MLO, Ops Jobs; Broker, VOE, Servicing, MI Tools; Imminent Training and Virtual Events
Jan 25 2021, 8:15AM
There’s always “stuff” going on in residential lending, right? Capital markets folks have noticed that the big banks are re-entering buying jumbo loans from correspondents. BAML’s pass through channel, Wells Fargo, Redwood Trust, Chase, Citi remind us that banks and investors are cash rich and seeking to put assets on their books at the right price and LTV. Many lenders are concerned about retaining their Ops/fulfillment staff, and what they had to pay them in 2020 to keep the competition from stealing them away. Staffing and technology is critical. Our industry continues to work primarily from home, and IT staffs are ever vigilant about data security and consumer privacy while HR watches the health and safety of employees for those who have come back into the office. The pandemic has driven innovation, which will have long term economic consequences, including equity innovation as lenders go public. Before this, who knew what a SPAC was? Here’s a primer.) Congratulations to UWM’s ringing the bell Friday morning at the NYSE opening. With ticker symbol UWMC it joins others like GHLD, RKT, PennyMac, and many others involved in residential lending. Will Home Point Capital Inc., which aims to sell about 12 percent of the company in an IPO, be next?