Items Tagged with 'Loan officer'

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[Factsheet] How much $$$ do mortgage banks make?

An overview of the past two years
Mortgage brokers eagerly welcomed a bigger paycheck at the start of this year after the end of 2015 significantly shorted the income of many in the business. To show exactly how mortgage banker profit has changed, this week's factsheet shows mortgage banker profit over the course of the past two years, using data from the Mortgage Bankers Association’s Quarterly Performance Report.
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House passes sweeping change to loan originator licensing rules

SAFE Transitional Licensing Act of 2015 moves to Senate
The House of Representatives just passed a bill that could create a huge impact on the mortgage industry, as mortgage loan officers may soon be able to transition from a traditional bank to a nonbank and keep originating new mortgage loans without having to wait for a new license. Now, it's on to the Senate for the SAFE Transitional Licensing Act of 2015.
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Upcoming loan officers ready for the market?

Only 20% speak a second language
As many loan officers prepare for retirement, the market struggles to find their replacement, and those that are coming in may not be prepared for today’s market. With only 20% of them reporting that they speak another language, this could become a barrier for the diverse new home-buying population.
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W.J. Bradley Mortgage Capital permanently closes down

Employees told new work will go unpaid
In a memo obtained by Rob Chrisman, employees were told, "unless otherwise informed, any work time invested on March 14, 2016 or beyond will be unpaid." However, less than two years ago, W.J. Bradley's mortgage ops were bullish. So what happened?
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4 ways to improve loan officer and real estate agent relationships

Here’s how to make your relationships thrive
Loan officers and real estate agents need each other to thrive in their respective businesses. To help loan officers figure out how to best cultivate this relationship, MGIC teamed up with Bill Gassett, a real estate agent based in Massachusett, to create a list of ways loan officer can work better with real estate agents.
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3 tips to recruiting Millennial loan officers

How to reverse the aging mortgage industry
There is a drought in the market when it comes to recruiting Millennial loan officers. In an interview with HousingWire, Casey Cunningham CEO at XINNIX, explained how to show the next generation the way into the mortgage industry.
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