MLO, Ops Jobs; Cross-Border Lending, Processing, Recruiting Products; MBS Issuance Webinar; Quicken Name Change May 13 2021, 8:18AM
People around the nation are “voting with their feet.” Illinois: Seven straight years of population declines. California: Losing population during a year for the first time in history. Do you ever think about the fact that one city, Shanghai, China, has more people living in it than every state besides California and Texas? (Area-wise, what is the largest city in the United States? That title goes to Jacksonville at 875 square miles, elevation 16 feet.) Did you know that over 80 percent of people who move stay in the same state? One wonders, if higher income people are leaving a particular state, does that create a bigger burden on those who remain, which encourages more departures? Provo-Orem, Utah, Coeur d Alene, Idaho, and Reno, Nevada, are the top three high-end markets to watch, according to the luxury segment of th
Ops. Mgt., MLO Jobs; Renovation, Docs, Retention Non-QM Training Tools; Product Updates May 11 2021, 8:22AM
The real estate and lending industries operate in a world filled with laws, lawsuits, and regulators. (The latest example is REX’s suit against Zillow and the National Association of Realtors – NAR - over the real estate segregation rule, which puts the interests of legacy real estate brokers before consumers.) Does this clip remind you of your Direct to Consumer Department? Hope not. And I hope that it’s not your Customer Complaint Department either. Here is something every compliance department should read: a National Law Review article pointing out the CFPB’s current thoughts on lending and servicing during the pandemic. Compliance departments are certainly aware of how compensation is paid to AEs and LOs. After analyzing data from its CompenSafe™ ICM platform, LBA Ware’s Q1 2021 comp report showed a slight decrease in basis points p
Sales Jobs; Retention, Purchase, Servicing, Reverse Products; Webinars and Training; Interview With Economist Elliot Eisenberg May 10 2021, 7:58AM
Here at the MBAG event in Northern Florida some of the topics of conversation is the economy, the inability to predict interest rates, families, and lending. It has been reported that 25 to 34-year old’s spend more on mothers than any other age group for Mother’s Day, which hopefully is not a mea culpa that they should have called more during the course of the year. For the millions of Americans that celebrated Mom yesterday, the hope was probably that they could put a smile on her face after all the ones she had put on theirs over the years. For us parents, there’s no better feeling than seeing excitement on the face(s) of our children. While the frequency of that may wane after they grow up and finally leave the house, my son Robbie told me he is more excited about today’s podcast interview with econ
Processing, MLO Jobs; Warehouse, Marketing, eClose, Efficiency Tools; Disaster Updates May 4 2021, 8:20AM
Most other countries construct homes out of concrete, stone, steel, or brick, but here in the good ol’ USA we use wood. A renewable resource, right? I mention this because lumber prices, which the government doesn’t control (yet) have risen more than 300% year over year, hit another high on the Chicago Board of Trade yesterday, and contributed to median prices of existing homes rising by 17.2% in March. According to NAHB’s latest estimates, rising lumber prices have added $35,872 to the price of an average new single-family home. Everything has a price (“How much for the little girl?”), but we must think about lumber, land, the permitting costs, and so on when talking about affordable housing. Lenders are also concentrated on lowering the cost to produce a loan, and the audio version of today’s commentary is available here and is sponsore
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