Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

How to increase minority homeownership?

Today’s HousingWire Daily features a roundtable discussion from HousingWire’s Lunch & Learn series that looks at “Unpacking the lender’s vital role in increasing minority homeownership.”

Politics & MoneyMortgage

How a noncompete ban would impact the mortgage industry

Sources said that mortgage workers that do sign noncompetes are limited in where they work for numerous years

HW+ lawsuit

On July 9, President Joe Biden ordered the Federal Trade Commission to fully ban or limit an employer’s use of noncompetes. If such a rule is implemented, industry veterans and labor attorneys say it could change how the mortgage industry recruits and retains talent over the next decade and beyond.

Should the Biden administration make good on its threat, some loan officers, account executives and marketing personnel bound by such agreements would be able to switch jobs without fear of potential litigation from their employer.

The general gist is that the impact of a rule banning noncompetes would be marginal, mainly felt by non-originators, who are more likely to be bound by a noncompete agreement, attorneys and lending executives said.

Noncompetes rarely target loan originators, though there are instances in which an LO signs a noncompete with compensation tied to it, said Kevin Peranio, chief lending officer at PRMG.

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