Jumbo originations have increased sharply since 2008 but only about 5 percent of the loans have been included in jumbo MBS, which means the product is residing in bank portfolios...
Besides being in charge of retail and correspondent lending, DeVito will oversee sales, operations, quality control, compliance, underwriting and support services.
If consent is unavailable, the phone call is impermissible, absent the use of technology the mortgage lending industry generally views as obsolete, such as a rotary or push-button telephone.