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LOS, Warehouse, Servicing Products; Freddie Mac and Trended Credit Data; STRATMOR on Younger Borrowers

Did someone say, “National Margarita Day”? (Splendid timing, especially as vendors and lenders contemplate a rate and volume environment that may not change much for months, and compensation &amp; personnel adjustments continue.) In 2023, the United States was the leading recipient of Mexico’s tequila exports, importing 84.8 million gallons of tequila from South of the Border. This has nothing to do with residential lending, other than plenty of folks in our biz enjoy a tasty margarita. While we’re on taste, the other day I mentioned a joke about vultures saying clowns taste funny which blog poster and attorney Brian Levy took as an invitation to “poke a little fun at this bear” in his most recent post. Levy’s most recent Mortgage Musings edition is titled, LO Comp, Bozo Buckets and “P&amp;L Branches” and offers a spirited and insightful discussion of a couple LO Comp related issues that have been in the news (including this daily commentary). (Found here, this week’s podcast is sponsored by Truv. Truv lets applicants verify income, employment, assets, insurance, and switch direct deposits. Unlock the power of open finance, with Truv. Today’s has an interview with PRMG’s Kevin Peranio and Truv’s Richard Grieser on verification across income, employment, assets, and insurance.) Lender and Broker Services, Products, and Software “As rates decreased in January, IMBs saw an increase in dwell-time and warehouse expenses. In January, dwell-time was up 3 days from the 15-day average. While rates are down for borrowers, overnight SOFR rates averaged 5.32 percent. With the additional 3 days of dwell, for the average IMB costs increased by nearly $70 per funded loan, a 170 percent increase from December. With full automation from funding of loans through Purchase Advice reconciliation and paydown activities, OptiFunder now offers the most comprehensive Warehouse Management System available, allowing originators to get loans from the primary to the secondary markets quickly and efficiently. Top IMB's are using funding automation to save time and capital. Meet with us at Lenders One Summit or at the ICE Experience to see how you can streamline funding through loan sale to lower dwell and warehouse expense. Sign up for our monthly newsletter for more warehouse trends.”

Texas , United-states , Mexico , California , Los-angeles , Chris-anderson , Mike-seminari , Jeff-casella , Mike-vough , Kevin-peranio , Jeff-mccarty , Chris-maloney

DPA, Warehouse, Multi-lingual Tools; Trigger Lead Law; STRATMOR on Customer Service; Mortgage Supply and Demand

“Yesterday I asked my kindergartener what she did in school, and she replied ‘nothing,’ then later I went on Instagram and her teacher had posted a picture of her holding an alligator.” To keep your child safe from harm, or increase their boredom, next week, April 27th, is “Bring your child to work day.” I am not quite sure how that works with the hybrid office/work from home situation that many are doing now. “Come with me into the living room; I’ve arranged your desk on the coffee table.”? Lenders and vendors have been able to reduce office leases and overhead, but working from home has certainly impacted the feeling of “corporate culture,” and some would argue makes it easier for competitors to hire key personnel away. Meanwhile, NAMB “applauds” Congressional lawmakers for advancing H.R.2656, legislation designed to end the use of trigger leads, and if passed and signed by the President would protect consumers by ending the practice of mortgage application data being sold to parties not associated with the mortgage transaction. (Today’s podcast can be found here and is sponsored by Candor. Candor’s patented automated underwriting decision engine, CogniTech™, is a state-of-the-art, 100 percent machine platform that can handle infinite loan scenarios. Today’s has an interview with Candor’s Sara Knochel and Ed Kourany on assurity prediction models, and the melding of man and machine.) Lender and Broker Services, Products, and Software Exclusive report: Maxwell 2023 Hispanic American Borrower Survey reveals that 96 percent opt for a national or local lender over online-based options. To help lenders better serve this demographic, Maxwell conducted a study of Spanish-speaking borrowers, surveying over 1,100 Hispanic American home buyers who completed the mortgage process in the past few months. The findings are eye-opening: For instance, a whopping 96 percent opted for a national or local lender rather than an online-based option. Want to learn how to become the go-to lender for this rapidly growing borrower segment? Click here to download your free copy of Maxwell’s 2023 Hispanic American Borrower Report.

Dallas , Texas , United-states , New-york , Blackrock , Spain , Louisiana , American , America , Ed-kourany , Jon-rutila , Mike-seminari

Ginnie Delivery, Fee Collection, Processing, Insurance, Warehouse Mgt. Tools; Celebrity Home Loans' Goodbye Letter

“I had a cousin who created a cold air balloon. But it never took off.” Like the intricacies of residential lending, few people are aware of the world of balloons. Meteorologists launch high-altitude balloons from the United States dozens of times each day. What’s more, weather balloons, are deployed twice a day, every day, at the same time from almost 900 locations around the world. Plenty of balloons fall to the earth. I really don’t like sensationalist headlines like “U.S. House Prices Plummet.” Especially when they’re false. Ask anyone who is in an area with starter homes, for example. The National Association of Realtors released its latest quarterly report showing that nearly 90 percent of all metro areas saw housing prices go up last quarter. (Today’s podcast can be found here and this week’s is sponsored by the STRATMOR Group, the data-driven mortgage advisory. At STRATMOR, insights and knowledge are applied to guide mortgage clients to make sound strategic decisions and take actions that improve their success. Today is a talk with Partner Garth Graham containing tips for success in a purchase-centric market. Lender and Broker Software, Products, and Services “Want to add a new revenue stream while delivering value for borrowers? Matic, a home insurance platform built for the mortgage industry, provides personalized insurance offers to your borrowers from 40+ carriers you know, all within your existing systems. Borrowers save over $600 on average, and you’ll rest easy knowing the insurance process is fully automated. Interested in joining other top lenders who use Matic to automate insurance and generate revenue? Book a quick demo with our team of mortgage experts to learn more about partnerships.”

