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NEXA Mortgage sued over broker’s alleged data theft

Housing Wire

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. At the end of 2018, the brokerage had 42 loan officers. 2013 and February 2019. Presented by: FundingShield.

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How ChatGPT can help you work more efficiently and generate more leads

Housing Wire

No downloading of software or an app is required. ChatGPT for lenders Several use cases exist for mortgage companies and loan officers to use ChatGPT and AI. Download the free ebook “ChatGPT For Lenders” on www.ChatGPTForLenders.com OpenAI also has a paid, premium version called ChatGPT Plus that costs $20 per month.

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loanDepot notches partial win in scrap with CrossCountry

Housing Wire

In July 2022, loanDepot sued the rival again for allegedly poaching high-performing loan officers from its New York branches. Guild Mortgage and Caliber Home Loans have both sued CrossCountry on similar grounds. billion in business.

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Credit Plus integrates with LendingWise

Housing Wire

Holmes said the new integration enables commercial and private money loan officers using LendingWise to streamline their processes and obtain a business owner’s credit report from Credit Plus – without leaving the LendingWise platform. Case Study: How One Lender Increased Efficiency and Client Satisfaction.

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How LOs, mortgage execs are preparing for 2024

Housing Wire

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. If they want to know what’s going on with rates, their loan, AI can give them an answer.

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5 Ways to Help First-Time Homebuyers

McKissock

They are honest about what the client can afford, and they are willing to go to bat for them. A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. Avoid Pitfalls.

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Understand home equity lending and how lenders can acquire home equity customers

Clear Capital

Home equity lenders provide an option for their clients to convert their growing equity back into debt for cash. However, lending-grade AVMs are more reliable and will give potential borrowers a better, more realistic idea of the value of their home and what type of home equity loan may be best for them.

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