Items Tagged with 'Mortgage Brokers'

ARTICLES

  • Even with high expectations for digital, homebuyers want a human touch

    Partnering with an independent mortgage broker delivers the expertise buyers are looking for
    Real estate agents provide the high-touch experience buyers need to navigate finding a home and negotiating the final price. By partnering with an independent mortgage broker, agents can give their buyers access to that same kind of personalized service to secure a loan.
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  • From HW Magazine

    Quicken Loans enhances the broker experience

    QLMS's Power MI saves clients nearly $5,000
    Mortgage brokers have a lot at stake when they choose which lender to work with. We sat down with David Schroeder, Quicken Loans Mortgage Services (QLMS) Senior Vice President, to talk about the experience brokers receive by partnering with QLMS.
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  • Home Point Financial acquires Platinum Mortgage’s wholesale division

    Growth continues for Home Point
    The last few years have been a period of growth for Home Point Financial. It began back in early 2015, when Home Point announced the acquisition of Maverick Funding, with Maverick’s business becoming Home Point’s initial mortgage banking platform. And it appears Home Point has no plans to slow down.
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  • Plaza Home Mortgage expands non-QM lending for mortgage brokers

    Now offers “flexible income documentation” requirements
    Mortgage brokers and correspondent lenders now have expanded options when it comes to lending to borrowers who don’t fit into the Qualified Mortgage box. Plaza Home Mortgage announced this week that it is rolling out an expanded non-QM lending program to “allow brokers and correspondent lenders to qualify more non-traditional borrowers.”
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  • Battle erupts over allegations that retail lenders are overcharging veterans for mortgages

    AIME's Anthony Casa accuses Fairway, Quicken, others; Fairway fires back
    For approximately 18 months, HUD, Ginnie Mae, and the VA have been looking into whether certain lenders are aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages. And now, retail mortgage lenders are facing new accusations that they are overcharging veterans on VA loans. But these accusations aren't coming from the government. Rather, this is some rather nasty mortgage industry in-fighting.
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  • NAMB blasts MBA-backed push for changes to LO compensation rules

    Mortgage broker group tells CFPB that proposal is “completely unacceptable”
    Last year, nearly 250 senior executives at some of the nation’s largest mortgage companies asked the Consumer Financial Protection Bureau to change the Loan Originator Compensation rule, which governs how much loan originators are paid. The lenders asked the CFPB to allow LOs to voluntarily reduce their compensation to allow them to compete in the market. Now, that group has a rather vocal opponent stating that those proposed changes are a “completely unacceptable” idea.
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  • AIME’s Anthony Casa: Nothing personal against retail loan originators

    What's important is what's best for consumers
    When I speak out against the retail channel, my intention is just that — to attack the retail business model. I strongly believe the independent mortgage channel is more than the best option for consumers — it’s the best option for loan originators, as well. I think the retail mortgage banking model is broken and quickly fading, as giant banks and retail lenders concern themselves more with profit margin than with client service.
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  • Provident Financial abandons mortgage banking

    Plans to layoff 122 staffers in the coming months
    In a released statement the firm said challenging economic and operating conditions made it difficult to make a profit in home loan originations. The company's CEO also cited "required investments in expensive technology" as another reason.
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