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More than ever, lender profitability requires maintaining pace with innovation

Housing Wire

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. Rob Peterson: Most segments of the economy have effectively adopted technology to reduce their costs. Louis computes a 34.7%

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Interfirst to lay off 140 employees

Housing Wire

The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. Presented by: Acra Lending. In 2012, the historically low interest rates led to a boom in refinances, and the lender grew to $14.5 The workforce reduction is also focused on mortgage loan production.

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How lenders can navigate a shifting market with non-QM loan options

Housing Wire

HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. Yes, we offer training and webinars. The technology is excellent and has significantly streamlined our communications and processing. Especially at the beginning.

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Opinion: When it comes to default and REO, what you don’t know will hurt you

Housing Wire

The mortgage lending industry exists to make home loans, not to repossess them. A 2012 Gallup Poll asserted that 58% of Americans preferred that the federal government take additional action to prevent foreclosures. More importantly, technology is the ultimate fulcrum for “right-sizing” staffing levels. Nor should it be.

Legal 407
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

In 2012, Dmitry Godin was seemingly on top of the world. The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5

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With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

The program is available to a wide range of homeowners, with lending limits as high as $4 million*. For lenders unfamiliar with reverse mortgage products, RMF makes it easy to get into the business with its technology platform, training, marketing assistance and industry-leading support.

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

” Other popular answers included, ‘implementing buyer representation agreements,” “full disclosure of client options,” and “more training on our value proposition.” “You must train all of your agents as to how you’re going to get compensated,” said Murray. in California.