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Fedspeak, TPO, Servicing, CFO Oversight, Consumer-Facing Tools ; A Primer on 1099 vs. W-2

Originators: Want to add value for your potential current or previous clients who are veterans? Send them a link to Veteran’s Day discounts and free meals. LOs and brokers are good at staying in touch with potential clients and continue to prospect and talk to previous clients. (In fact, the current STRATMOR blog is titled, “Listening to Real Estate Agents Can Pay Off for Originators”.) A good reason to talk to previous clients is about their credit card balances. As noted i...
United States New York Kevin Cooke Jr Mayer Brown Eric Seabrook Freddie Mac

Hedging, Non-QM, Credit Verification, Digital Tools; Conventional/Conforming news; Fair Lending Interview

You should know that caffeine increases the power of aspirin and other painkillers, which is why it is found in some medicines. You should also know the “50-50-90 rule”, which definitely applies to me: Anytime you have a 50-50 chance of getting something right, there's a 90 percent probability you'll get it wrong. Cute sayings aside, one thing you don’t want to be wrong on is Fair Lending, and every lender, and their employees, should know the rules and regul...
New York United States Sam Shanaberger Fannie Mae Mike Vough Jeff Schaefer

Hedging, Webinars, HELOC, Prequal Tools; STRATMOR on Servicing; Lunches and RESPA

It is said that if all the hunters on opening day(s) of deer season in Wisconsin were grouped together, they would comprise the sixth largest army in the world! Sometimes lenders feel that they have a target on their backs, and here at the WMBA’s 49th Annual Real Estate & Finance Conference in Milwaukee, some of the informal talk in the hallways is about avoiding redlining, a focus of audits and exams. Another is RESPA. When does “As you wish” or “intent&#...
United States Anjelica Nixt Uplist Smartview John Vella Brett Brumley Stevena Milner

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Verification, Credit, Servicing, Automated QC, POS, DSCR Products; Events and Training Fast Approaching

Today I head to Phoenix area for the AzAMP annual conference, and am reminded that, “Change is inevitable, except from a vending machine.” The mortgage industry is constantly changing, although Freddie and Fannie have been a somewhat stabilizing influence. But explaining to someone not in the mortgage business what they, the government sponsored enterprises (GSEs) do, is not easy, but in another one of his Mortgage Musings, attorney Brian Levy offers his thoughts on 15 years of bei...
United States New York Maxwell Point National Harbor Laird Nossuli Cheryl Mckenzie

Credit Verification, AMC, Lead Gen Tools; Advocacy; Comp Strategy on Brokered Loans; Marketing

As the Western Secondary winds up, and weary capital markets staff & vendors head home from Orange County, perhaps humming “California Gurls,” working conditions and changes in the work environment are still a topic. For example, Goldman Sachs is making a concerted effort for its workforce to return to the office five days a week. I’ve concluded that I need a non-technical, high-paying, remote job that can be done with minimal effort. It turns out that there&#x20...
United States Los Angeles Orange County Rob Chrisman Jamey Lynch Henri Pescarolo

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