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Integro Bank Launches Their Mortgage Division
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“So, HBO Max is now just ‘Max.’ Your move, Peacock.” Lenders continue to cogitate on their next moves as rates remain stubbornly high and inventory available for sale stubbornly low, and neither appears ready to change much any time in the near future. As I continue to visit with groups of lenders and vendors, lender’s overhead, and how comp figures into that, continues to be a hot topic. STRATMOR’s current blog is titled, “Compensation: Ever Changing,” and I asked STRATMOR CEO Lisa Springer about what lenders are doing in that area. “Lenders in increasing numbers are reaching out to STRATMOR to advise on compensation strategies from a holistic point of view, seeing how changes fit within the entire company. Management teams are thinking about structural changes and capitalizing on the opportunity to create win-win comp programs for both the employees and the companies.” In housing and inventory news, a recent real e
(Warning: cuteness ahead.) How does it feel to be a loan officer dealing with multiple borrowers on one loan? The study of how people borrow money, and where they’re moving, is of great interest to LOs and lenders, as well as vendors and real estate agents. (Warning: numbers ahead.) Though many believed that the spike in WFH (work from home) workers associated with the COVID-19 pandemic would lead to greater geographic mobility, the number of domestic movers in the United States actually declined from 2019 to 2021. The percentage of people in the United States who moved in the previous year declined from about 14 percent to roughly 13 percent, according to the 2019 and 2021 American Community Survey estimates. In 2019, 7.6 percent of the U.S. population moved to a new residence in the same county; by 2021, that percentage had declined to 6.7 percent. The percentage of those who reported that they had moved the previous year to a new residence in a different county within the sam
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