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Schreiner Gates News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Quality Control, API, Non-QM, HELOC Products; OpenDoor Penalty; Two Harbors/RoundPoint Deal

“Senility has been a smooth transition for me.” So quipped an attendee here at the Michigan Mortgage Lenders Association conference in Grand Rapids. The aging mortgage banker workforce continues to be a concern around the nation, but there are certainly lenders and vendors attempting to “bring in new blood.” The FTC’s $62 million fine of Opendoor’s advertising policies raised eyebrows. We had the news of Two Harbors Investment Corp.’s Matrix Financial Services Corporation entering into a definitive stock purchase agreement to acquire RoundPoint Mortgage Servicing Corporation from Freedom Mortgage Corporation. People are talking about the Equifax alleged miscalculating of consumer’s credit scores. (But could they have resulted in both worse and better mortgage pricing?) There is a fair amount of discussion is about the difficulty of the deals that are out there, and how various derivations of pre-qual, pre-approval, and To Be Deter

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Secondary and Underwriting Products; Compliance Expert on Misconceptions

Here we are at Groundhog Day. A rodent predicting the weather has little tie-in with the 1993 movie of repeating the same day over and over again. Locks are certainly not repeating 2021 levels for January, with initial anecdotal pipeline numbers down 30-40 percent. Are you reducing costs accordingly? When the residential lending market is good, owners think they’re the smartest guys in the room, and in the last two years volume and margins have covered up a lot of faults. (And now, are homeowners all real estate geniuses?) Now, however, effective management is going to be tougher. Mortgage fraud is growing, and I’ve received more than one email about kickbacks on the rise. Great. At least you aren’t working in a Golden Corral in Pennsylvania! Never in the history of history of calm down has anyone calmed down by being told to calm down. Lender &amp; broker services and products More than 100 people gathered in Kazan, Russia, last month to celebr

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nCino completes acquisition of mortgage lending software provider

SimpleNexus, a provider of homeownership software, is officially a part of nCino. The Wilmington-bas

Robert barduschPierre naudValley national bankCino bank operating systemBank operating systemSchreiner gatesNew jersey based valley national

New SPAC Southport Acquisition Corp Targets Real Estate Startups

New SPAC Southport Acquisition Corp Targets Real Estate Startups
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Ellie Mae Vets Form SPAC To Acquire Mortgage And Real Estate Startups

Southport Acquisition Corp. will acquire companies with $50 million to $100 million in revenues valued between $1 billion and $2 billion.

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