Here’s more information from a slightly different report on mortgages and housing. This report was done by search engine giant, Google, in connection with lending giant, Chase Home Lending. Two giants using big data to get some really good background data on what consumers are searching for when it comes to home buying and financing. The report is the result…
The Product and Pricing Engines (PPE) of yesteryear were an efficient substitute for the good old rate sheets. These have evolved into necessary selling tools for loan originators and an efficient system to quickly analyze potential profits by lender’s secondary marketing managers. Rate sheets and spreadsheets are things of the past. LO’s must be armed with the latest and most…
Just prior to July 4th, the Department of Justice announced that it hit another lender with a False Claims Act violation and fine. The most recent victim is Prospect Mortgage who was levied a fine of $4.16 million, and another one bites the dust… According to DOJ, once again a lender gets fined for misrepresentations made in connection with FHA-insured…
Memorial Day is observed on the last Monday of May. It was formerly known as Decoration Day and commemorates all men and women who have died in military service for the United States. Many people visit cemeteries and memorials on Memorial Day and it is traditionally seen as the start of the summer season. Please remember those who sacrificed for…
I apologize for missing a blog post or two lately. I am recovering from some pretty major cervical surgery and it is tough to concentrate with this pain in my neck. Through my process, I spoke with my surgeon twice; once before and once after my procedure. Otherwise, communication and information came from his assistants and nurses. If it weren’t…
Okay, who thought it would be a good idea to bring their kids to work? It seems a little counterproductive to me. Maybe, they thought it was a great opportunity for parents to bond with their children while the kids got a chance to see what the heck mom and dad did all day; while they slaved over tough subjects…
