Items Tagged with 'LendingLife'

ARTICLES

  • 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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  • UWM’s Mat Ishbia: New mortgage insurance pricing is a selling point for Loan Originators

    Gone are the days where mortgage insurance companies offered one-size-fits-all rates
    If a loan originator works at a retail lender that only aligns itself with one specific mortgage insurance company, he or she may have to charge more from borrowers that have a higher DTI, or charge more if there is only one borrower on a loan instead of two.
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  • Tip for mortgage lenders and compliance officers: A weaker CFPB means stronger state regs

    What can lenders learn from recent AG settlements in Massachusetts and California? 
    [Op-ed] Perhaps no one rejoiced more than mortgage compliance officers at the change in leadership and tone (no more “regulation by enforcement”) at the CFPB. However, before you break out the Champagne, consider that regulators in trend-setting states like California, New York, and others now see a need to ramp up efforts to fill a perceived gap.
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  • Fannie Mae CEO to mortgage lenders: Day 1 Certainty makes you more competitive

    Is this our benchmark for efficiency?
    This morning following the Fannie Mae first quarter results, CEO Timothy Mayopoulos provided an update on the program’s progress for mortgage lenders. “When we launched Day 1 Certainty, we viewed it as a journey,” he told HousingWire’s LendingLife community this morning, “We didn’t expect [it] to become universally adopted, but rather adopted overtime.”
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  • Here's where to find some good news for mortgage lenders

    Refis down, mortgage profits down, true, but desire to buy homes is still growing
    Looking for some good lending news during a downturn? LendingLife has your back. Yes, it is true that rates are rising, per loan profits are down, credit feels tight and refinances are dipping. But, the good news is that the perception of homeownership as a good investment is on the rise. And that's not the only good news for lenders right now.
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  • Bank of America’s problem with loan officers (and vice versa)

    Toxic work culture is not the bank's only mortgage troubles
    So BofA is still doing mortgages, just the way in which they’re now categorized is “immaterial”? Such language comes as no surprise to loan officers. It didn’t take me long to find one who has a problem with Bank of America. In a message on LinkedIn, the LO tells me that, as a loan officer who has been on both sides — wholesale and retail — she’s never had a good experience with Bank of America. Here's why.
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  • Trend spotting: Appraisers take issue with Fannie Mae's Collateral Underwriter

    Still several mortgage lender benefits to using this tool
    [Op-ed] Is it fair to have 10 different appraiser's reports on a property and then for the lender to use that knowledge against an individual appraiser and question their ability to provide an accurate report? Appraisers seem to think it is unfair or perhaps altogether irrelevant. As an underwriter, here's one trend I'm seeing.
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  • Closing condos under litigation: Fannie Mae now gives lenders a way out

    Loan Officers: Lend with confidence!
    Fannie Mae finally updated their litigation requirements on condominium projects! The guidelines now allow the lender more flexibility to determine, with confidence, whether litigation is minor or major, what is considered minor, and provide a way for lenders to warrant the project despite the litigation. Here's how.
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