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Ops, MLO, AE, Compliance Jobs; HFA, URLA, Servicing Products; Upcoming Training and Events; Rates Stable, For Now Mar 15 2021, 8:25AM
Here we are at the Ides of March: only two weeks until the end of the 1st quarter! The time is flying by and time is precious. Last night I slept on the couch to cut down on my morning commute. It worked! Rates have moved higher in 2021, as certainly the pressure is on rates to move higher rather than lower given the expected end of the pandemic and the resulting economic benefits. Some MLOs are fretting, some are moving ahead with their business plan regardless of rates. In terms of salesmanship, there are some creative techniques out there. In terms of operations, STRATMOR’s current blog is, “Ops: Reducing Friction for the Borrower”. (Lest I forget, today’s audio version of the commentary, featuring an interview with Bill Shirreffs, Sr. Director of MSR Services & Sales Operations at MCT, is sponsored by MCT MSR S
Photo: Beekeeper
It may be a new year, but it is far from business as usual for those working in the hospitality industry. According to new data released from the U.S. Department of labor, 498,000 employees were laid off from their jobs in the leisure and hospitality sector in December 2020.
The Washington Postreports that of those, about 75% were employees at restaurants and bars, and nearly 4 million leisure and hospitality jobs have been lost since February 2020, according to economists.
One of the biggest lessons learned last year was that communicating with hotel housekeepers, laundry workers, roomservice attendants, wait staff, bartenders, valets, bellmen, and countless others who were either furloughed or employed but not on premises was extremely difficult since company emails for frontline workers do not typically exist. Amidst the turmoil, finding time to place phone calls to employees or snail mail them unemployment forms and other documents was