Live Breaking News & Updates on Community mortgage

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On the Move: 5 December 2023

Monogram Health, First Community, Educational Media Foundation announce updates

Texas , United-states , Washington , Dallas , Houston , Bethany-davis , Mike-uchrin , Matt-reynolds , David-pierce , Jeff-pancer , Greg-hicks , Dan-smith

Compliance, CRM, LOS, Servicing, Workflow, Internal Audit Products; Non-QM and Jumbo News

My cat Myrtle doesn’t have a lot of rizz, and there are those that will argue that no cat has any charisma whatsoever. But plenty of marketing people do, or can create it, and even if you’re not in marketing, there are some clever marketing people out there. Creative minds as well, and if you’re looking for a Christmas present, here are the “best inventions of 2023” per Time Magazine. There is also cleverness and creativeness in the modular home manufacturing industry, probably far outpacing the ability of state and local government to issue permits. Meanwhile, lenders are facing a winter trying to figure out if they are in the “Survive until ‘25” camp or the “Grow more in ‘24” mindset? The credit industry is reeling as lenders grapple with soft versus hard pulls, renegotiating pricing, and bundled deals. And for some reason LO comp continues to be unsettled: dual comp, MLOs as real estate agents, transferring pipeline data when changing jobs, different fee structures within the same state, and so on. (Today’s podcast can be found here, and this week’s is sponsored by nCino, makers of the nCino Mortgage Suite for the modern mortgage lender. nCino Mortgage Suite's three core products, nCino Mortgage, nCino Incentive Compensation, and nCino Mortgage Analytics, unite the people, systems, and stages of the mortgage process. Hear an interview with Mayer Brown LLP’s Holly Spencer Bunting on RESPA happenings and how the industry can get to better regulation.) Lender and Broker Products, and Services

Jeff-pancer , Sandra-madigan , Dustin-owen , Holly-spencer-bunting , Angel-oak-mortgage-solutions , First-community-mortgage , Market-committee , Fannie-mae , Time-magazine , Correspondent-program-news , Mortgage-technology , Servicing-solutions

First Community Mortgage Hires Experienced Capital Markets Expert

First Community Mortgage Hires Experienced Capital Markets Expert
nationalmortgageprofessional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgageprofessional.com Daily Mail and Mail on Sunday newspapers.

Nashville , Tennessee , United-states , Dan-smith , Jeff-pancer , First-community-bank , First-community-mortgage-inc , First-community-mortgage , Fannie-mae-secondary-marketing-advisory-committee , Ithaca-college , First-community , Community-mortgage

First Community Mortgage Selects Jeff Pancer as EVP, Capital Markets

First Community Mortgage Selects Jeff Pancer as EVP, Capital Markets
mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.

Nashville , Tennessee , United-states , Jeff-pancer , Dan-smith , Fannie-mae-secondary-marketing-advisory-committee , First-community-bank , First-community-mortgage-inc , First-community-mortgage , Community-mortgage ,

Valley National Bank Launches Community Home Equity Line of Credit Program

Valley’s new reduced variable rate consumer line of credit product will be introduced throughout Valley’s footprint to support LMI communities

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Illinois , United-states , Florida , New-york , Alabama , New-jersey , California , Kevin-chittenden , Shawn-cassidy , Valley-national-bancorp , Valley-community-home-equity-line-of-credit , Community-home-equity-line-of-credit

Verification, HELOC, POS, Servicing Transfer Products; Webinars Today and Tomorrow; Fannie's Solid Earnings

“Change is inevitable, except from a vending machine.” Corporate changes are the name of the game. Atlanta’s Crescent Mortgage’s bank owner is aligning all mortgage facets of the enterprise and moving to “retail only” and eliminating third party. Rather than wind down, Colorado’s Universal Lending is inking an agreement with Lower LLC in a partnership setting up Universal Home Loans being in the same markets as a division of Lower LLC and improve its competitive position. Every discussion that I’ve had with real estate agents lately involves a) thousands of agents leaving the business due to the lack of… business, and b) how 8 percent mortgage rates have absolutely ground transactions, and even interest in looking at properties, to a halt. Meanwhile, I’m having similar conversations with loan originators as a) NMLS licenses are declining, and b) 8 percent mortgage rates have ground activity to a halt. From a broker-dealer’s perspective, BAML’s trade desk reported that, “Supply limped into the weekend, closing at 1.2bn amid a light rate move, dragging the 5 day average to 1.8bn.” (Today’s podcast can be found here, sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology and other services to the mortgage industry for almost four decades. Hear an interview with Richey May’s Seth Sprague on the servicing marketplace, strategic planning, and returns to profitability from an advisory perspective.) Lender and Broker Software, Products, and Services

Chicago , Illinois , United-states , Texas , Chenoa , Colorado , Robbie-chrisman , Charlotte-brown , Katie-plezia , Sean-herrero , Kim-kriel , Kristin-messerli

Efficiency, Wire-Fraud, Subservicing, VOE Products; CFPB News for Lenders

Today is 101223. Of course you know, by looking ahead to the last day of 2023, that it will be 123123. By then, how many times do you think you’ll hear, “Due to a strategic decision, we’ve decided to…”? Those lenders looking at volumes for the next several months may be wary or even frightened. As if volumes aren’t scary enough, there are only 19 days until Halloween! Where are you going to be trick-or-treating this year? There are some good candidates out there that my cat Myrtle may fly into on her broomstick: Tombstone (AZ), Slaughter Town (LA), and Seven Devils Town (NC) are at the top of her list. The U.S. Census Bureau reports that there are roughly 128.5 million occupied U.S. housing units that could be potential stops for trick-or-treaters. If you're at one of those and are expecting trick-or-treaters, there are 3,227 U.S. confectionery and nut stores and 726 U.S. formal wear and costume rental establishments. (Today’s podcast can be found here. This week’s is sponsored by NotaryCam, your partner for The Perfect Close! Ease of use, additional closing compliance, better borrower experience, reduced timelines, and cost savings, what is stopping you from getting on the RON train with NotaryCam? Listen to an interview with NotaryCam’s Suzanne Singer on why Remote Online Notarization (RON) hasn’t taken off like many would have hoped.) Lender and Broker Software, Products, and Services “Harness insights from the upcoming MBA Annual Convention and Expo by creating a meaningful strategy for innovation! It can be difficult to buy advancing industry technology anytime during the year, but this can be the best time to introduce a simple, sophisticated, easy-to-implement solution that will solidify your vision for 2024. Our recent blog, ‘Tapping Innovation to Ignite Change Automation for Mortgage Servicing,’ highlights smart workflow, what you're missing if you haven't embraced digitization, and how to leverage AI while avoiding the risk of emerging technology. These are important elements of surviving and competing in today's complex and volatile mortgage landscape. Don't miss the chance to embrace industry-proven innovation: Let CLARIFIRE® do your heavy lifting while you capture a better approach, better results, and better software… today!”

Boston , Massachusetts , United-states , Tennessee , American , Peter-briggs , Phil-rasori , Paul-yarbrough , Matt-bullins , Las-vegas , Anjelica-nixt , National-mortgage-news

Mortgage Lender Change Appears to Lose CDFI Status

Change Lending, the nation's largest provider of nonqualified mortgages, has been removed from the U.S. Treasury's list of Community Development Financial...

United-states , Miami , Florida , America , Jacob-adelman , Marc-halpern , Johnny-depp , Tony-gonzalez , Community-development-financial-institution , Foundation-mortgage , Community-mortgage , Change-lending