Welcome to the Wild West!

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…

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Posted: Apr 23 2014
Tags: CFPB, correspondent lending, emerging banker, mini correspondent, warehouse lending
Comments: 1766

Get out of your comfort zone!

New Year. New reality. The mortgage industry in January 2014 is definintely not what it was in January 2013. Some are choosing to complain about it and accept failure. Others are adapting and making lemonade out of lemons.Want different results? …

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Posted: Jan 22 2014
Tags: brokers, correspondent lending, emerging bankers, mortgage lending, wholesale lending
Comments: 3780

A new entry for The Worry List

It’s been a while since I added to my Worry List, so now seems to be as good a time as any. You may recall that I keep this Worry List not to build high blood pressure or keep myself…

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Posted: Jan 14 2014
Tags: agencies, correspondent lending, emerging bankers, mortgage technology, servicing, The Worry List
Comments: 1140

A few resolutions for the New Year

It’s time for the holidays and all of the festivity and comrarderie they bring. Of course, if you own a business, it’s also time to review your most recent year…and look ahead to 2014. With that in mind, here’s The…

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Posted: Dec 23 2013
Tags: correspondent lending, direct issuer, mini correspondent, mortgage lending, servicing
Comments: 2952

One more for The Worry List

As you may know, I keep a Worry List on behalf of my clients. As I’ve mentioned before, it’s not healthy to simply sit around and worry about potential threats, dangers and pitfalls. But it’s also pretty dangerous to live…

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Posted: Dec 03 2013
Tags: correspondent lending, mortgage lending, purchase market, refinance, servicing, warehouse lending, wholesale lending, worry list
Comments: 5039

The ideal warehouse provider…

As I’ve said before, things may be changing in the mortgage lending industry, but not everything is for the worse. I strongly believe it’s a great time for smaller lenders if they are willing to take smart risks. The warehouse…

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Posted: Sep 19 2013
Tags: correspondent lending, jumbos, mortgage lending, super jumbos, warehouse lending
Comments: 1023

Moving on from re-fi. What’s the next big thing?

I’d be beating a dead horse to devote too much more time to the death of the latest re-fi spike. So let’s move on…as the best and most successful originators have already done. So what are the products lenders and…

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Posted: Aug 06 2013
Tags: correspondent lending, HELOC, mortgage lending, post re-fi boom, reverse mortgage
Comments: 1679

The Worry List, Correspondent Lending Edition

Happy New Year to you. Here’s hoping that the changes in our industry likely to take place in 2013 will bring you opportunity and success. We’ve discussed here, from time to time, my “Worry List,” a checklist of threats, risks…

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Posted: Jan 10 2013
Tags: capital requirements, correspondent lending, interest rates, mortgage products, sale of business, warehouse lending, worry list
Comments: 737

A new entry for our worry list.

The industry’s largest mortgage lender has been making quite a bit of news lately; namely, with its exit from the wholesale channel. As I’ve mentioned, I keep a “worry list” in monitoring industry developments on behalf of my clients as…

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Posted: Aug 06 2012
Tags: correspondent lending, Wells Fargo, wholesale lending, worry list
Comments: 2871