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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 365
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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.

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Fintech Maxwell launches POS feature that offers tailored workflows for lenders

Housing Wire

With Blueprint Builder, triggers and business rules can be configured to align the borrower experience to operations processes (such as credit score-based rules), and to support multiple business units or channels, including retail, direct-to-consumer and wholesale.

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Endpoint launches scalable title features for proptech integration

Housing Wire

First American Financial Corporation ’s digital closing platform firm Endpoint is now offering a suite of integrated title tools specifically designed for proptech companies, investors and tech-forward real estate organizations looking for a scalable digital closing platform. Presented by: Rently.

Investors 320
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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire. “I was told by the recruiter this division – Rocket retail started a year ago.

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STG Mortgage implements OptifiNow’s TPO CRM solution

Housing Wire

” OptifiNow TPO is the first CRM designed specifically for wholesale mortgage lenders and is used by many lenders nationwide. The CRM platform is designed to be implemented quickly and provide out-of-the-box functionality that only wholesale lenders can appreciate.

Mortgage 259
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Financial wellness resources offered to NAR members through partnership with Morgan Stanley

Housing Wire

According to NAR, this guidance will be uniquely designed to fit the needs of individual Realtors. “But while we work tirelessly on our clients’ behalf each day, it is also critical for every Realtor to take steps to secure their own financial future.”

Realtors 359