EDMONTON Throughout the pandemic, lumber prices have continued to rise to historical highs and experts say the end is not yet in sight. The past year was a tumultuous one for many industries, including the lumber industry. Supply has been dwindling while demand has not been. “We’ve seen our cost of inventory has tripled in some cases,” Don Clement, the general manager of Mission Building Supplies, said. People have been spending more time at home and the demand for renovations is up. “We end up with difficulties where we’ll commit to a price level with a builder for a certain period of time and in the meantime the cost is going up 30 per cent in 30 days,” Clement explained.
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Ops, MLO Jobs; Cap. Mkts., Valuation, Default, Fulfillment Tools; Technology and Processing Notes Feb 25 2021, 8:03AM
As hope for a recovery drawing nearer helps push rates higher, Carol K. writes, “I hate it when people ask me what I do for fun because there is no classy way to say, ‘Binge drink.’” The approaching 1003 form mandatory changes may cause some people to turn to drink… Is it going to “March Madness” at your shop with the new URLA? (The commentary has plenty of URLA and processing notes below.) Plenty of lenders who are “farther along technology curves” than others seem to be hiring lots of developers to accommodate change like incorporating a new application. But AEs and MLOs need to be aware of and use digital tools that they already have. DU and LP, for example, are great tools and in nearly every lender. Heck, I hear a lot about senior management reminding staff about the benefits of correctly filling out forms: it is im