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Sprout Mortgage taps Wells Fargo veteran to lead retail

Housing Wire

Non-QM lender Sprout Mortgage is setting up a distributed retail operation, and it’s picked a veteran of Wells Fargo to lead the new division. Sprout hired former Wells Fargo executive Michael Johnson to expand Sprout’s consumer and retail sales channel, the company said Tuesday.

Retail 384
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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. Because it’s not true.”

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How Digital Forms Can Help Your Small Business

GoForrmz

GoFormz offers many ready-to-use forms, like the client intake form , and makes it easy to create your own. ” — Lisa Dunn, Office Manager, Doré Designs Learn how Doré Designs uses GoFormz to reduce their paperwork and improve customer service. But reaching effective communication is not always easy.

Business 148
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Why 2021 is a Good Time to Start an Appraisal Business and How to Do It

Real Quantum

Bloomberg reports that many commercial properties won’t be able to bounce back until 2022 — particularly, hotels, offices, and retail properties. Handle the legalities. Whether you’re starting a company from scratch or purchasing an existing one, you’ll need to undergo legal processes to ensure that the business is under your name.

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USPAP Myths for Appraisers

Appraisal Today

– Work on getting a more positive attitude toward your clients, fees, etc. Pick one client to start with. You’ll learn key ways to work on eliminating bias and reduce your legal risk. But the speaker can tell us about the legal side, such as “bad” allegedly biased appraisers in the news. Set the date(s).

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Practical Tips for Working With AMCs

Appraisal Today

They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). It can help you get more business from AMCs (and other lender clients). Appraiser list Internet, referral, previous client.

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Fannie Mae: No Appraisals Required? 3-10-23

Appraisal Today

But how do you contact potential clients and referral sources? The AMC insists that as long as I disclose in the addendum that the zoning is currently ‘illegal,’ then I can mark on the first page as ‘Legal.’” Then forward that answer on to the client/AMC. They want to help veterans and active military, not make more money.