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Portfolio ARM; Market Intelligence, VOE Tools; Bank of England & RESPA; CFPB Ruling Interview mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.
Summit Funding Appoints Non-QM Leader nationalmortgageprofessional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgageprofessional.com Daily Mail and Mail on Sunday newspapers.
“Sometimes it takes me all day to get nothing done.” But things are always changing. When I was a kid I “got a drink of water.” Now kids “hydrate.” Really? A few years ago, a good originator could do 10-20 loans per month. Now, it is rumored that 80 percent of volume is being done by 40 percent of originators, and lenders have instituted minimum production numbers: “If you’re not funding 2 loans per month, we’re going to let you find success elsewhere.” Diving into 2023’s production via NMLS looking at 234,000 records, Ingenious found that only 24 percent of originators did 24 units or more! 30 percent did 18 or more units, 40 percent did 12 or more units, and 60 percent did 5 or more units. Has the “norm” changed? Certainly a portion of marketing has shifted to people under the age of 40s, and Mortgages with Millennials with Kristin Messerli and Robbie Chrisman talking about Overlooked Strategies to Win with Millennials tomorrow at 1PM ET. Today’s podcast can be found here and this week’s is sponsored by Calque. With The Trade-In Mortgage powered by Calque, lenders help their clients negotiate a lower purchase price, reduce their interest payments, and eliminate PMI. Hear an interview with Truv’s Richard Grieser on the latest verification solutions and how lenders can combat fraud. Lender and Broker Software, Products, and Services Introducing The 2024 Lender Playbook: 4 Tips to Drive Profitability in a Recovering Market. How will the coming election, housing inventory, and Fed action impact the mortgage market (and your lending success) this year? There’s a lot going on in 2024, and market recovery won’t be straightforward. The good news? You can still build a strong, forward-thinking plan for resilience and profitability. Tenured industry experts from Maxwell’s senior team helped create this guide to teach you how to reduce costs, win borrower business, and capture intermittent loan volume as it reemerges in the market. To get a leg up on the competition and build agility into your business, click here to download The 2024 Lender Playbook: 4 Tips to Drive Profitability in a Recovering Market.
If olive oil is made from olives, what is baby oil made from? The regulatory framework, some would say “tangled web,” facing lenders is made from hundreds of federal, state, state, local, and quasi-governmental bodies. Analogies aside, near the top of the heap is the Consumer Finance Protection Bureau. The CFPB makes its priorities known and is concerned with redlining among other things. The CFPB can’t do anything about rising credit score costs, but for some reason people think it can. On Wednesday at 2PM ET, 9AM HT, the CFPB’s Mark McArdle will be educating us in a session sponsored by L1. (If you have questions you’d like asked, submit them to Robbie Chrisman.) The show will not be recorded, so tune in. Today’s podcast can be found here, and this week’s is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology and other services to the mortgage industry for almost four decades. Today’s has an interview with Change Wholesale’s Jeff Seabold on how lenders in the non-QM space plan to navigate amid higher interest rates, a growing affordability crisis, and other macroeconomic headwinds. Lender and Broker Products, Programs, and Services Popular history tells us the U.S. gold craze began with the rush of 1849 in California, but the first documented gold finding in America actually occurred half a century earlier in North Carolina. In 1799, 12-year-old Conrad Reed found a 17-pound nugget of pure gold while fishing in a creek just outside of Charlotte. Another golden opportunity awaits mortgage lenders in Charlotte this spring, as nCino is seeking speaking proposals for its nSight 2024 conference taking place May 14–16. If you're an nCino Mortgage customer interested in sharing a success story or industry perspective, submit a speaking proposal by December 15. The final speakers selected receive free nSight registration!
“This commentary is only available while supplies last!” In the fall of 1621, the Pilgrims, working hard in Plymouth Colony after coming to North America with limited supplies in 1620, held a three-day feast to celebrate a bountiful harvest: the nation's first Thanksgiving. No football was involved. (During the Lincoln Administration it became a national holiday in 1863 to be observed on the fourth Thursday of November.) 300 miles to the southwest, New Jersey has spent $2.6 billion replenishing the Jersey Shore with sand since 1922 and given the inexorable march of climate change fueling beach erosion, the fear is that not even that will be enough to keep the beach alive. Per foot of shoreline, Jersey has been one of the most aggressive when it comes to shoring up the beach. There are other ways to stabilize the shoreline, like facilitating vegetation and building out hard structures like jetties and t-groins, but those haven't seen anywhere near the investment that "just throw some more sand on it" has. (Today’s podcast can be found here, 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. Lender and Broker Software, Products, and Services To help lenders succeed in an ever-shifting financial market, ICE has developed the Surefire CRM and Mortgage Marketing Engine’s Blueprints for Success: plug-and-play marketing journeys that help mortgage lenders quickly unlock results for more than a dozen common business cases. Serving lenders of all types across many market cycles has given Surefire a wealth of data on what works best and when. These insights have been codified in Blueprints for Success, giving lenders the advantage of decades of mortgage marketing research paired with award-winning content. To discover how Surefire can help accelerate your path to profitability by engaging leads, improving pull-through and fostering repeat business, schedule a demo with the ICE team today.
Citi Now Connected To Versana Digital Data Platform, Enabling Syndicated Loans In Real-Time crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
Utkarsh Small Finance Bank Leads the Way with Interoperable Cardless Cash Withdrawal (ICCW) Using UPI on ATMs aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.