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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Gorman was also questioned about the training materials used at Anywhere Brands.

Training 405
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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

First, more buyers are using agents in 2023 than in 2003. Third, Compass agents have doubled down on training to help them better communicate their value proposition. Second, buyer agreements are not new. Additionally, data from RealTrends shows that the average commission actually rose in 2023 to 5.5%, up from 5.1%

Agents 346
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Joan Trice sells Valuation Expo and Appraisal Buzz newsletter

Housing Wire

Trice, president of Collateral Risk Network (CRN) — a nonprofit group that focuses on valuation, collateral risk, and regulations — will continue to hold its annual meeting in conjunction with Val Expo, which she started in 2003. The expo is scheduled for August 7-9 at the Mirage Hotel in Las Vegas, Nevada.

Valuation 367
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What MBA’s forecast means for mortgage originators

Housing Wire

history next to 2003. The analysis may expose training needs for respective production teams. The good news is that this gives lead time for originators to train and prepare by doing the analytics of their sales teams and establishing a training strategy. But training and trainers must have content.

Mortgage 431
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Collateral Risk Network Names Jeremy Staudenmaier 2022 Valuation Visionary

Appraisal Buzz

While with Fannie Mae, he drove the training and consulting tied to the roll out of Collateral Underwriter and was the collateral policy lead when the GSEs kicked off the UAD and Forms Redesign project. ABOUT The Collateral Risk Network was founded in 2003 by Joan Trice, and established as a non-profit, 501(c)(3) as of January 2020.

Valuation 195
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New American Funding eliminates hundreds of jobs

Housing Wire

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said. Licensed in 49 states across the nation, the lender has 159 active branches nationwide and originated $31.8

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New American Funding, no longer in growth mode, lays off 240

Housing Wire

Founded in 2003 by Rick Arvielo and his wife Patty Arvielo, New American Funding offers a variety of conventional, government, adjustable-rate and non-qualified mortgages. Heavily impacted were mortgage operations positions including loan originators, mortgage underwriters, processors and training specialists.

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