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Originating (1369)

What Will the Future of Underwriting Look Like?

What Will the Future of Underwriting Look Like?

Friday, 24 January 2020
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Imagine a future where mortgage origination happens in a matter of hours. Even though it might take some time, technology is rapidly progressing, and this future might be closer then you think. [caption id="attachment_14060" align="alignright" width="232"] J. Christian Olin, Vice President, Direct Lending, On Q Financial[/caption] Read more...
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Visa Buys Fintech Startup Plaid for $5.3B

Visa Buys Fintech Startup Plaid for $5.3B

Tuesday, 21 January 2020
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Visa has agreed to buy Plaid in a $5.3 billion deal, the companies have announced. The startup provides some of the financial plumbing for fintechs and has a mortgage industry presence. Read more...
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CFPB Sues Monster Loans for Abuse of Credit Reports

CFPB Sues Monster Loans for Abuse of Credit Reports

Sunday, 19 January 2020
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The Consumer Financial Protection Board (CFPB) has sued mortgage lender Monster Loans for allegedly obtaining consumer report information unlawfully and giving it to companies hawking debt relief for student loans, the agency has announced. Read more...
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Ex-Fannie Mae Sales Rep Sent to Jail Over Kickbacks

Ex-Fannie Mae Sales Rep Sent to Jail Over Kickbacks

Sunday, 19 January 2020
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A former Fannie Mae sales representative in Southern California has received a sentence of more than six years in prison for a property kickback scheme, according to federal prosecutors. So reports the Associated Press. Read more...
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Ask The Expert: What's Changes Are Coming to Licensing Requirements?

Ask The Expert: What's Changes Are Coming to Licensing Requirements?

Friday, 17 January 2020
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Betty from Texas asked the following question: "I heard that there are changes coming in licensing requirements. I am planning on hiring several originators in the coming months. Can you give me the scoop?" Read more...
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What Will YOU Do If Refinance Lending Falls By 24%?

What Will YOU Do If Refinance Lending Falls By 24%?

Wednesday, 15 January 2020
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According to the MBA industry forecast for 2020, refinance volume is projected to drop by 24% from last year. The MBA predicts that refinance volume will decline even further in 2021 and 2022 with a decrease of up to 29% from 2019. Read more...
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Fed Vice Chair Says Economy is in a 'Good Place'

Fed Vice Chair Says Economy is in a 'Good Place'

Thursday, 16 January 2020
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Federal Reserve Vice Chairman Richard Clarida said the U.S. economy is in a “good place,” during recent remarks. He also vouched for the central bank’s current stance on interest rates. So reports MarketWatch. Read more...
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Man Arrested for Mortgage Scam That Cost Woman Her Home

Man Arrested for Mortgage Scam That Cost Woman Her Home

Tuesday, 14 January 2020
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A Maryland man has been arrested for mortgage fraud that allegedly caused a Maryland woman to lose her home. So reports The Washington Post. Read more...
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Mortgage Broker Fined for Attacking Clients on Yelp

Mortgage Broker Fined for Attacking Clients on Yelp

Monday, 13 January 2020
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A California mortgage broker will have to pay up after allegedly posting sensitive information about his clients in retaliation for their negative reviews of his business on Yelp. So reports CBS News. Read more...
Rocket Mortgage Now NFL’s Official Mortgage Sponsor

Rocket Mortgage Now NFL’s Official Mortgage Sponsor

Monday, 13 January 2020
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Rocket Mortgage by Quicken Loans has announced that it has inked a multi-year deal to become the NFL’s official mortgage sponsor. So reports the Detroit Free Press. Read more...
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