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Guaranteed Rate Buys Rest of Mortgage Joint Venture Premia

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

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

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

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 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

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

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

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?

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...

How Diversity and Inclusion Can Lead to Mortgage Biz Success

Leaders from Bank of America, Fannie Mae, Brace, and Arrive Home have detailed how diversity & inclusion (D&I) or diversity, equity, and inclusion (DEI) can help drive success in the mortgage industry. So reports TheMReport. Read more...

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