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The fight to standardize educational training for LOs

Housing Wire

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Federal regulations mandate that nonbank LOs take training prior to being certified. Regulations to oversee them all.

Training 335
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Catch the No. 1 purchase mortgage originator on stage at HW Annual 2023

Housing Wire

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? More critical than training on skills is training on having a strong mindset,” said Matt Weaver. During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations.

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UWM gave brokers big discounts to play with. It could be risky

Housing Wire

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.

Lending 335
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WFG reports its highest volume months ever during Q2 and Q3 of 2020

Housing Wire

Patrick Stone was looking both ways when he took steps to launch Williston Fina ncial Group (WFG) in January 2010. “The market remains underserved in the sense that the mortgage lending market has changed so quickly that everyone is still trying to keep up,” Stone said.

Insurance 367