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Jonathan Scarpati joins NRMLA board of directors

Jonathan Scarpati joins NRMLA board of directors
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United-states , Texas , America , Steve-irwin , Jonathan-scarpati , Kristen-sieffert , Scott-norman , National-reverse-mortgage-lenders-association , Senior-lending-network , Texas-mortgage-bankers-association , Urban-financial , America-reverse

InterLinc Mortgage Welcomes New COO

InterLinc Mortgage Welcomes New COO
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Austin-area homeowners should expect lower property tax bills, county office says

Austin-area homeowners should expect lower property tax bills, county office says
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Travis-county , Texas , United-states , Texans , Rich-johnson , Bruce-elfant , Josh-hostetler , Michael-minasi , John-fleming , Insurance-council-of-texas , Texas-mortgage-bankers-association , South-austin

Austin Is The New Austin

Austin Is The New Austin
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Prospecting, Processing, Closing Tools; Primer on the Expenses of Hedging Long-Term Locks

I knew it was going to be a rough morning today when my alarm went off and I found my cat Myrtle staring at the computer screen watching Social D’s “Don’t Drag Me Down.” (Excuse the language.) There was this email: “Rob, I’m thinking about leaving my company because it doesn’t offer 180- or 270-day rate locks. What do you think? We have trouble competing even with shorter term pricing. My current employer is allowing me to lock in a 60-day rate at 1 percent higher than the 10-day lock price, but my competition has stronger pricing than ours, and a few of the banks trounce everyone’s pricing.” 270-day rate locks? The longer the lock, the greater the risk. I am going to simplify this a little, but they’re light a light switch: figure either 0 percent will fund at that price, or 100 percent. Think of the lenders that offered that program at the beginning of 2020: none of those loans closed at those rates. Think of the lenders that offered that program at the beginning of 2022: every one of those loans will close at those rates. (More on long-term locks in the capital markets section.) (Today’s audio version of the commentary is available here and this week’s is sponsored by SimpleNexus, an nCino company and award-winning developer of mobile-first technology for the modern mortgage lender. Interview with Jon Irvine, Chief Product Officer at Change Home Mortgage, on how relationships go a long way when it comes to treating brokers & borrowers the right way.) Lender and Broker Products and Services

New-york , United-states , California , Freddie-mac , Andrea-easter , Ricky-bobby , Formfree-christy-moss , Dan-holtz , Las-vegas , Jeff-schaefer , Alex-kutsishin , Ken-perry

Non-QM Lender Deephaven Hires Business Development VP

Non-QM lender Deephaven Mortgage said today that it has hired Timothy (Tim) Fisher as its vice president, business development. Based in Dallas, Fisher is charged with growing Deephaven’s correspondent book of business in Texas and surrounding states.

Baylor-university , Texas , United-states , Dallas , John-keratsis , Timothy-tim-fisher , Arch-mortgage-insurance-co , Texas-mortgage-bankers-association , Deephaven-mortgage , Promise-house ,

Ops, MLO Jobs; Wholesale Products; Sales, CRM Products; Disaster Updates; Upcoming Training and Events

Ops, MLO Jobs; Wholesale Products; Sales, CRM Products; Disaster Updates; Upcoming Training and Events
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