Underwriter, MLO, Relationship Mgr. Jobs; Sales, Pricing, Processing Tools; VA and FHA Changes Jun 3 2021, 8:24AM
Here’s your pro tip of the day: occasionally blow on the wine in your coffee mug to convince the rest of the Zoom meeting that it is tea. Speaking of the working world, are you an “office worker” or, as Amazon tells its warehouse employees, an “industrial athlete” and to prepare one’s body for that experience is like someone training for a sporting event? Don’t pull a hammy logging onto the Ginnie site. It’s been four and a half months since Joe Biden was sworn in as the 46th president and there are still no picks to head FHA and Ginnie Mae. The Mortgage Bankers Associations latest survey tells that that, among its sample of retail lenders, the FHA share of total applications is nearly at 10 percent and the VA share of total applications is nearly 11 percent. (The USDA share is less than 1 percent.) So news of these channels a
MLO Jobs; Pricing, Servicing, Processing, VOE Tools; Non-Agency and Jumbo Updates; LO Comp
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Underwriting, MLO Jobs; DPA, Non-QM, Customer Service Tools; Misc Company News Indicates Trends
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Reverse, MLO, Ops Jobs; Pricing, Best-ex, QC Products; Compliance and Risk Notes and Information May 6 2021, 8:12AM
While the market is digesting the implications Rocket’s earnings (the shares are down in pre-market trading), remember when, in March 2020, it was as if someone flipped a switch and suddenly everyone was working from home. Now, however, owners and managers of lenders and vendors across the nation are debating allowing employees to continue working from home, requesting everyone come back into the office, or some type of hybrid. Goldman Sachs, for one, has told U.S. employees to return to the office by mid-June and U.K. workers to return shortly thereafter. We know from experience that our culture of collaboration, innovation and apprenticeship thrives when our people come together, according to an internal memo. Google expects 20 percent back in the office, with 60 percent in a hybrid model. Meanwhile, a segment of workers are embracing
CRM, Ops, Consumer Direct, AE, LO Jobs; JV and MSA Updates; Redwood Trust Results; CFPB Action Apr 30 2021, 8:26AM
How are we 1/3 done with 2021 already? Few are sitting on their hands as the months roll on. Exxon had its first profitable quarter since 2019. Fannie Mae posted its first quarter results this morning: $5.0 billion net income for the first quarter of 2021 (compared with $4.6 billion for the fourth quarter of 2020), and its net worth increased to $30.2 billion as of March 31, 2021. In regulatory news, the CFPB took action against a reverse mortgage lender for deceptive advertising. And in IRS news, you don’t need new taxes if you enforce the old ones. Lots of loan officers made a lot of money in 2020, but you’ll need a net worth greater than $4.4 million to be in the top 1 percent in the U.S., and I mention this because the IRS and the Biden Administration believe that as much as $1.4 trillion in additional revenue could be raised with mo