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May 9, 2023
Wanna track your credit score minute by minute, regardless of whether you speak English, Spanish, whatever? I have no idea why any sane person would want to do that, but SoFi will do it for you. More importantly, the number of people in the United States who spoke a language other than English at home has nearly tripled from 23.1 million (about 1 in 10) in 1980 to 67.8 million (almost 1 in 5), according to a recent U.S. Census Bureau report. At the same time, the number of people who spoke only ...
April 26, 2023
There are 3 things that tell the truth: small children, drunk people, and yoga pants. HMDA data is close behind. Warning: sobering thoughts ahead, and not only the headlines about credit scores and mortgage pricing, officials trying to devise a plan for First Republic’s future, or two 80-year old white men posturing about the country’s future. Residential lenders at the recent MBA STRATMOR Peer Group meeting in Atlanta were looking at units, and I asked the MBA’s Joel Kan ab...
March 29, 2023
While finding investors will likely be more difficult, the long-term outlook remains solid for more established companies, industry experts say.
March 27, 2023
“Once you lick the frosting off of a cupcake, it becomes a muffin. And muffins are healthy. You’re welcome.” Adding another expense to a transaction is certainly not welcome, yet that’s exactly what was voted into effect by residents of Los Angeles County in November. When you sell a house, paying a 5-6 percent commission to the real estate agent is typical. In LA there’s another 5 percent tax on top of that for high-priced houses to help fund affordable housin...
March 6, 2023
/PRNewswire/ -- Motto® Mortgage held its sixth annual awards ceremony during its 2023 Motto Mortgage Innovation and Loan Excellence Summit (MILE) at the MGM...
March 1, 2023
Polly announced on Wednesday its API integration with Total Expert, a customer engagement platform for financial institutions.
February 28, 2023
New API integration allows lenders to generate tailored marketing materials that include rate, monthly payment and APR based on unique borrower details.
February 23, 2023
Remember, not all math puns are terrible...just sum. Analyzing residential servicing is a combination of math and psychology. If you were an institution thinking of buying mortgage servicing rights (MSR), or a lender running the numbers on retaining servicing rather than selling it to an aggregator like AmeriHome or Penny Mac, you don’t like hearing the saying, “Marry the house, date the rate.” You’d prefer that the loan stay “on your books” well into th...
February 16, 2023
16.02.2023 - Guided Insurance Solutions, LLC, an indirect subsidiary of BRP Group, Inc. (NASDAQ: BRP) (“Guided”), has decided to collaborate with Total Expert to deploy its customer engagement platform across its insurance operations. The platform will enable ...
February 10, 2023
As I type this piece on Friday morning, I am at the O’Hare aerodrome for a flight from Chicago to San Francisco. O’Hare is packed and humming… What economic slowdown? Does my opinion on the economy matter any more than yours, or… that of the guy running JPMorgan Chase? Last June CEO Jamie Dimon warned of an economic "hurricane" down the road. “Hurricane” is pretty sensationalist, especially when it hasn’t happened. This week he t...