George Morales discusses his recent appointment in the sales sector and shares his vision for Mortgage Cadence. His goal is to expand the reach of reverse mortgage services to a broader audience, encompassing larger banking institutions as well.
The firm’s initiative to launch a new enterprise is an integral component of its strategy designed to maintain its clientele from its servicing portfolio, particularly during periods of declining interest rates.
The final quarter of 2023 saw a slight but steady increase in mortgage defaults, reflecting the ongoing trend of Americans engaging in robust personal expenditure.
Two members of the U.S. House from different parties have unveiled a bill aimed at curtailing the misuse of trigger leads. This follows the Senate’s introduction of a corresponding bill last December.
Gauthier expressed his colleagues’ insistence on absolute accuracy in data. According to them, a 95% accuracy rate is as good as having no data at all.
This week saw a steady balance in mortgage rates, despite the unveiling of fresh economic figures. The updated data indicates continued strength in the U.S. economy and job market.
In the final quarter of 2023, ICE Mortgage Technology announced a significant advancement in their adjusted operating income, reaching a high of $193 million. This impressive increase was largely propelled by unparalleled sales of their promising product, Encompass.
Bruce Simmons shares his insights on how adjusting the radio broadcasting focus has significantly improved his reverse mortgage business.
The bank, under recent stress, is taking steps to sell off a portion of its assets as a means to enhance the strength of its capital position.
The updates for the Selling Guide in February include revisions to the qualifying Adjustable Rate Mortgage (ARM) interest rate by the Government-Sponsored Enterprises (GSE). Additionally, an extra decade has been added to the term for cash-out refinancing when it comes to manufactured homes.