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Homebuyer Education, RON, Elastic Ops Tools; Conventional Conforming News; STRATMOR on Tech ROI

Want to really let someone know that you’re no longer interested in them? For $10 the San Antonio Zoo is offering a special Valentine’s Day greeting for exes who keep bugging you after you part ways: naming a cockroach after your not-so-special someone and feeding it to an animal. What about when a lender parts ways with a loan officer? Obviously a new company may not have the same product set, and good luck to LOs who rely on one product and then are cut loose, especially if it is a purchase-centric product. For example, I bet all of those Flagstar originators will miss that portfolio product: A well-priced ARM that allowed clients to buy before selling. (Flagstar offers a wholesale and correspondent channel, by the way.) (Today’s podcast can be found here and this week’s is sponsored by Milestones. Giving homeowners an all-inclusive homeownership experience including home value and equity monitoring, home maintenance reminders and how-to articles, cloud-ba

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Cenlar Names New VP, Human Resources Business Partner

Cenlar Names New VP, Human Resources Business Partner
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TPO, HELOC Workflow, Processing, PPE, API Tools; CFPB Fines Carrington $5.25mm

Few base their company or family’s savings on the inherent risk in a prediction. But… On a big scale, and we’ve been hearing forecasts of a recession for a year now, JPMorgan Chase’s economists opine that the economy will slip into a mild recession in 2023 as a result of the Federal Reserve's monetary tightening. Of course, recessions usually mean lower rates (one of the topics in today’s Rich and Rob show with MGIC). "We also expect slowing aggregate demand eventually leading to labor market weakness that builds on itself, and we anticipate that we could lose over a million jobs by the middle of '24." Smaller mortgage banks may not be able to wait it out. STRATMOR’s M&amp;A practice is “en fuego” with large and small deals. Mortgage servicing rights continue to hit the open market in varying sizes and shapes. Informally chatting with a couple servicing specialists indicates that the small

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