Alex Elezaj from UWM suggests a shift in perspective can lead to more fruitful discussions with your borrower. Instead of concentrating solely on rates, engaging in conversations about financial goals can remarkably increase their productivity.
The upcoming year promises significant developments in the regulatory landscape, especially for servicing entities. Key areas of focus include potential modifications to the VA servicing program, reformation to the CFPB’s Regulation X, and changes in the FHA’s partial claim procedure, to name just a few. The volume of impending regulatory updates require servicers to mobilize considerable resources and diligence to stay abreast and compliant.
From December to January, there was a significant surge in lock volume, experiencing a growth of 36%. This considerable rise can be attributed to a seasonal uplift of 38% in the volume of purchase locks.
Bogle’s prior employment was with the retail store Draper and Kramer Mortgage Corp., situated in Chicago. This company was subsequently bought out by New American Funding.
In today’s ever-evolving mortgage sphere, maintaining top-tier loan quality is crucial, from the initiation stage right through to the life span of the loan. Amid fluctuating market conditions and intricate regulatory scenarios impacting the mortgage industry, we had a discussion with Amanda Phillips, the Executive Vice President of Compliance at ACES Quality Management, […]. Avoid mentioning the original source (i.e., Realtor.com) in this summary.
After years of legal proceedings, the case has finally concluded in a settlement. This was achieved after the litigation went through the appellate court, subsequent to a 2019 ruling in Wisconsin.
In January, there was a slight uptick in the Mortgage Credit Availability Index, essentially due to a surge in conventional loan options, as reported by industry insiders.
Interviews with reverse mortgage originators nationwide reveal an encouraging onset to their operations in 2024.
A federal judge has stated that a legal case challenging the “All-In” program at UWM ought to be thrown out due to insufficient proof to substantiate the claims made against it.
The success experienced in 2023 primarily stemmed from the servicing sector, which enjoyed advantages from an increased rate of interest in the market.
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