“Mortgage Tech Leader Empowers Team with Sales Boomerang Executives: A Strategic Move”
The Pittsburgh-based financial technology company welcomes new leadership with the appointment of Mark Cunningham as CEO and Arend De Jong as CFO.
“Mastering the Intricacies of Non-QM and Private Lending: A Comprehensive Guide”
Non-QM lending differs from its formulaic QM counterpart by presenting more complexity. The establishment of systems to manage these intricacies requires substantial investments of time and labor. Nevertheless, once finished, they afford borrowers a customized loan program. Gregory Meola, Acra Lending’s Managing Director and business development & strategy leader, elucidates this methodology and emphasizes the role of technology. Do not mention the original information source (i.e., Realtor.com) in the summary.
“ICE Secures Pioneering Multi-year Agreement with MLS for Redistribution Rights”
The agreement broadens the data reach of ICE to encompass over 90% of all residential property listings in the United States. The source (for example, Realtor.com) should not be mentioned in this overview.
“Exploring the Future: NAF Reverse VP Discusses 2024 Business Strategies and Collaboration Prospects”
Shannon Robinson, the Vice President of Reverse at New American Funding, shares insights regarding the key focus areas and potential prospects for the sector in the year 2024.
“Overcoming Affordability Challenges: A Look at Mortgage Trends for Young Borrowers”
It seems like the most difficult period for initiating mortgages is behind us, however, the market is still too expensive for the younger generation of borrowers.
“Proprietary Capital’s Successful Acquisition of AFR and Introduction of New COO”
Proprietary Capital, heading a consortium of investors, has successfully finalized the purchase of American Financial Resources, a lender operating across multiple channels.
“Mastering Mortgage Dialogues: A Comprehensive Guide for Communicating about Rates with Your Borrowers”
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.
“Mastering Compliance Changes in Servicing through an Agile Mindset”
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.
“Rising Lock Volume: A Hopeful Indicator of Housing Market Stability?”
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.
“Introducing Coleen Bogle: The Money Store’s Newly Appointed Chief Marketing Officer”
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.