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Tag Archives: Mortgage Brokers

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?

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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.

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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.”

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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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