Page 21 - Mortgage Collaborative News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nature “always bats last.” Terrible flooding in Pakistan, flooding in Mississippi impacting its drinking water supplies. Severe temperatures in China, a hot summer in the Western U.S. Fortunately, this year’s hurricane season in the U.S has been tepid, so far, and fires in the West have been limited. Certainly, storms can impact borrowers and lenders, as can documentation problems or appraisal delays. What percent of your clients don’t close on time? In retail news, if you're a Chase customer buying a new home or an investment property, you may be eligible f...

Lenders continue to adapt, and LOs are adding value by being subject matter experts and marketing accordingly. (For example, today’s podcast features an interview with Bob Griffith, General Manager of Home Services at Houwzer, on using a client’s 401k to help finance a house.) Marketing is a fickle mistress. Ever “opt out” of receiving ads? The people that advertisers most want to target are hiding from the advertisers (thank you to Carla M. for sending that in). The implications to marketing efforts for any lender or vendor are clear. The implications of falling vo...

Cypress Mortgage Capital, the Utah-based correspondent lending division of Celebrity Home Loans, has closed after four years in business. Senior Vice President Jeff Ehrlich announced the closure last week on LinkedIn. “Starting a new business is never easy,” Ehrlich said in his LinkedIn post. “Starting a new correspondent investor business during COVID, even more difficult and some called us crazy!” Ehrlich said that he and his executive team left good jobs and worked tirelessly for almost two years, “but in the end it was not meant to be.”

How much would you pay for a company responsible for a funny video? How ‘bout $1.7 billion bones? Amazon, catching the eye of the FTC, has made an offer to acquire Roomba maker iRobot for $1.7bn. (Speaking of household goods, I occasionally am asked by LOs or employers about closing or referral gifts that are memorable or unique, unlike a bottle of wine or a doormat. I’ll often suggest Cutco knives (no, this is not a paid ad), as there is free engraving with the LO’s name & phone number, and point them to Luke Sasek for advice or to place an order.) I guess thi...

Please answer the short questionnaire at the end of the Commentary. Okay, just kidding. I have grown to really dislike a survey request after I stay at a hotel, fly somewhere, or fill up at the gas station. But for brokers who wouldn’t mind providing a little input, a fintech company that I know of is looking for “a preferred tech stack.” Brokers who wouldn’t mind shooting me a quick email (anonymous, just replying to this commentary) listing your preferred technology providers for a pricing engine, POS (Point of Sale), and LOS (Loan Origination System), and why, wo...