Maxwell Processor Edge News Today

The mortgage tech provider is open to more deals after acquiring LenderSelect and Revvin and becoming a one-stop shop for more local lenders.

Deal to acquire LenderSelect from Blue Ridge Bankshares will also enable "significant expansion" of secondary market trading platform, Maxwell Capital.

Carol K. writes, “Back in my day there was so much cheap toilet paper and eggs that we would throw them at the houses of our enemies.” And then there’s, “Money can't buy you happiness, but you can sure have a good time searching for it.” Speaking of a good time, are you single? Want to make $1,500? Shane Co. will pay you to go on 15 first dates. Search for dates at the grocery store, a dating app, whatever. Many lenders are searching for production, and...

Stage presence during the holidays? Here’s an example . Christmas, and 2023, is roaring our way… What are you telling your bosses? If you’re working on projections for next year, next Thursday at 11AM PT join the MBA’s fabled chief economist Mike Fratantoni and me whilst we debate the future with Sales Boomerang and Mortgage Coach. Something for the whole family! “Rob, are you hearing that lender fallout is increasing, and with it costs that are incurred ear...

This morning I head to Kansas City to spend some time with the MBAKC. KC is a mere 500 miles from Oak Park, Illinois, east of Chicago and childhood home of Ernest Hemmingway. (Although Ernest Hemingway never actually used the phrase, “Wide lawns and narrow minds” when describing his childhood neighborhood, it certainly is catchy.) And KC is a hop, skip, and a jump away, which in this case is 800 miles, from Cleveland. Why do I mention this? I know it’s not even Thanksgiving ...

San Diego-based BluPeak is the ninth credit union Black Knight has signed to use its mortgage loan origination system in the last 12 months.

The financial press seems enthralled with the business cycle. Expansion, contraction, rates and stocks up, rates and stocks down. Right now they’re all stumbling over themselves looking for signs of a recession. Recessions, of course, tend to lower rates since the demand for credit drops. European growth projections are poor. No one really knows what is going on in China. In the United States, the Federal Reserve has pushed the Fed Funds rate (the interest rate at which banks and credit u...

Here in Louisville, at AgFirst’s Correspondent Lending Conference, much of the discussion involves going after builder business (“focusing on how fast they get paid so they can pay their subs”), rural programs (“know how to communicate with your clients, or else”), top producer success (“treat your processor like royalty, and fill out the information correctly in the first place,” “set boundaries,” “sell yourself, not rates&#x...

The big news in the Chrisman household is my cat Myrtle being offered a big signing bonus by the family next door. Apparently, word of her mousing prowess has spread. Myrtle’s tight-lipped on the details, but I assume it involves line-caught halibut and wild salmon tidbits. When I brought it up, she glared at me as if to say, “Hey, it’s a free market.” At 10, Myrtle’s no spring chicken, and I told her that she’d better think long and hard about it since ...

Borrowers with limited English proficiency are said to be more likely to make it through the complex application process, enabling lenders to close loans faster and boost loan officer production.