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MLO Jobs; Risk Reduction Products; Marketing, Workflow Tools; JP's Earnings, and the MBA's Take on 2020's Profits


MLO Jobs; Risk Reduction Products; Marketing, Workflow Tools; JP s Earnings, and the MBA s Take on 2020 s Profits
Apr 14 2021, 8:08AM
I wear a stethoscope so that in a medical emergency I can teach people a valuable lesson about assumptions.” People shouldn’t assume that all offices are made equal. People in our biz shouldn’t assume that “all lenders are the same.” Jim Cameron from the STRATMOR Group has noticed a difference between depository banks and independent mortgage banks. Namely, banks are not only awash in cash, which will help them with HELOCs and other portfolio products, but appear to have larger pipelines heading into this slowdown in volume/reduction in margin. IMB’s mindsets are on cutting overtime, watching expenses. One CEO even told me about a small “RIF” (reduction in force) for his company in the coming weeks. Even though the pandemic is still in the headlines, 2020 performance is in the rearview mirror, whi ....

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Sprout Streamlines Premier Jumbo Full Doc Program


Sprout Streamlines Premier Jumbo Full Doc Program
New AUS Express Feature Allows Easy, Quick Approvals and Avoids Tedious Appendix Q
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EAST MEADOW, N.Y., March 16, 2021 /PRNewswire/  Sprout Mortgage, the leading nationwide force in non-QM residential lending, today announced a further effort to make its Premier Jumbo Full Doc program the simplest prime jumbo program in the mortgage industry.
Starting March 18 and available for jumbo residential applications loans begun anytime in March, Sprout s new
Automated Underwriting System Express (AUS Express) feature will provide a streamlined employment and income documentation approach for its Premier Jumbo Full Doc Program.    ....

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Sprout Streamlines Premier Jumbo Full Doc Program