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
MBA Chart of the Week Feb. 3, 2023: Multifamily Construction/Vacancies
At the end of this week, many of us will begin our annual migration to San Diego and to MBA’s Commercial/Multifamily Finance Convention & Expo (CREF23). There will be no lack of topics to discuss – from return to the office, to the return of retail, and interest in cap rates to interest rate caps.
January Jobs Report Smashes Expectations
The labor market defied expectations of even the most skeptical forecasts in January, adding a remarkable 517,000 jobs, the Bureau of Labor Statistics reported Friday.
Dealmaker: Newmark Secures $400M Freddie Mac Tenant Advancement Commitment for Comunidad Partners
Newmark, New York, secured a $400 million Freddie Mac Tenant Advancement Commitment for borrower Comunidad Partners, San Diego.
The Week Ahead, Feb. 6, 2023: The Countdown to CREF23 Begins
Good morning and happy Monday; We have a busy week ahead of us, so let’s get to it:
Ginnie Mae Finalizes Revised Requirements for Pooling Re-Performing Mortgage Loans
Ginnie Mae this week revised pooling requirements for re-performing loans with the publication of All Participants Memorandum (APM) 23-03.
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.
Rob Chrane of Down Payment Resource: The Time is Right for Homeowner Assistance
The current groundswell of interest in down payment assistance is a silver lining for lenders amid stormy market conditions, creating an opportunity to answer the GSEs’ calls for greater housing equity while building revenue and lasting customer relationships in a tough mortgage market.
Dale Larson III of Modex: Three ways to build a better LO team in 2023
The outlook for 2023 remains uncertain – but we can anticipate more change, which necessitates new approaches and solutions. While there is no silver bullet, there are tangible things you can do to meet the moment and strengthen your team in 2023.
Quote: Feb. 6, 2023
“The pace of job growth had been trending down over the past six months, but January broke that trend. Recent data on unemployment insurance claims have indicated a stronger job market than the string of layoff announcements from the technology and financial sectors would suggest.”
–MBA Chief Economist Mike Fratantoni.