50 Reasons Why People Should Buy from You.” Read more...

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