In this age of social media and instant information, lenders need to be able to communicate with applicants in a real time environment. Today’s consumers do not want to wait for scheduled meetings or information sent via snail mail. Lenders must embrace technology like never before; not just to compete, but to survive. In additional to online applications, lenders need…
I hope your Thanksgiving Day is full of fun, family, and football. It’s all about tradition. Although there is some disagreement on the holiday, what is meant to represent and how it was first celebrated, it’s still a tradition of people getting together to share some food and good times. What can be better? The History of Thanksgiving Thanksgiving was…
Now that all the so called experts realize that they called the Presidential election all wrong they are backtracking trying to explain why. The Clinton supporters are all pointing blame at whoever they can think of that may have done something wrong to cause their loss. The Trump supporters claim they knew he would win all along. Right! People at…
Today is the day to step back from all the hustle and bustle of our everyday lives, to set aside our differences and come together for one common cause. Not to stand behind the new President-Elect, although we should. but to honor all those men and women who have served us and our nation as members of the Armed Services.…
A new battle is about to be waged in condo fees credit reporting. Equifax announced it will be collecting information on condo fee payments using a data aggregator, Sperlonga. They believe this will be good because those who pay timely will get the benefit of their good payment habits. Some say, “Hold on, just a minute there cowboy!” (Condo Fees)…
Or, should I say settlements (plural)? This time, the Department of Justice settled two actions brought under the False Claims Act against two separate Utah-based lenders. The total settlement was close to $10 million. Primary Residential Mortgage (PRMI) agreed to pay $5 million while SecurityNational Mortgage (SNMC) chipped in another $4.25 million. Both are independent mortgage companies, not big banks…
