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Real estate agents love it when loan officers give them referrals. That’s not always easy. Is giving a real estate agent a book on becoming a productive and well-respected real estate agent a RESPA violation? How about an all-expense paid trip? Attorney Brian Levy points out in his latest Mortgage Musings (chock full of Rolling Stone song references) how it matters whether the “thing of value” is offered in return for referrals or is just ordinary business promotional activity. LOs know that working with real estate agents is a numbers game. (How many loan officers contact the listing agent when a property goes on the market to ask for a referral?) Did you know that on any given day there are about 61,000 people in airplanes above the United States? (I think that number is light.) I mention this because Heathrow Airport in London is taking the unconventional step of capping the daily number of passengers at 100,000 per day for the rest of the summer. Heathrow was h ....
National residential lender PrimeLending, a PlainsCapital Company, announces the promotions of two new area managers in the Pacific Northwest. Matt Eckard will oversee Oregon and Washington while Michael Heeb has been tapped to manage Alaska, Idaho, and Montana. Eckard brings more than 23 years of mortgage industry experience to his new role after eight years as branch manager at the Portland Metro, Ore., branch, and its two satellite branches across Oregon and Washington. ....
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