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Non-QM, CFPB Readiness, Homeowner Monitoring Products; Title Survey; Upcoming Events; IDS Sale

“I don’t always go the extra mile, but when I do, it’s because I missed my exit.” And that extra mile costs more every week. Higher gasoline prices certainly hit service workers and commuters much harder than other segments of the population, namely higher wealth individuals. (Thank you to a reader in Utah who sent, “Breaking News: gas prices are now so high, it is actually cheaper to buy cocaine and run everywhere.” And there’s “Beer is cheaper than gas. Drink, don’t drive.”) Gas prices don’t show much inclination to slow down, unlike residential lending. U.S. lenders issued a record $4.4 trillion in mortgage originations in 2021, topping the previous mark of $4.3 trillion from 2020, so there is almost no place to go but down in 2022. So lenders are laser-focused on production. At the recent SimpleNexus user’s conference, someone told the assembled group that there is a 77 percent higher chance of fund ....

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Lender and Broker Products; Russian Mortgage Rates; Ukraine Driving Markets

I could tell that my cat Myrtle was miffed, and this time it didn’t have anything to do with the CFPB. (Nor me heading to Salt Lake City today for the SimpleNexus User Group Conference.) She was upset because she had missed out, once again, on the coveted Chrisman LLC Employee of the Month award which includes a parking spot near the front door of the massive office complex we occupy in the downtown of a large city. On top of that, she had recently fallen for an email scam that began, “My beloved, I trust that you are well, but I have become hard times and am in need of many funds…” Okay, Myrtle didn’t fall prey to the phishing, but our industry is where the money is, and subject to constant attempted scams, like wire fraud. Do you think title insurance is a scam? You’re not alone. One thing that isn’t a scam is property values continuing higher, although it is area dependent. Economist Elliot Eisenberg, Ph.D., observed, “Over t ....

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NXTsoft Welcomes New Customer: Mayo Federal Credit Union

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NXTsoft Partners with Integra Software Systems for Fintech-to-Financial Institution API Connectivity

NXTsoft Partners with Integra Software Systems for Fintech-to-Financial Institution API Connectivity
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