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Richardson, Texas (PRWEB) January 19, 2022 -- Eleviant Tech symbolizes business transformation and parallels the mission to help clients elevate and scale
While rates continue higher, from South Carolina comes, “I just got 30 minutes of cardio trying to pick up an ice cube off the kitchen floor.” Plenty of folks on the East Coast are dealing with other kinds of ice (we all know how 2 inches of snow grinds Atlanta to a halt), or may be hunkered down watching Kevin Costner in “Yellowstone” growl his way through the script like he has marbles in his mouth. Meanwhile, digital banker Milo has plans to launch the first-ever crypto mortgage, making it easier for crypto investors to utilize their digital assets to obtain U.S. real estate. “Consumers will now be able to pledge their Bitcoin to purchase property and qualify for a low interest rate 30-year crypto mortgage.” In other money news, broker comp is shifting. loanDepot sent a note out to its brokers increasing LD’s maximum Broker compensation threshold from $25,000 to $50,000, now available and will apply to all branch locations tied to the main Broker location. (LD’s announcement has all the details.) And PCF Wholesale increased its maximum compensation from $20,000 to $35,000. Broker and lender products & services More than 300 billion emails are sent and received on a daily basis, billions of which are spam. Enter HomeBinder, which has mastered the art of earning homeowners’ attention with emails that are both helpful and actionable. According to Q4 2021 reporting, HomeBinder achieved an astonishing 64% open rate for maintenance reminder emails, blowing industry benchmarks out of the water. HomeBinder will soon add monthly emails apprising homeowners of their adaptive home value, which takes into account recent home upgrades, meaning the platform’s ability to help lenders engage with borrowers post-close will only rise. What lender wouldn’t want that? Email Meg Bennett to learn more about HomeBinder, or look for her at MBA IMB next week.
Today is about the day when you have to think twice about wishing anyone, “Happy New Year.” Okay, maybe tomorrow. There’s a lot of news out there to start 2022, including mortgage news. Moves by Freddie, Fannie, FHA, and VA have a ripple effect on the jumbo and non-Agency market as well. We were reminded of this yesterday when Freddie Mac and Fannie Mae, via their conservator FHFA, publicized April changes to their loan level price adjustments. Freddie announced “…changes to our Credit Fees in Price for super conforming mortgages and mortgages secured by second homes. We are making these updates in light of the significant increase in the 2022 loan limits and under the guidance of the Federal Housing Finance Agency (FHFA). These updated fees are effective for mortgages with settlement dates on and after April 1, 2022.” Freddie & Fannie’s change, although the industry has nearly three months to adapt pricing, is a huge adjustment. Jumbo loans (if the client has the required reserves) may be a (and probably will be) a better alternative. One seasoned vet wrote to me, saying, “This is a blunt way for Fannie to get rid of that business. The FHFA is probably hoping that the private label security (PLS) market will really step in and take second homes for good.” Today’s audio version of the commentary is available here and this week’s is sponsored by Real Estate Connection (REC), a boutique real estate brokerage that acts as a centralized and organized, fully-managed real estate fulfillment service, connecting buyers with local qualified Real Estate Agents and walking them through the entire home purchase and selling process with the lender partner.
2021 was a year of many significant developments in the telecoms sectorIt was also a standout year for traffic on the TelecomTV siteHere are the 10 articles th…
Open RAN was one of the big topics covered by TelecomTV in 2021It featured heavily in our most popular articles of the yearRakuten, Telefónica and Ericsson all…
Eurobites: Colt beefs up its metro network with help from CityFibre lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.
Porsch and Ericsson enter into research partnership to take advantage of 5G networks to accelerate production capabilities at manufacturing production complex.
/PRNewswire/ -- UST, a leading digital transformation solutions company, today announced that it has been named a UiPath (NYSE: PATH) Services Network...
/PRNewswire/ -- UST, a leading digital transformation solutions company, today announced that it has been named a UiPath (NYSE: PATH) Services Network...