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Crowdfunding Platform PeerStreet Goes Bust

Crowdfunding Platform PeerStreet Goes Bust

Sunday, 09 July 2023
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PeerStreet, a California-based real estate crowdfunding platform, has filed for bankruptcy. So reports FinTech Futures. Read more...
Guaranteed Rate Buys Rest of Mortgage Joint Venture Premia

Guaranteed Rate Buys Rest of Mortgage Joint Venture Premia

Sunday, 09 July 2023
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Guaranteed Rate has taken sole ownership of Premia Relocation Mortgage, formerly a joint venture with Sirva. So reports NEXT Mortgage News. Read more...
Wells Fargo Mortgage Sellers Claim Anti-Latino Bias

Wells Fargo Mortgage Sellers Claim Anti-Latino Bias

Sunday, 09 July 2023
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Past and present bilingual mortgage sales employees of Wells Fargo have sued the company alleging discrimination against Hispanic clients. So reports Bloomberg. Read more...
How to Set Effective Goals with Sales Personnel

How to Set Effective Goals with Sales Personnel

Sunday, 25 June 2023
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One objective of one-on-one coaching must be the setting of goals with loan officers. It is imperative that managers spend the time to help 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...
3 Keys to Better LO Retention and Satisfaction

3 Keys to Better LO Retention and Satisfaction

Sunday, 25 June 2023
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More mortgage industry professionals are living paycheck to paycheck, according to a May 2023 study conducted by payroll tech firm Everee. The 2023 Mortgage Industry Commission & Retention Report identified key insights about managers, LOs, processors, underwriters and other commission-based mortgage banking employees. Read more...
Figure Technologies Unveils Wholesale Lending Platform

Figure Technologies Unveils Wholesale Lending Platform

Sunday, 25 June 2023
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Figure Technologies has introduced a wholesale lending platform that allows mortgage brokers to access the company’s technology for home-equity lines of credit. So reports Home Equity Lending News. Read more...
Should Mortgage Offices Be Full Again? There’s No Single Answer

Should Mortgage Offices Be Full Again? There’s No Single Answer

Sunday, 25 June 2023
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Whether mortgage professionals ought to return to work in person depends on the specifics of their roles and their businesses, according to workplace experts. So reports The Mortgage Note. Read more...
LO Got NFL Tickets, Car in $12.4M Fraud Scheme: Feds

LO Got NFL Tickets, Car in $12.4M Fraud Scheme: Feds

Sunday, 25 June 2023
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A mortgage loan officer received Kansas City Chiefs playoff tickets and a Chevrolet Tahoe in return for enabling a Missouri businessman’s $12.4 million COVID-19 fraud scheme, according to federal prosecutors. So reports the Omaha World-Herald. Read more...
Housing Affordability Crisis Hits These Buyers Hardest

Housing Affordability Crisis Hits These Buyers Hardest

Monday, 19 June 2023
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To be sure, the housing affordability crunch has hit potential homebuyers nationwide. However, a new joint report from the National Association of Realtors (NAR) and Realtor.com reveals that one particular group has been impacted more than any other: middle-income buyers. Read more...
Ask The Expert: Do I Have to Turn to Planners When Seeking Alternative Biz Sources?

Ask The Expert: Do I Have to Turn to Planners When Seeking Alternative Biz Sources?

Monday, 19 June 2023
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Doug from Boston wrote in: "Dave, I read your advice about alternative business sources, and I really appreciate your thoughts on this topic. I have been focused in this area as well. However, I don’t agree with your example of working with financial planners. I don’t believe in financial planners because they are just usually… Read more...

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