Let’s face it. There’s been a lot of transition for just about everyone in the mortgage industry in the past two years. New rules. New processes. New mergers and acquisitions. And, of course, new opportunities. This has been especially true…
Let’s just say that you have made the decision that you want to get your money out of your company. Now comes the hard part: What’s the best way to maximize your end game profit? Talk to a third party…
Sometimes folding your cards and taking money off the table isn’t so bad. I know of many mortgage bankers who are losing significant amounts of money each month. Nonetheless, they are still using the same model that they have been…
So many owners of mortgage banking firms have their entire net worth in their companies. They enjoyed the mini-boom of the past two years, but now, cash is hard to come by as the market turns again. They should look…
I had the privilege of attending the MBA’s Secondary Conference in New York City a couple of weeks ago. I love this conference. It’s one of the few times of the year when I can get together with the folks…
You’ve heard me on this theme before, but I think it’s more relevant than ever these days. With change, comes opportunity. Yes, QM has slowed the flow of origination a bit. You could also argue that tighter credit, a bad…
Let’s be honest. Right now, it’s like the Wild West out there. The ability to give sub lines to aspiring mortgage bankers may be getting out of hand. Yes, mini-correspondents/emerging bankers bring a lot to the table. I applaud lending…
I’m seeing a lot of lenders and servicers who are becoming even more conservative in the first quarter of 2014. They’re concerned (and rightfully so) about taking a misstep in this new regulatory existence. They’re hoping to ride out the…
You probably remember having this story read to you by your parents when you were a child. The story in essence is about a town that is plagued by rats. The Pied Piper hears about this dilemma and goes to…
As an industry, we have a lot on our collective plate these days. Then again, we’ve had a lot on our plate for a while now. It’s been a slow start to 2014. Re-fi is a thing of the past.…
