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MLO, Branch, Ops Jobs; Sales, POS, Warehouse Products; STRATMOR Ops Paper; Ginnie, FHA, VA, USDA Updates
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Distressed mortgages drop in December: CoreLogic | National Mortgage News
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AE, MLO, Ops Jobs; Rule Logic, Subservicer, Non-QM, POS Products; Rate Moves Partially Impacting Rate Sheets Feb 18 2021, 8:30AM
Welcome to 124-year-old Girl Scout Cookie Season! If you’re an LO, how’d you like to deal with borrowers for 189 years, or eat the same thing day after day? I thought so. Meet Jonathan who now holds the record for the oldest animal in the world. (Speaking of age, how do you appraise a 1960 Missouri bunker as a $1.1 million residence?) Jonathan couldn’t care less about mortgage rates, which have moved higher. Even yesterday’s FOMC minutes show most participants expect a sizable boost in economic activity” more in the capital markets section below. But the move is providing MLOs with even more reason to provide better customer service. The STRATMOR Group’s Mike Seminari observes, “It’s surprising how much borrower satisfaction improves with LOs setting expectations up front, not asking for the same document twice
BENNETT HALL
Corvallis Gazette-Times
A mid-valley real estate brokerage has agreed to pay $180,000 to settle claims by federal regulators that it accepted thousands of dollars in illegal kickbacks as part of a widespread scheme to funnel business to a California mortgage lender.
In an enforcement action announced this week by the Consumer Financial Protection Bureau (CFPB), Keller Williams Mid-Willamette was named as one of more than 100 real estate brokerages that accepted illegal payoffs to steer homebuyers to Prospect Mortgage of Sherman Oaks, California.
Headquartered at 1121 N.W. Ninth St. in Corvallis, Keller Williams Mid-Willamette has about 130 real estate brokers and operates satellite offices in Albany, Lebanon and Sweet Home.