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What MBA’s forecast means for mortgage originators

Housing Wire

history next to 2003. Here are some expectations and recommendations: First , the refi/purchase mix should be carefully evaluated down to the loan officer level. The analysis may expose training needs for respective production teams. But training and trainers must have content. Here are three key takeaways: 1.

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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. billion in mortgages in 2021.

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Exclusive: CrossCountry Mortgage CEO Ron Leonhardt talks AmCap acquisition, future targets

Housing Wire

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers while CCM had over 4,000.

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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. KW: NAMB has been actively advocating for mortgage brokers since 2003. That mentality is going to backfire on us. What are some of the issues you’ve been working on in D.C.?

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