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MLO Jobs; Broker, Underwriting, Non-QM, Processing Tools; Does the Fed Expect a Fast, Hot Recovery?


MLO Jobs; Broker, Underwriting, Non-QM, Processing Tools; Does the Fed Expect a Fast, Hot Recovery?
Mar 17 2021, 8:40AM
Many years ago I asked my father about why we didn’t have a home gym. He replied, “Want exercise? Jog to the liquor store and get me a beer, then do a 100 pushups, and we’ll talk about it.” Okay, he didn’t really say that, but up until recently, health and wellness factors in housing were way down the priority list for builders. That has changed for new construction. But there is plenty of old construction around, as evidenced by, in 2020, sales of previously owned U.S. homes surged to their highest level in 14 years, and many economists forecast sales to rise again this year. And in general there are millions of more home buyers every year as people in their late 20s and 30s hit their home buying stride with lots of ducats in their pockets, wondering if the new Administration will put forth tax credits but confronted ....

United States , Freddie Mac , Mark Grier , Todd Bookspan , Coviu Docdata , Laura Brandao , Jonathan Kunkle , James Hooper , Fannie Freddie , Eileen Mirabal , Victor Ortega , James Clark , Paul Jones , Patrick Mullen , Dave Savage , Delfino Aguilar , Brian Mitchell , Dan Sogorka , Scott Greenlaw , Kind Movement , First Equity Mortgage Bankers Inc , First Guaranty Mortgage Corporation , Market Committee , Our Community Mortgage Program , University Lending Group , Sun West Mortgage Company Inc ,

New products, Fee Collection, Sales, VOE Tools; Events and Webinars: All This Week!


New products, Fee Collection, Sales, VOE Tools; Events and Webinars: All This Week!
Mar 2 2021, 7:10AM
As a kid, magic tricks are amazing because we think there is magic. As an adult, magics tricks are amazing because we know there is no magic. Lenders know that financing a home is not magic, done through sleight of hand. Quite the opposite. Getting a mortgage while you’re grabbing a cup of coffee is misleading, and MLOs bear the brunt of educating borrowers how much arduous work it takes to satisfy them. STRATMOR Group and CFI Group released annual report findings this week for their MortgageSAT Customer Experience Program. The industry’s largest benchmark, based on more than 263,000 surveys in 2020, showed wide swings in customer sentiment over the past twelve months due to pandemic-related factors like capacity strain, extended cycle times, fulfillment burnout, new hiring, and widespread adoption of the work-from-home model. For example, ....

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