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Upscale Restaurateur Admits Serving Bad Mortgage Docs

Upscale Restaurateur Admits Serving Bad Mortgage Docs

Thursday, 19 March 2020
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The former owner and operator of a restaurant known for fine French food has pleaded guilty to one count of wire fraud over a multi-year scam affecting the business’ customers, lenders, mortgagee and bankruptcy creditors. So reports the Somers, N.Y. Daily Voice. Read more...
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Real Estate Startup Orchard Adds Home Search Features

Real Estate Startup Orchard Adds Home Search Features

Friday, 20 March 2020
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Orchard, a real estate startup that plans to launch mortgage services soon, is bearing fruit in the form of new functionality for its home search portal. So reports TechCrunch. Read more...
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Figure Technologies, Run by Ex-SoFi CEO, Sees Surge Post-Fed Cut

Figure Technologies, Run by Ex-SoFi CEO, Sees Surge Post-Fed Cut

Tuesday, 17 March 2020
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Blockchain mortgage lender Figure Technologies has announced a 300% surge in loan applications since the Federal Reserve’s recent emergency rate cut, bringing its total in funded loans to more than $1 billion. So reports TheBlockCrypto. Read more...
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Bill Bodnar of MMG: Navigating Muddy Waters

Bill Bodnar of MMG: Navigating Muddy Waters

Saturday, 07 March 2020
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[vc_row][vc_column][vc_column_text]Bill Bodnar of the Mortgage Market Guide discusses the impact of the coronavirus, money feeling into safe havens, an amazing jobs report, The Fed’s unexpected cut and a nearly certain upcoming cut, and, of course, a crazy week of market volatility. With all that going on, he said its important to remind clients that while… Read more...
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Does Your Sales Group Only Encourage 'Unicorn' Feedback?

Does Your Sales Group Only Encourage 'Unicorn' Feedback?

Thursday, 12 March 2020
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In recent conversations with mortgage sales managers, many lamented that senior managers at their companies don’t want to hear the truth about potential issues. According to the sales managers I spoke with, senior executives only want to hear how wonderful everything is and that nothing needs to be improved. Read more...
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Cloud-Based Fintech Thought Machine Raises $83M

Cloud-Based Fintech Thought Machine Raises $83M

Friday, 13 March 2020
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Thought Machine, a startup offering a cloud-based consumer banking platform, has raised $83 million in Series B funding. So reports TechCrunch. Read more...
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Lawyer for Live Well CEO Touts 'David Vs. Goliath' Case

Lawyer for Live Well CEO Touts 'David Vs. Goliath' Case

Wednesday, 11 March 2020
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Ben Dusing, the Kentucky-based attorney for Michael Hild, the former Live Well Financial CEO accused of a $140 million bond fraud scam, is billing the case as “David versus Goliath.” He says of himself: “There are advantages to being an outsider.” So reports WCPO, a local affiliate of ABC. Read more...
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All 5 Suspects Guilty in $38M Mortgage Fraud Conspiracy

All 5 Suspects Guilty in $38M Mortgage Fraud Conspiracy

Tuesday, 10 March 2020
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Each of the five suspects in a mid-Atlantic mortgage fraud conspiracy that spanned four years and bilked lenders out of $38 million have either been convicted or pleaded guilty. So reports The Journal News. Read more...
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Does a 'Dumb Money' Strategy Make Sense in Selling?

Does a 'Dumb Money' Strategy Make Sense in Selling?

Wednesday, 04 March 2020
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In financial investing, there is a debate that has gone on for years: Can a non-expert or someone who randomly throws darts at a list of financial stocks make better stock picks than a professional money manager? Read more...
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Ask the Expert: I Am Losing Deals. Should I Move to a Company that is More Competitive?

Ask the Expert: I Am Losing Deals. Should I Move to a Company that is More Competitive?

Friday, 06 March 2020
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Robyn from Oklahoma asks: Rates are down and I am getting a lot of calls from previous clients that want to refinance. Unfortunately, the market seems to be very competitive and I am losing deals to other loan officers. Should I move to a company that is more competitive? Read more...
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