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Dec. 6: Exec. available, LO jobs; non-QM jumbo, POS, processing, AI U/W tools; HUD/Rocket suit, CFPB unleashes; Curinos volume stats
“Today’s three-year-olds can switch on laptops and open their favorite apps. When I was three, I ate mud.” Times change. Remember when...
chrismancommentary
Dec 6, 2024
Dec. 5: LO jobs; hedging, wholesale, correspondent, LO survey products; top LO interview; STRATMOR & appraisal underwriting study
Don’t steal packages off of porches… you never know what will be inside them … A very low-tech attempt at dissuading thieves. On the flip...
chrismancommentary
Dec 5, 2024
Dec. 4: CD mgt. job, exec. available; non-QM, subservicer audit, eVault, accounting communication tools; thoughts from a top LO; Chris Whalen interview
My cat Myrtle never had to worry too much about things like… money. Elon Musk, however, can’t seem to catch a break and his $56 billion...
chrismancommentary
Dec 4, 2024
How to Get Ahead of Compliance in Q1 2025
By: John Haring, Head of Compliance at Wilqo As the lending landscape evolves, so do compliance challenges. To help lenders navigate...
chrismancommentary
Dec 3, 2024
D.O.G.E.- A Serious Idea?
The Department of Government Efficiency More often than not, I write this cynical and often sarcastic blog to complain about inefficient...
chrismancommentary
Dec 3, 2024
Dec. 3: Wholesale, MI jobs; broker, DPA, compliance, subservicing products; the cost of buying a home; thoughts of a top LO
Tis the season to have some fun, right? How about we start with this interesting musical duo ? While the CFPB’s proposal addressing the...
chrismancommentary
Dec 3, 2024
Dec. 2: VHAP, HELOC, appraisal review, subservicer review products; webinars & training coming soon; interview with Rate's Shant Banosian
I recall Zillow doing a study on the color of the front door impacting sales price. What does $22.5 million get you in Charleston, SC,...
chrismancommentary
Dec 2, 2024
Nov. 30: Christmas idea - Books for your staff or friends by/about authors in our biz; vendor updates; inflation from unusual sources
I doubt if prices are going to drop like the trusting folks in this video . Despite what was said during the campaign, no president, or...
chrismancommentary
Dec 1, 2024
Nov. 29: Lender wanted; LO jobs; PR, dashboard, automation, cap. markets school products; FHA, HECM, HUD updates
“I was late to my cannibal family's Thanksgiving dinner. I got the cold shoulder.” LOs are experts on family life and demographics. The...
chrismancommentary
Nov 29, 2024
Nov. 27: LO, AE, Ops jobs; automatic workflow, POS, IRS verification tools; 2025 conforming loan limit changes begin 1/1
“Rob, my borrowers would be really happy with rates well below 7 percent. When will we get there?” A wise economist with the MBA once...
chrismancommentary
Nov 27, 2024
What It Takes to Be a Good Loan Originator
Being a successful loan originator involves more than simply processing loan applications. It requires a blend of technical knowledge,...
chrismancommentary
Nov 26, 2024
Nov. 26: SVP of Credit job; exec available; pre-approval letters, IRS verification, DPA tools; Impending changes in regulators; MBA drops forecast
“If there's anyone out there who has no family and is planning to stay home alone this Thanksgiving, please let me know. I need to borrow...
chrismancommentary
Nov 26, 2024
Servicing Released Versus Retained Decision Making
As the calendar turns from 2024 to 2025, the mortgage servicing landscape continues to be a cornerstone of financial strategy for...
chrismancommentary
Nov 25, 2024
Thriving in the Digital Mortgage Age
By John Wines, Chief Strategy Officer at Atlantic Bay Mortgage Group The mortgage industry has undergone a technological transformation....
chrismancommentary
Nov 25, 2024
Nov. 25: AE, LO jobs; Verification, servicing, appraisal review tools; webinars and training for December and beyond
“Pro tip” to start the week: Be sure to bring up politics at your family's Thanksgiving dinner. You'll save a lot of money on Christmas...
chrismancommentary
Nov 25, 2024
Nov. 23: Thoughts on appraisal waivers, motivating builders, and an Agency shakeup in 2025; vendor news; the ol' turkey prank
The internet is good for some aspects of the news, like telling us that Trump is nominating Scott Bessent to be the Treasury Secretary....
chrismancommentary
Nov 23, 2024
Nov. 22: Ops manager job; eRESI capital infusion, warehouse mgt. tool; Fannie's forecast & Freddie's repurchase alternative; turkey humor
Want a house for a dollar? Italy has them … figure out the impact on comps for appraisals! To the best of my knowledge, my cat Myrtle...
chrismancommentary
Nov 22, 2024
Impacts of Trade, Policy, and Inflation on Mortgage Rates and the Housing Industry
The economic aftershocks of the COVID-19 pandemic, which have shaped both domestic and global markets over recent years, are gradually...
chrismancommentary
Nov 21, 2024
Nov. 21: Correspondent, appraisal waiver, loan sales, fee collection tools; Primer on MBS classes; non-Agency news
This morning I head from Columbia, MO (“COMO”… big thumb’s up for Sophia’s Italian) to Kansas City for the KC MBA luncheon . I have seen...
chrismancommentary
Nov 21, 2024
The President of the United States Doesn’t Set Rates
But policies impact them. Although the general population may not grasp that fact, those in our industry know better, or should. While...
chrismancommentary
Nov 20, 2024
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