Hedging, Automation, HELOC, MERS Audit, LO Benchmarking Products; Training Opportunities

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Whether it is an obscure band or an eatery in San Diego, a well-known palindrome is “tacocat.” Huh? Yes, it’s the same spelled backward or forward. You hadn’t heard that one? How about this one: “Rob, have you heard that when Lender XYZ funds a loan, it is sold to an investor, and usually the servicing is sold to someone else, but then Lender XYZ and its LO quickly offer to refinance the loan when rates drop. At that point Lender XYZ makes its origination fee again, and the investor and servicer lose out.” Yes, it’s everywhere as originators and lenders scramble for business. Current and previous clients are good sources, as other sources are tough to find: With the NAR verdict in Missouri being a sign of the times, where are LOs supposed to go for referral sources if not the buyer’s agent in the future? (Today’s podcast can be found here, sponsored by LoanCare, the mortgage subservicer known for delivering superior customer experience through personalization and convenience. Its award-winning portfolio management tool, LoanCare Analytics, supports MSR investors with a focus on customer engagement, liquidity, and credit risk. Hear an interview with Loanspark’s Michael Barnett on the commercial real estate space and why residential mortgage professionals should care about it.) Lender and Broker Software, Products, and Services Most schoolchildren learn about Laika, the first dog in space. But my cat Myrtle wants to share a lesser-known fact: in 1963, for the first (and only) time in history, a feline was launched into space. Like her fellow space program participants, Félicette was a trailblazer. Now, 60 years later, Dark Matter Technologies is invoking that same pioneering spirit in its quest to shape the future of lending under new leadership and new investments in its flagship Empower LOS. Learn more about Dark Matter’s bold new vision.

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