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Point of Sale, Appraisal, Outsourcing, Appraisal Products; Mergers and Lender Closures Continue

Every lender or investor with an “a” in their name seems to be subject to rumors and news in recent months. (More on Flagstar and American Pacific below.) Know anyone named “Bernadette”? The name is actually Latin for, “The act of torching a mortgage.” (Yes, it is cutting edge humor like that which brings you back.) Burning liens isn’t a topic, but paying them off early is, and with mortgage rates off of their highs, early pay offs, or EPOs, were a conversation topic at the conference this week. And with it, loan officer compensation follows. Can a lender pay an originator based on pull through? Yes. Can lenders pay different originators under different payment plans, as long as the originator sticks with one plan? Yes. Can a lender, if they comply with state labor law, ask for compensation back after an EPO or EPD? Yes, and it may depend on the contract signed by both parties at the beginning of employment. As always, consult your in-ho ....

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TMC Emerging Technology Fund LP Invests in TRAiNED

SAN DIEGO, Calif., Jan. 12, 2023 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology ....

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Michigan lender sues competitor for raiding Florida offices

Among other breaches of contract, workers allowed their future employer to store equipment in their current offices in anticipation of their conversion, the complaint claims. ....

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HBT Financial, Inc. Expands Illinois Footprint Through Merger with Town and Country Financial Corporation

BLOOMINGTON, Ill. and SPRINGFIELD, Ill., Aug. 23, 2022 HBT Financial, Inc. , the holding company for Heartland Bank and Trust Company , and Town and Country Financial Corporation , the holding. | August 23, 2022 ....

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Three Town and Country Financial Corporation Directors Retire in April 2022

SPRINGFIELD, Ill., May 02, 2022 Three Town and Country Financial Corporation Board members retired in April 2022. Mark O. Roberts, Jr., John S. Cobb, and Bart J. Solon retired as of the. | May 2, 2022 ....

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