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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 351
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Risk of mortgage fraud is on the rise in the current market

Housing Wire

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). Million — [Tampa, Florida].

Mortgage 374
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Nicole Beattie will be the next CEO of Amrock

Housing Wire

Amrock , a title insurance, property valuations and settlement services provider that is part of the Rocket Companies family, announced Wednesday that longtime CEO, Brian Hughes will be retiring later this month and Nicole Beattie, the current vice president of mortgage servicing at sister company Rocket Mortgage , will take over.

Valuation 334
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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. The modules cover some mortgage-related topics, but there are also topics that pertain to other facets of working at a bank.

Training 335
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14 powerful tips to master networking as an introvert in real estate

Housing Wire

Finding the most impactful events and groups may require some trial and error, but finding the right places to meet new potential clients and colleagues will be worth the investment. Buddy up with a mortgage lender, insurance rep, or real estate attorney and work the room together. Plan your energy for the day.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes. Send this letter to apartment complexes and past rental clients you’ve worked with.

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Rumors, rumors everywhere, but no Wells Fargo MSR deal — so far

Housing Wire

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. trillion all-agency MSR market, according to mortgage-data analytics firm Recursion. Or it could signal a future MSR-market stampede. of the entire $8.4

Buyers 317