Remove 2009 Remove Loan Officers Remove Mortgage Remove Training
article thumbnail

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. MEC prides itself as a “one-stop online resource for all things mortgage training and education.” 360training.com, Inc.

Training 352
article thumbnail

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

Housing Wire

They own the home with their name on the title, as with any mortgage, traditional or reverse. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance 421
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How JVM Lending plans to expand without any loan originators

Housing Wire

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 362
article thumbnail

Understanding the Role of an Appraisal Management Company

AmeriMac

One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009. The Appraisal Process Explained The appraisal process is a crucial step in determining the value of a property for various purposes, including mortgage lending.

article thumbnail

What role can mortgage brokers play in fair housing?

Housing Wire

The National Association of Mortgage Brokers inaugurated Kimber White as its new president during the virtual NAMB National 2020 conference. White is a partner at RE Financial Service and has been an active member of the mortgage industry for more than 30 years. HousingWire: What’s the biggest challenge for mortgage brokers right now?

Mortgage 449