Lending

Movement Mortgage launches innovative technology competition

Competitors could win $25,000
Movement Mortgage launched its inaugural Movement Crowdsource Challenge, a competition to develop a new mobile operating system for loan officers. Ten technology firms will have the opportunity to win $25,000 prize, and a contract to co-develop the solution into a full-scale commercial product.
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5 key tech tools to engage your modern homebuyer

Handy checklist for LOs
[Expert commentary] One in five Millennials use their smartphones exclusively to shop online for all products, not just homes and home loans. It is time for mortgage companies to recognize and update their marketing and customer experience to reach the modern consumer. Here are some valuable tools and strategies to use.
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Trump expected to name permanent CFPB director next week

Here are the top candidates
For the past six months, Consumer Financial Protection Bureau Acting Director Mick Mulvaney has stood at the helm of the bureau, but now that’s about to change. Mulvaney recently explained he was informed by the administration that it plans to nominate a permanent director next week.
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These are the 5 issues impacting real estate right now

And the 5 issues to look out for in the future
The Counselors of Real Estate, an advisory organization that monitors real estate, released its latest report detailing the top 10 issues affecting the real estate industry. This year, the organization divided its annual list to focus on five issues currently impacting the industry and five issues to watch for potential long-term impact over the next three to seven years.
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Fed raises rates for second time in 2018

Here’s what committee projects for remainder of year
The Federal Reserve voted to raise interest rates for the second time in 2018. The FOMC also released its dot-plot chart, showing a glimpse at how many more rate hikes could be expected for the rest of the year and beyond.
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Mick Mulvaney: Changing CFPB’s name sends a message

Changes signs to BCFP at the bureau
The Consumer Financial Protection Bureau, or should we say Bureau of Consumer Financial Protection, took the next step in its name change by putting up "BCFP" signage at the agency’s headquarters. Acting Director Mick Mulvaney explained this name change is a small but visible way to send a message.
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