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HUD Finalizes Standards for LO Licensing and Registration Under the SAFE Act
The U.S. Department of Housing & Urban Development (HUD) has announced publication of a final rule setting the minimum standards that states must meet to comply with the Secure and Fair Enforcement...
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Regulatory Pressure From Dodd-Frank Act Forces MetLife to Sell Off Bank
MetLife Inc. has announced that it is exploring the sale of MetLife Bank NA’s depository business, which includes savings accounts, certificates of deposit and money market accounts.Click to continue
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The Elite Performer: Your Team Defines You
As a professional paid to perform mortgage services for your client, you may or may not realize that you are only as good as the team that surrounds you. You rely on your support team to help complete...
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Survey Finds Borrowers Still Reliant Upon LOs
Mortech Inc., a mortgage technology software company, recently co-sponsored a loan origination survey that revealed, in part, that borrowers still demand the services of a competent lending...
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American Pacific Announces Free Android and iPhone Based Marketing Tool
American Pacific Mortgage (APM) has announced the release of APMConnect, a new marketing platform which includes a Web-based marketing engine and mobile phone app for both iOS-(iPhone) and...
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Where is the Even Playing Field in LO Licensing?
As an owner of a national mortgage company, I, like many others, have seen expenses increasing drastically as a result of the many changes that the finance industry has gone through … many of which are...
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Will Barney Frank's Departure Change LO Comp?
Rep. Barney Frank (D-MA), co-author of the Dodd-Frank Act will disappear from Congress next year. They redistricted Barney out of Congress. The thanks go to Duval Patrick, the Democrat governor of...
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Laboring Over Ineffective Marketing
Now is a great time to get back to basics and to reassess the core strategies of your business. Don’t work harder, work smarter. Let’s look at methodologies that top-producing loan originators (LOs)...
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The Next Generation of Mortgage Loan Originator
The number of mortgage loan originations has shrunk in both number of units and overall dollar volume since its peak in 2003. Without saying, this decline spilled over and sharply depleted the number...
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New Survey Gets Inside the Minds of LOs
Hammerhouse LLC has released the results of its Second Annual Survey of Originator Opinions. This 14-question survey was completed by a statistically significant sample of approximately 400 active...
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Need More Production? Adapt or Die!
Adaptation … one of the lesser spoken-about traits of the top business executive. In the ever-changing world of mortgage production, the ability to adapt could mean the difference between success and...
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Direct Mail Marketing Best Practices
Think for a moment about how you are spending time today versus two years ago—how much time is spent closing a loan? Where does that extra time come from? If you are like most loan originators (LOs),...
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Lenders Compliance Group Announces New Mortgage Broker and LO Compliance Service
Lenders Compliance Group Inc. (LCG) has announced the formation of Brokers Compliance Group, a new mortgage compliance service exclusively devoted to offering regulatory compliance support to mortgage...
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CFPB's Proposed Rules to Require a Flat Fee for All LOs
The Consumer Financial Protection Bureau (CFPB) has outlined rules that it is considering to simplify mortgage points and fees and bring greater transparency to the mortgage loan origination market....
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