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Lender Credit, HELOC, PPE, AI Tools; Wholesale and Correspondent News; Millennial Refi Interview

My cat Myrtle is enthralled with Artificial Intelligence (AI). Okay, I made that up. She’s only interested to the extent that it impacts the supply of Icelandic Sea Trout into her bowl. AI is a hot topic these days, and in fact today’s Mortgage Collaborative’s “Rundown” at noon PT, 3PM ET, features David Karandish, the CEO of Capacity, discussing that and other trends in mortgage tech. A trend continuing to rifle through the ranks is mergers and/or acquisitions...
United States Tom Piecenski Jerome Powell Taylor Stork David Karandish Kirill Klokov

Rental, Renovation, Fee Collection, Subservicing, Verification Tools; Training and Events

Yes, WeWork has filed for bankruptcy, but if you look at GDP and employment, our economy is doing pretty well. Did you know that the Dallas metro area is home to the headquarters of companies responsible for originating 78 percent of residential volume? You probably didn’t, as I just made that up out of thin air. Texas’ growth and not having state income tax both help. Here in Dallas at the TMBA Education Symposium, there is plenty of discussion about the industry incorporating non...
United States New York Tom Davis Selma Hepp Robbie Chrisman Ron Berry

HELOC, Broker Pricing, LOS, Servicing Retention Products; Training and Webinars; STRATMOR on Tech

The upcoming credit price changes were not discussed yesterday at the counter in Paul’s Pancake Parlor here in Missoula, but they might have been. As well as the resignation of NAR’s CEO… are there cracks in the powerful NAR empire? One thing that did come up was the commercial real estate market, reminding us that people need a place to live, not necessarily a place to work. Want to know how bad the commercial real estate market may become? Follow the money. “Blackst...
United States New York San Antonio Corpus Christi District Of Columbia Michael Aberle

Internal Audit, Verification, Broker, Marketing Products; Training and Webinars Next Week

The unofficial Chrisman LLC sarcastic slogan is, “We do this not because it is easy, but because we thought it would be easy.” Hopefully, there are no lenders out there with that slogan, as residential lending, done the right way, is not easy. Sometimes residential lending seems discombobulated. Sometimes things settle down and become more orderly: recombobulated! (Workflow and improved lender efficiency are the topics of today’s Mortgage Collaborative Rundown featuring Doni...
United States South Carolina Richard Plummer Kelly Stovall Las Vegas Chris Murphree

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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Broker and Correspondent Products, Database Mining, Engagement, Cybersecurity Tools; Training and Webinars This Week

This morning (as I head to Chicago) and every morning, I keep myself sharp by regularly asking myself the tough questions like, “What happened yesterday?” and “What was I planning on doing just now?” Looking forward, as some attendees of last week’s conference made note of the MBA Annual’s dates in Denver for next year butting up against Halloween, successful salespeople will tell you that many of their best business meetings last week, or at any confere...
United States Techmor Chris Wiley Rob Houser Phil Rasori Mitchell Sandler Kristin Messerli

NAR Lawsuit; Accounting, MSR Transaction, HELOC Products; Webinars and Training; Interview with Best CEO Vishal Garg and CFO Kevin Ryan

Talk in the hallways here at the MBA Annual in Philly? How about the cost of insurance of all types. Case in point: “What Happens When the Flood Insurance Market Goes Underwater?” The NAR commission legal issues are a big, big deal, possibly impact real estate agents’ commission structure. The cost of credit will be going up, with the evening up of tiers: ask your CRA about it. Buybacks (repurchases) have been a problem for months. Several sales managers have told me that a ...
United States New York Michael Simmons Bob Broeksmit Minneapoli Kashkari Fannie Mae

TMC Emerging Technology Fund LP Invests in Halcyon to include investment advisory, IRS transcripts and tax preparation services

ENewsChannels NEWS: -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") has made its latest investment in Halcyon. Halcyon's suite of services provides financial institutions with a 360-degree financial relationship with its customers by affordably expanding their offerings to include investment advisory, IRS transcripts and tax preparatio...
United States Sandy Selman Kirk Donaldson Tmc Emerging Tech Fund Its Limited Partners Technology Fund

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