It's shaping up to be another busy year for mortgage originations. That means lots of work, but also higher compensation for lenders and brokers alike.

How Can You Ensure Your Lender Relationships Are Solid?

Advice from lenders centers on profits not on volume. They are looking for a broker with technological savvy and a willingness to make good loans that comply with all the relevant laws. “I want a broker that understands what RESPA and HOEPA are, and I think the brokers that are more technology driven understand that,” says one major lender. Bankers don’t want to be charged with fraud and lose a bundle defending it.

Subscribe to Mortgage Broker Update to see how to deliver quality loans and keep your profits up. Know:

• Technologies that decrease the time it takes to get business done,
• What the issues are that can get you in trouble—and cost you money,
• New products from certain lenders that can expand your menu of offerings,
• Why lenders want to know  the borrower’s purpose in getting the loan,
• How to keep your lenders from getting in legal trouble and then cutting you off,
• What’s going on in the mortgage business overall, to increase your professionalism and success.

Mortgage Broker Update is published monthly, 12 times a year.