Traditionally, when this market flip occurs, intense pressure is bestowed upon lender sales and marketing teams. Everyone looks for them to become the ‘rainmakers.’ Pressures are often proportionate to the size of the lender, because few big banks invest in local purchase market referral relationships year-round. There is a fresh new approach to supplement the lender playbook, both at the enterprise and loan officer level.
Category: News and Trends
Matt Hansen of SimpleNexus: Rally for RON with MBA
At this year’s National Advocacy Conference, which takes place April 26-27 in Washington D.C., MBA is coordinating with association partners and members to encourage Congress to cosponsor and support the passage of the Securing and Enabling Commerce Using Remote Online Notarization Act (SECURE Notarization Act) of 2021.
MBA Home For All Pledge Partner: FHLBank San Francisco
FHLBank San Francisco is a member-driven cooperative helping local lenders in Arizona, California and Nevada build strong communities, create opportunity and change lives for the better.
Doug Wilber of Denim Social: In Tough Market, Mortgage Lenders Must Compete on Social Media
Mortgage loan officers can no longer rely on bargain rates and that means they need to work harder than ever to best the competition. So how does a loan officer stand out? It’s all about social media.
Initial Claims Hold Near 52-Year Lows; Leading Economic Indicators Improve
Initial claims for unemployment insurance hovered near historic lows last week, the Labor Department reported Thursday. In a separate report, the Conference Board, New York, reported its Leading Economic Index rose in March, the second consecutive monthly improvement.
2021 Average Closing Costs for Purchase Mortgages Up 13.4%
t’s getting more expensive to own a home—and to close on one, too.
International Investors Target Smaller U.S. Cities
International investors feel increasingly optimistic about U.S. commercial real estate, sparking increased interest in secondary and tertiary markets, said the Association of Foreign Investment in Real Estate, Washington, D.C.
Dealmaker: George Smith Partners Secures $67M for Idaho Mixed-Use Project
George Smith Partners, Los Angeles, arranged $67 million, or $286,324 per unit, in non-recourse construction financing for a 234-unit mixed-use development in Garden City, Idaho.
People in the News Apr. 22, 2022: Xactus Taps Kevin Ryan as CFO
Xactus, Philadelphia, named Kevin Ryan the company’s Chief Financial Officer, responsible for guiding the firm’s efforts to streamline its finance and accounting operations.
Carlos Sa of MILOS on Implementing New Technologies
Carlos Sa, founder and CEO of MILOS, Danvers, Mass., has more than 25 years of IT experience and an extensive track record of designing, building and implementing mortgage technologies.