Business Insurance Loan Officers Training 
Housing Wire
JUNE 17, 2022
Do loan officers need more technology than they currently have? Most loan officers do not believe they need more tech than they have now. Most loan officers do not believe they need more tech than they have now. The absolute truth is they don’t use much now at all and not because business is slow.
Housing Wire
MAY 25, 2023
[They likely] would feel much more confident that they can keep a significant amount of the proceeds from their departure home and not have to make monthly mortgage payments, provided they continue to pay their taxes and insurance and maintain the home,” said Rob Cooper, National Purchase and Builders Sales Leader for Longbridge. “If
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Housing Wire
JANUARY 17, 2024
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. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).
Housing Wire
NOVEMBER 10, 2022
“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. Ranked as the 18th largest mortgage originator, it originated $24.4
Housing Wire
APRIL 19, 2022
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. Federal regulations mandate that nonbank LOs take training prior to being certified. Regulations to oversee them all.
Housing Wire
JUNE 6, 2022
Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. The bank’s revenues in the home lending business totaled $1.5 But without reliable access to purchase business, conditions look bleak for Better.
Housing Wire
MARCH 4, 2021
They’ll also be measuring new legislation/regulation and possibly greater enforcement by various state departments of insurance, state bar associations and more. Third, are there documented training and self-enforcement mechanisms in place? Nonetheless, short-arming your compliance program can, in the extreme, cost you your business.
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