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Digital Mortgage Platforms Raise Funds As COVID-19 Rocks Industry

Digital Mortgage Platforms Raise Funds As COVID-19 Rocks Industry

Sunday, 31 May 2020
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The coronavirus pandemic has jolted the mortgage industry, resulting in more remote deal-making. As such, firms that help with digital transactions are ramping up to do more. So reports Cheddar. Read more...
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Winning in a Period of 'Optimum Warning'

Winning in a Period of 'Optimum Warning'

Friday, 29 May 2020
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While lenders are super busy now, many in our industry are wondering what mortgage lending will look like after the pandemic is over. Will we return to “business as usual” or will the environment be completely different? I believe it will be the latter. Read more...
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Ask The Expert: How Do I Succeed in Today's Environment?

Ask The Expert: How Do I Succeed in Today's Environment?

Thursday, 28 May 2020
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Many loan officers have asked me recently about a similar issue: My lender has tightened restrictions, real estate sales have fallen, and rates are not as low as I expected them to be. I am worried about making a living even after the COVID-19 crisis is over. What will the post pandemic industry look like?… Read more...
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DJ Duo The Chainsmokers Lead Funding Round for LoanSnap

DJ Duo The Chainsmokers Lead Funding Round for LoanSnap

Tuesday, 26 May 2020
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LoanSnap, a startup using artificial intelligence to match borrowers with mortgages and other loans, has raised $9 million with help from DJ duo The Chainsmokers. So reports VentureBeat. Read more...
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Whistleblower Claims Systemic Mortgage Fraud is Back

Whistleblower Claims Systemic Mortgage Fraud is Back

Wednesday, 27 May 2020
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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...
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Mortgage Humor Returns to Late-Night TV

Mortgage Humor Returns to Late-Night TV

Monday, 25 May 2020
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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...
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Calabria Announces More Changes to Forbearance Program

Calabria Announces More Changes to Forbearance Program

Wednesday, 20 May 2020
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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...
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'Lone Wolves' Starve to Death

'Lone Wolves' Starve to Death

Thursday, 21 May 2020
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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...
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Ask The Expert: Marketing Within Your Pipeline

Ask The Expert: Marketing Within Your Pipeline

Friday, 22 May 2020
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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...
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Symend Raises $52M for Platform to Avoid Delinquencies

Symend Raises $52M for Platform to Avoid Delinquencies

Wednesday, 20 May 2020
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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...
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