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Mortgage lenders face jump in fraud costs, attack volumes since pandemic began

The cost of fraud overall for U.S. banks and lenders has leapt between 6.7% and 9.9%, according to a recent report by LexisNexis Risk Solutions.

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Secondary, Processing, Referral, Automation Tools; B2B Lawsuits Update; NFP Comes in Low

Anyone born around this time is a Capricorn, and if you believe in horoscopes, they are the most patient and careful, and they are down-to-earth for everything. The broad stroke feature of them is adamancy: they tend to hold on to their own views and never give up before achieving the goal. I like to believe that the goal of nearly every lender is to do more volume in a compliant manner, and the volume part is going to become tougher. According to Curinos, December 2021 mortgage rate-lock volume was down 40% YoY and 17% MoM across all channels, while funded volume decreased 25% YoY and 6% MoM. In the Retail channel, lock volume decreased 37% YoY and 17% MoM, while funded volume was down 25% YoY and 6% MoM. (Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures. Drill deeper into this data here.) Farther up the food chain, do you think it is just your imagination that active real estate listings are down? Nope. The St. Louis Federa

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Revolution Mortgage Hires Branch Production Manager For New South Portland Branch

Revolution Mortgage announced the opening of its third branch location in Maine, located in South Portland and led by branch production manager, Peter Jose.

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Guild Mortgage Adds LO To Its Lancaster, PA Branch

Guild Mortgage added Leighann Walsh, a senior loan officer, to its branch in Lancaster, Pennsylvania. The company sees a lot of potential in the region.

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Guild Holdings Company (GHLD) Q2 2021 Earnings Call Transcript

Guild Holdings Company (GHLD) Q2 2021 Earnings Call Transcript
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