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Piggyback, 2nds, POS Products; G-Rate s CEO Podcast Interview; Agency News

When I was a kid, whenever I would walk by a pay phone or newspaper vending machine, I’d check the coin change slot. Or periodically check under my Dad’s La-Z-Boy… every penny or dollar counted! (Nowadays, I still get excited when I find a forgotten quarter in my own pants or backpack.) Plenty of folks at last week’s Great River Conference were trying to do the modern equivalent of that by learning about the current vendor offerings of technology, or meeting with their current vendors to see if pennies or dollars could be saved on every loan given the current $12k+ cost per funded loan. Smart and compliant speed and efficiency are critical… speaking of which, found here, today’s podcast features an interview with Guaranteed Rate’s Victor Ciardelli on the company’s goal of closing a loan in one-day and how they will get there. This week’s podcasts are sponsored by Calque. With The Trade-In Mortgage powered by Calque, ho

Mortgage Lenders See AI As Key To Operational Efficiency

Mortgage Lenders See AI As Key To Operational Efficiency
nationalmortgageprofessional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgageprofessional.com Daily Mail and Mail on Sunday newspapers.

Mortgage Lenders Remain Bearish on Profits Amid Rising Mortgage Rates, Declining Volume

Homebuyer, Fee Collection, Loan Delivery Tools; Conv Conforming Changes; IMB Profits

Today, 20211202 (2nd December 2021), is a palindrome in the YYYYMMDD format. That aside, sorry the commentary is a little late this morning: I went out drinking after my yearly review with my cat Myrtle last night. It did not go well. By the way, she is the one that reviews my performance; I don’t review hers. Now I’m on some kind of quarterly evals going forward: my revenue barely covers her line-caught halibut expenses, and those expenses have been increasing. (Versus that information, of real use is SoFi’s 3-minute video by Hamaria Crockett with a few tips on how to take the guesswork out of reviews and negotiate with your employer.) Declining revenue and increasing expenses are also the norm for independent mortgage banks and mortgage subsidiaries of chartered banks. The

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