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FHFA: GSE servicers must keep fair lending data

Housing Wire

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. Presented by: Selene Finance. That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits.

Lending 384
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Why non-QM lending is not going away

Housing Wire

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. We have trained originators on non-QM while they closed their first non-QM loan. JJ: As I have mentioned, our training that we offer could be very beneficial.

Lending 384
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Here’s how a mortgage coaching platform wants to carve out a niche in a competitive market

Housing Wire

Braheem, former co-founder of Loan Toolbox — an online resource for training, tools, support and coaching — launched The Loan Atlas, a mortgage coaching platform, earlier this year with mortgage executives and top loan officers joining as faculty members.

Mortgage 410
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Expert Insights: Paul Gigliotti, President, AXIS Lending Academy

Appraisal Buzz

As organizations scrambled to meet the demands presented by the marketplace over the past year, AXIS Lending Academy opened its doors to provide training for those interested in a career in the mortgage profession. . The post Expert Insights: Paul Gigliotti, President, AXIS Lending Academy appeared first on theMReport.com.

Lending 195
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10 Types of Non-Lending Appraisal Work to Pursue this Year

McKissock

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below.

Lending 99
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What’s in store for non-QM in 2024?

Housing Wire

There is also growing demand for non-QM products from a banking sector that is taking note, presenting new opportunities where some banks see the need to sell loans they would traditionally hold as portfolio products. The high interest rate environment has created a situation with more brokers wanting training to become experts in non-QM.

Investors 450
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Former employees sue Rocket for unpaid overtime wages

Housing Wire

Defendants also said they had to attend mandatory training and tests without compensation. A spokesperson for Rocket said the company “will vigorously defend the reputation we have built by doing the right thing for our team members and we are confident we will be vindicated from the false allegations once the facts of the case are presented.”

Training 370