With a less than rosy outlook, it’s essential that every mortgage loan officer maintain an edge on the competition. Now is the time to be more strategic and paid social advertising can help loan officers make the most of every marketing penny.
Category: News and Trends
Dawar Alimi of Lender Price: How Quality APIs Are Helping Lenders Drive Modernization and Operational Efficiency
Dawar Alimi is CEO and Co-Founder of Lender Price, Pasadena, Calif., a provider of cloud-native pricing technology to the lending space. He has more than two decades of mortgage industry expertise, during which he has built industry-leading technology and founded several companies.
CoreLogic: December Home Price Appreciation Cools to 2-12-Year Low
Year-over-year single-family home price appreciation fell to to 6.9% in December to the lowest rate recorded since summer 2020, said CoreLogic, Irvine, Calif.
Dealmaker: Institutional Property Advisors Sells New Jersey Shopping Center for $37M
Institutional Property Advisors, Calabasas, Calif., sold The View at Marlton shopping center in Marlton, N.J., for $36.5 million, or $400 per square foot.
CBRE: Finance, Insurance Firms Signed More Large Leases than Tech Industry in 2022
The finance and insurance industry supplanted the tech industry last year for the largest share of the top 100 largest office leases in the U.S., reported CBRE, Dallas.
Black Knight: More than Half of Borrowers Using Rate Buydowns
Black Knight, Jacksonville, Fla., said 57 percent of recent borrowers used rate buydowns to purchase a home, with nearly 25 percent paying two or more points upfront.
MBA Letter Voices Concerns Over FHFA DTI-Based LLPA
The Mortgage Bankers Association on Friday sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to loan-level price adjustments by Fannie Mae and Freddie Mac, particularly addition of an LLPA based on debt-to-income ratio.
Rohin Tagra of Azimuth GRC: 4 Reasons Mortgage Lenders & Servicers Need Automated Full-Population Compliance Testing
The cost of non-compliance is rising. Regulatory expectations have increased, and new rules continue to be released, placing a heavy burden on compliance teams to keep pace, or else face consent orders and multi-million-dollar fines. The good news is that there’s a solution.
Industry Briefs Feb. 7, 2023: TCN Worldwide Expands in Pa., Ohio, N.Y.
TCN Worldwide Real Estate Services added Jabe Companies Commercial Real Estate and Hanna Commercial Real Estate as the newest member firms
CFPB Loses Key IMB Redlining Case
On Friday, a District Court in Chicago ruled in CFPB v. Townstone Financial Inc. and Barry Sturner that the Equal Credit Opportunity Act does not extend to prospective applicants under a plain language reading of the statute.