Breaking News
  • Wells Fargo expects to cut as many as 26,500 jobs in the next 3 years

    It’s been a rough few years for Wells Fargo and the next few years won’t be much better, for as many as 26,500 of the bank’s employees. That’s because the bank announced Thursday that it expects to see a reduction in headcount of as much as 10% of the company’s workforce in the next three years. The company currently has approximately 265,000 employees, meaning as many as 26,500 could be out of a job by 2021. Click the headline to read more.

Sam Mischner

Sam Mischner

Sam Mischner is chief revenue officer and head of mortgage in the Charlotte, N.C., office of LendingTree. He can be reached at Sam.Mischner@lendingtree.com.

ARTICLES

  • For loan officers who want steady business in 2018, it’s time to embrace cash-out refinances

    Lenders hoping to boost their refi business this year need to change the way they sell
    Remember when it was easier to sell homeowners on refinances? Mortgage interest rates were low enough that most owners could save money each month with a traditional rate and term refinance. As interest rates have risen, that has changed and lenders hoping to boost their refi business this year need to change the way they sell. Instead of promoting the savings homeowners can get from lower interest rates, they may consider trying a new angle...
    Read More
  • Loan officers should be able to answer this question in 30 seconds or less

    Ask yourself this: Why should borrowers do business with you over the competition?
    [Op-ed] Mortgage loan officers face a challenge this year: With mortgage interest rates on the rise, the pool of eligible rate/term refinance borrowers shrinks. As that side of the business is waning, loan officers must work harder to earn a borrower’s business. So, ask yourself this: Why should borrowers do business with you over the competition?
    Read More