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Servicing, POS, Marketing, Fulfillment, Pricing Engine Products; FHA, VA, USDA, Ginnie News

Does your company have a decent product for a borrower who crowd-funded their down payment? How about a house with a granny unit in the back? Trends in lending and real estate, right? How about anyone who is buying a place to live in a converted office building or mall? I hope so, as that is certainly “a thing.” Obviously, it takes a different skill set. Speaking of which, here at the MBA’s conference in Manhattan someone was telling me, “Many companies have momentarily stopped reducing overhead and are prepared for an increase in volume: ‘re-flate.’” Overhead is obviously a topic: If an LO doesn’t need a branch or manager, why should their borrower pay for them, and the overhead, through worse pricing? And in terms of cutbacks, is “furloughing” just IMBs kicking the can down the road? On the banking and credit union side, those institutions have proven adept at finding other places for personnel not needed in reside ....

United States , James Clark , Knight Frank Poiesz , Ginnie Mae , Ken Panosian , Group Forum On Customer Service , Agency Cash , Large Mortgage Companies To Work , Rural Development , View The Press , Grant Program , Demonstration Program , Community Development Financial Institution , Lenderselect Mortgage Group , Relational Recruiting Campaign , Mortgage Technology , Group Deep Dive Forum , Administration Fee , National Production , Reference Rates Committee , Agency Transactions , Broker Program , Top Flite Financial Inc , Black Knight , Frank Poiesz , Broker Products ,

Cybersecurity, Data Mining, Credit Supplement Products; CMG and Homebridge Make Retail Deal

While the musical world mourns the loss of Gary Rossington, the last original Lynyrd Skynyrd band member, and I head to San Diego this morning for the TMC event, but I’ve heard through channels that my cat Myrtle is thinking about copywriting her trill after hearing the news that the Toblerone candy company is removing the Matterhorn from its label due to pressure from Swiss authorities: 80 percent of raw materials must come from Switzerland, so it’s a numbers game. Being a loan officer is a numbers game: so many calls and emails per day, yield so many call backs, yield so many applications, yield so many eventual closings. Day after day, and it is not glamorous. There’s a dog team race that is also a numbers game. The 1,000-mile Iditarod kicked off in Willow, Alaska, 70 miles north of Anchorage, with a finish line in Nome. This year there are only 33 mushers, a record low since the first race in 1973. The average number of starts in the first 50 races was 63 conte ....

New York , United States , San Diego , Dennis Lauria , Gary Rossington , Freddie Mac , Kathryn Katie Plezia , Aaron Miller , Lynyrd Skynyrd , Peter Norden , Mortgage Technology , Banner Bank , Mortgage Inc , Homebridge Executive Team , Service First , Monetary Policy , Senate Banking Committee , Ponemon Institute , Homebridge Financial Services , Fannie Mae , Change Wholesale , Ryan Carry , Lender Products , Servicing Intelligence Made Easy , Premier Mortgage Resources , Delegated Correspondent ,

PPE, CRM, DPA, Pre-Approval, Subservicing Products; RMF Exits Reverse; Carrington's Response to CFPB

When was the last time that you did something for the first time? (Warning: tissues may be needed.) The best use of technology is to improve quality of life. Watch people’s beautiful first expressions of hearing sounds for the first time. (This came from an email from Steve Wozniak – yes, that one, who wrote, “Why do you think we started Apple. Steve Jobs and myself wanted to make life the same for the disabled and normal people. We wanted blind people to be like sighted people. To see how much we succeeded just look at any sidewalk and see all the people walking blindly while looking at their smart phones.”) Here’s another first time. Yesterday we learned that the Federal Housing Administration (FHA) published the Acceptance of Private Flood Insurance for FHA-Insured Mortgages final rule (Docket No. FR-6084-F-02) in the Federal Register. With today’s publication, FHA will now accept private flood insurance policies where the borrower chooses t ....

United States , Steve Wozniak , Anjelica Nixt , Bruce Rose , Steve Jobs , John Gillespie , Mickey Schilling , Michele Teague , Aaron Miller , Loui Bullard , Kimberly Schenck , Nerdwallet Holden Lewis , Lender Services , Banner Bank , Us Court , National Flood Insurance Program , Mortgage Funding , Carrington Mortgage Services , Consumer Financial Protection Bureau , National Sales , Carrington Companies , Housing Administration , Federal Housing Administration , Private Flood Insurance , Insured Mortgages , National Flood Insurance ,