Total Expert CEO Joe Welu details how wholesalers can help brokers improve the relationships and strengthen their business for a far more competitive purchase market.
Read More »Mortgage Brokers’ Share of the Market Rebounding
Click through to see what has caused the resurgence of brokers after their fall following the Great Recession.
Read More »The Rise of Mortgage Brokers with Millennials
The second annual National Mortgage Brokers Day on Thursday, July 18, was a success, according to the Chairman of the Association of Independent Mortgage Experts (AIME), Anthony Casa, ...
Read More »Adapting to Change
Mat Ishbia, President and CEO of United Wholesale Mortgage, spoke with MReport on how mortgage lenders and brokers can adapt to the changing climate. According to Ishbia, the industry is not in the same place it was just five years ago, and drastic changes are sure to continue into the coming years. How has wholesale mortgages changed, and what can we expect in the future?
Read More »CFPB Flags Lenders for Possible HMDA Violations
The Bureau has issued a letter of warning to 44 mortgage lenders and brokers, telling them that they may not be in compliance with the Home Mortgage Disclosure Act.
Read More »Moving Out of the Comfort Zone to Build a New Bottom Line
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This piece features John Vella, chief revenue officer of Altisource Portfolio Solutions, discussing how the residential property market is recovering–but at the same time, it’s experiencing a shrinking pool of the refinancing and distressed opportunities.
Read More »United Wholesale Mortgage Introduces New Same-Day Closing Platform
United Wholesale Mortgage has announced the release of UClose, an industry-leading tool that will allow mortgage brokers to close their loans within an hour of receiving their clear to close.
Read More »NAMB Asks President Obama to Update Mortgage Industry Speech
In his speech, President Obama spoke of the important role the Consumer Financial Protection Bureau (CFPB) has played in helping the U.S. recover from the financial crisis. However, according to Councilman, in an effort to praise the CFPB, the president signaled out mortgage brokers as “unscrupulous.”
Read More »CFPB Releases Guidance on Mini-Correspondent Brokers
The CFPB issued guidance to curb brokers transitioning into the "mini-correspondent" model in the hopes of avoiding rules affecting broker compensation. "Today we are putting companies on notice that they cannot avoid those rules by calling themselves by a different name," commented CFPB Director Richard Cordray with the release of the new guidance.
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