Private Bank, Correspondent, MLO Jobs; CRM, Jumbo, Sales Tools; LDI Now Public; Wells PPP Fraud Example Feb 12 2021, 8:16AM
Lending and real estate are permanently linked. On the mortgage side of things, the podcast of today’s commentary features thoughts on the $1.5 billion cap on Agency whole loan sales, and it can be heard via Apple, Spotify, or Google: subscribe and download. On the real estate side of things, inventory issues around the nation continue. Remember that ten years ago large corporations were soaking up the majority of homes that came on the market. I mention this because they still own hundreds of thousands of residences and these companies have certainly enjoyed the appreciating market for real estate. (One of them, Blackstone, is buying Interior Logic Group for $1.6 billion. Interior Logic Group is a national provider of interior finish and design technology: a data-driven and technology-enabled provider of interior design, supply
Sales Director, MLO, Branch Jobs; Servicing, Sales, Jumbo Products; URLA and 4506-C News Jan 29 2021, 8:12AM
One should never stop learning. For example, I just began reading a great book: “How to Cook Crack and Clean a Crab.” Step One: Use commas. I learned that the Bill & Melinda Gates team is the largest farmland owner in the United States. Last year’s overall net farm income is projected to rise 43 percent to $119.6 billion, according to the Department of Agriculture, despite last year’s farm cash receipts being down 1 percent to $366.5 billion. But at the same timedirect federal aid accounted for literally 40 percent of total farm income after more than doubling over 2019 levels. Producers made $46.5 billion from the government, with direct federal aid up 107 percent from 2019. Plenty of lenders have learned about and utilize the USDA Rural Housing program, not to be confused with learning about the URLA (1003) changes ahead. More on the new
Geneva Financial Named Top Mortgage Employer by National Mortgage Professional Magazine
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CHANDLER, Ariz., Jan. 28, 2021 /PRNewswire/ Geneva Financial (Geneva), a privately held, national independent mortgage lender headquartered in Chandler, Arizona, was named a 2021 Top Mortgage Employer by National Mortgage Professional Magazine (NMP), a leading industry resource. The list identifies distinguished lenders around the country based on culture, compensation, leadership, cutting-edge technology, reputation and community involvement.
Geneva Financial Named Top Mortgage Employer by National Mortgage Professional Magazine. Mortgage Loan Originators are flocking to Geneva Financial for the compensation, the culture, highly competitive rates, the expansive product offering, a 4.9 out of 5 star Google rating from consumers and the company’s commitment to community service through its Geneva Gives and BE A GOOD HUMAN initiatives
Sales Management, MLO Jobs; Recruiting, VA IRRRL, Non-QM Products; Litigation is Expensive; HMDA Season has Begun! Jan 11 2021, 7:58AM
Of course some found humor in last week’s riot in Washington DC. (“In light of recent events, Mexico has decided that it will pay for the wall after all. And Canada wants one as well.”) For others, as heard in these messages from Republican Arnold Schwarzenegger and Colin Powell, there is nothing to laugh about. MLOs steer clear of politics with their clients, and on their job-related websites, for good reason. Not only is personal information on a company website against many rules and regulations, but there is a lot at stake. Many forecast that U.S. mortgage volumes could top $3 trillion this year as rising competition among lenders and an activist Federal Reserve combine to put further downward pressure on rates, and there are 800,000 U.S. borrowers who could save money if rates stay where they are. And who would
Non-QM, LOS Admin, Ops, MLO, IT Jobs; Broker, Sales Tools; QC and Compliance Dec 28 2020, 8:09AM
Congress and the press have been talking about a second stimulus plan since the summer. The bill signed by President Trump last night keeps the U.S. Government running through next September, including USDA housing programs. For ordinary citizens we hope that it is not too little, too late. Did you know that, driven by stock market gains, the current net worth of the 4 richest U.S. citizens is double the entire net worth of the lowest 50 percent of the U.S. population? Fortunately, many lenders and vendors help their communities in numerous ways, and this Commentary highlights them in our Saturday Spotlights. (For information on being featured, contact Anjelica Nixt.) What about Goodwill? Do you think it is an organization owned by churches, or a non-profit? Nope. Goodwill Industries is a privately held, not-for-profit company which has come under fire for pa