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Mortgage Educators and Compliance acquired by 360training

Housing Wire

360), an online regulated training provider, acquired Mortgage Educators and Compliance (MEC), a mortgage lending training company, both companies announced this week. Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in online mortgage and financial services professional development.

Training 349
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Joseph Ribeiro Joins the Business Development Team

Lamacchia Realty

After spending nearly a year as a REALTORĀ® with Lamacchia Realty, Joseph Ribeiro has made the exciting jump to the Business Development team. With his wealth of industry experience and commitment to communication, dedication, and transparency, Joseph is a perfect addition to the Business Development team!

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Chris Rochon Joins Business Development Team

Lamacchia Realty

After spending over a year as a REALTOR with Lamacchia Realty, Chris Rochon has made the exciting jump to the Business Development team. John Millen Director of Business Development Early on with his time at Lamacchia Realty, Chris was drawn to working with the Business Development team. Welcome Chris!ā€

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). For real estate professionals, this option presents an opportunity to capture more sales. Yet staggeringly few are aware of its existence. What is reverse purchase financing?

Finance 418
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Rechat CEO Shayan Hamidi on keeping up with the furious pace of AI

Housing Wire

This is from 2009 ā€” I opened up a high-tech real estate brokerage with actual agents, working through transactions day in day out and really understanding what processes look like. What they end up doing is having a selection of tools, but itā€™s highly fragmented. So I got into the real estate business from then on.

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Shoring up the mortgage underwriter shortfall

Housing Wire

One solution advanced is to simply develop and recruit more underwriters for the private-label market. Weā€™ll still have to train them to do secondary market due-diligence versus what origination underwriting is, but it is certainly a benefit If that happens.ā€.

Mortgage 329
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What role can mortgage brokers play in fair housing?

Housing Wire

It reminds me of the early 2000s, when the focus was growth and anyone who had a heartbeat could become a broker, whether they had proper training or not. There is a lack of financial literacy in schools and in many communities, and we want to help provide the tools people need to understand home buying and what that process looks like.

Mortgage 449