“A fine is a tax for doing wrong. A tax is a fine for doing well.” Lenders sometimes grapple with the former, always deal with the latter. In my travels around the nation visiting with residential lenders, what else has their attention? Loan officer recruitment, the area with fabled signing bonuses over the last year or so, is heating up. After two great years and a reduction in pipelines, some MLOs are searching for new homes or at least taking phone calls from recruiters, testing their worth in the open marketplace. Home equity lending is surging. This is an advantage that banks and credit unions are trying to push, and this lending product internally helps banks as they can shift staff from mortgage to HELOC lending (usually less complex). And STRATMOR’s current blog is about how “Lenders Continue to Pivot” in a shift to a purchase-centric focus. (Today’s audio version of the commentary is available here and this week’s is sponsored by ICE Mortgage Technology, combines technology, data and expertise to help automate the mortgage process, from consumer engagement through loan registration, and every step and task in between.) Lender and Broker Products and Services “At Sprout Mortgage, whether it's our jumbo loans to $10M, investor loans with debt service coverage, superior technology, or aggressive pricing, we have uncommonly good mortgage solutions not commonly found elsewhere. We have solutions that can help customers despite rising interest rates. That’s why we’re hiring across the nation – we’ve got explosive growth! You too can benefit from providing over 35 unique non-QM and QM solutions to meet all types of customer scenarios. Reach out to Jessica Fieramosca, SVP of Recruitment, at 657-888-9878, to chat about fresh career possibilities. You’ve got nothing to lose, and only earnings potential to gain. #SowYourSuccess at Sprout!”