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Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. Buzz : Why do AMCs need the training?

Training 366
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DataDigest: Study shows agents are aplenty, most with few or no sales

Housing Wire

A 2015 NAR study noted that becoming a licensed agent takes on average 70 hours, which is 302 hours less than it takes to become a cosmetologist. Companies do this due to high turnover rates and to bring in new clients who come with new agents, the study argues. On this, NAR has previously reached the same conclusion.

Agents 413
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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

Kang, an LO who worked at Wells Fargo between 2000 and 2015, alleged that the bank paid advances on commissions at a rate of $12 per hour but then clawed it back. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation. A settlement with the U.S.

Legal 462
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Fairway delivers service dogs to veterans?

Housing Wire

Fairway founded AWI in 2015 and underwrites all expenses of the nonprofit, with Fairway employees donating millions of dollars to the non-profit over the years. When I began to originate loans for active-duty military clients in Leesville, La., And a tragic fact is that suicide rates increased for veterans in 2020.

Training 291
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UWM sues two more broker shops for working with Rocket & Fairway

Housing Wire

Meanwhile, Mid Valley Funding, which started doing business with UWM in June 2015, sent at least 62 mortgages to Rocket and Fairway, the lawsuit claims. UWM claims in the lawsuit that it provides brokers “considerable resources” to grow their businesses, such as technology, marketing materials, compliance support and training.

Contracts 367
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. They were trying to capitalize on the refinance boom,” said Cullen Gandy, a classically trained opera singer who had been hired as an LO at Interfirst and left in July. “I

Mortgage 339
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Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President

Lamacchia Realty

To learn more about Amy, click HERE Her history of service includes: STATE ASSOCIATION MAR EXECUTIVE COMMITTEE: 2016, 2017, 2018, 2020, 2021, 2022 MAR DIRECTOR AT LARGE: 2018, 2019, 2020 NORTHERN REGION VICE PRESIDENT: 2016, 2017, 2022 MAR GOVERNMENT AFFAIRS COMMITTEE: 2018 (Vice Chair), 2019 & 2020 (Chair), 2021 MAR FINANCE COMMITTEE: 2020, 2022 (..)