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Servicing, MSR Cashflow, POS, Digital, AVM, TPO Communication Products; Demographic Trends for Originators

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 ...
New York United States Wolters Kluwer Kevin Wilzbach Rick Arvielo Donna Schmidt Dan Catinella

Marketing, Pricing Exception, Joint Venture, Construction Loan Tools; CFPB News; STRATMOR on Home Equity Lending

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...
United States New York Joe Welu Weiner Brodsky Kider Jim Rice Concepcion Guerrero

Lead Source, Sales, Home Equity, Lien Release Products; FHA, VA, USDA, HUD News; Sterling and the DOJ

“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...
Sheshank Shekhar Los Angeles Matt Matsuda Kevin Quinn Gibran Nicholas Ashley Terrell

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MSR Monitoring, Marketing, Lead Conversion Tools; USMI on the FHA MIP Cut

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...
United States Port Charlotte Marty Garrity Freddie Mac Selene Kellam Rose King

Guided Insurance Solutions, LLC Selects Total Expert to Surface New Opportunities and Grow Insurance Practice

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 ...
United States Joe Welu Insurance Solutions Group Registereda Stock Group Inc Insurance Company Partners

CRM, Lead Conversion, Marketing, AE Pipeline, MSR Financing Tools; More Mortgage M&A; CFPB News

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...
United States San Francisco Freddie Mac Paul Kessel Jerome Powell Adam Welwood

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