Colorado , United-states , Minnesota , Arizona , California , Nevada , Freddie-mac , Las-vegas , Rory-ballard , Joe-tyrrell , Garth-graham , Anthony-casa

Sieben typische Fehler am Morgen, die Sie vermeiden sollten

Für einen guten Start in den Tag sollte der Morgen möglichst stressfrei verlaufen. Bei vielen ist allerdings das Gegenteil der Fall – weil sie am Morgen einiges falsch machen. Diese häufigen Fehler solltest du morgens vermeiden.

Error-tomorrow , Alarm-clock , Sleep-researcher , Sleep-awake-rhythm , New-sleep-cycle , Deep-sleep-phase , Cell-phone , Flight-mode , Standing-they , Drink-they , Cup-tea

[Kaufberatung] - (OPNSense): Stromverbrauch/Leistung Fujitsu D538 E94+ vs. Fujitsu S940

Hallo!

Seit April nutze ich einen Fujitsu D538 (E94+) mit einem Pentium G5600 (2x 3,9 GHz), 8 GB Ram, einer alten/neuwertigen Intel SATAII-SSD und einer...

Purchase-advice , Power-consumption , Fan-hmm ,

Fettarmes Frittieren, Grillen und Braten: Das alles kann ein Airfryer

Fettarmes Frittieren, Grillen und Braten: Das alles kann ein Airfryer
chip.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chip.de Daily Mail and Mail on Sunday newspapers.

Her-courts , Food-products , Comparison-price-tip-alternate , Price-tip , Assessment , Led-displays , Recipe-book , All-types-functions , Keep-warm , Glass-anymore , Individual-recipes

Treasury Yields, Employment Offerings, Vendor Services; Inflation on the Rise

With inflation likely causing the Fed to keep hiking rates aggressively (more on that in the Capital Markets section at the bottom), many people in our industry are asking how high mortgage rates can go. The talk in the bond markets today is perhaps a 100-basis point increase in the fed funds rate next week and the funds rate getting to above 4.25 percent by the first quarter of next year as a current rate around 2.5 percent and inflation around 8 percent still puts the Fed way behind the eight ball. The 10-year Treasury yield is 3.45 percent this morning and 30-year fixed mortgage rate is about 6.25 percent, making for a spread of about 280-basis points. If the 10-year Treasury gets to 4.25 percent, for example, would that put the 30-year fixed at 7 percent? Rates going higher from here doesn’t make much of a difference with mortgage refinance originations as the miniscule figures we are seeing now will remain miniscule with higher rates, but higher rates will have an impact of housing sales. With the prospect of recession on the horizon, some potential buyers have one question on their minds: Do we really want to buy a home now? Purchase business could fall further and as a reminder, those impacted by mortgage companies downsizing can post their resume for free here and employers can view them for the nominal fee of $75. Even Wells Fargo, once the 600-pound gorilla of residential finance, is no longer actively working to be the nation's largest home lender, instead shifting its focus to its consumer and wealth clients at the expense of its servicing business. (Available here, this week’s podcast is sponsored by SimpleNexus an nCino company and award-winning developer of mobile-first technology for the modern mortgage lender. Todays has an interview with Lori Brewer and Shane Westra on ways for lenders to improve ROI and efficiency in the current market.)

United-states , White-house , District-of-columbia , Americans , Lori-brewer , Kristin-messerli , Shane-westra , Karrissa-wimberley , Jessica-grau , Mutual-mortgage-insurance-fund , Atlantic-bay-mortgage-group , National-economic-council

PS5 kaufen: Amazon-Drop vorerst beendet - folgt Runde 2? (Update: Jetzt Otto)

PS5 kaufen: Amazon-Drop vorerst beendet - folgt Runde 2? (Update: Jetzt Otto)
pcgameshardware.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pcgameshardware.de Daily Mail and Mail on Sunday newspapers.

Energy-suppliers , Council-of-be , Round-john , Who-success , Original-message-though , Price-increase , Coming-soon , Monday-night , Restricted-access , Wednesday-members , European-countries

Kühlschrank-Test: Diese Kühl-Kombis kosten dich am wenigsten Strom

Kühlschrank-Test: Diese Kühl-Kombis kosten dich am wenigsten Strom
gmx.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gmx.ch Daily Mail and Mail on Sunday newspapers.

Germany , Die-kuhlung , Mecklenburg-vorpommern , Foundation-of-john , Energy-efficiency-classes , Energy-label , S-write-of-foundation , S-foundation , Energy-consumption , Energy-consumption-is-an-year , Energya-device

Kinder-Smartwatches mit GPS im Vergleich: Jedes Smartphone ist besser

Kinder-Smartwatches mit GPS im Vergleich: Jedes Smartphone ist besser
techstage.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstage.de Daily Mail and Mail on Sunday newspapers.

Junior , School-days , Telecom-smarts-collective-for-monthse-basic , Telecom-smarts , Direction-self-employment , Gps-function , Need-for-security , The-one-hand , Form-factor , Children-wrist , Smart-watch