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The fight to standardize educational training for LOs

Housing Wire

Federal regulations mandate that nonbank LOs take training prior to being certified. The Office of the Comptroller of the Currency (OCC), the Federal Reserve System , and the Federal Deposit Insurance Corporation (FDIC) oversee and regulate the activities of banks. Learning materials up to par? HMDA, Fair Lending etc.,”

Training 344
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How to empower your team to spot cybersecurity risks

Housing Wire

To ensure the safety of your digital assets and sensitive information, it’s important to make sure all users are well-informed about cybersecurity and receive periodic training. To reduce risks , we’ll explore why empowering your team through education and training is essential to mitigate risks and keep your business secure.

Training 425
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Flagstar to pay $3.6M over flood insurance violations

Housing Wire

The consent order states that between a three-year period – from February 2017 through February 2020 – the bank’s risk assessment, internal controls, and training led to various violations. NYCB had essentially exited the residential mortgage banking business in 2017 after selling its origination and servicing platforms.

Insurance 316
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As title insurance volume shrinks, workers take on more tasks

Housing Wire

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. One of the things that we are currently working on is a new consumer facing website that is focused solely on bringing talent into the title insurance field.”.

Insurance 367
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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. The inventory puts a cap on how much business we can do. They are staying busy relative to the market,” said Michael Ullmann, producing branch leader at Movement Mortgage.

Business 408
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White label title insurer Proliant adds another franchise

Housing Wire

White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. It also provides IT infrastructure experts, back-office support, and training for the franchisee. It also operates in Florida. Presented by: Altisource.

Insurance 248
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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

Alipour gushed about Redfin’s training program, and she accessed maternity leave benefits other agents lack. And so, because of that, we had to make our agents independent contractors and terminate their pension plan and health insurance.”. They provided me training, and marketing, and covered mileage.”. Trust the process.

Business 364