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After the M&A Deal Closes, Keep the Loan Officers Happy

September 9, 2016
Paul Muolo
And one big no-no, the consulting firm points out, would entail the new owner making substantive changes to loan officer compensation plans…
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What We’re Hearing: A Shortage of Mortgage Underwriters? / In Demand: Top Mortgage Dogs / Record Originations at Some Shops – Thanks to Brexit / A $600 Billion Quarter? / Impac Returns to the Well / Who Might MBA’s Dave Stevens Vote For? (Follow the Money

September 9, 2016
Paul Muolo
Meanwhile, one mortgage executive told us that earlier in the year Impac approached his shop about a sale. This executive, who did not want his company identified, turned Impac down…
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JPMorgan Chase Official Jumps Ship for the Ailing Walter/Ditech

September 8, 2016
Paul Muolo
In the fourth quarter of last year, Walter/Ditech made a decision to exit the consumer retail channel, selling branches where possible and laying off staff.
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Short Takes: ‘Fix n Flip’ Lender Jordan Should Have a Record Year / Help Wanted: SVP of Sales / Nonprime Retail Firm Angel Oak Continues Expansion / Declining MSRs at Prospect Mortgage / Luther Hires Former Finance of America Official

September 1, 2016
Paul Muolo
Retail nonprime/non-QM originator Angel Oak Home Loans is continuing its national expansion...
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Short Takes: In the Jumbo Space, Banks Were the Top Gainers / Dave Stevens Isn’t Interested in the Job, but … / Former Mortgage Chief Indicted

August 31, 2016
George Brooks and Paul Muolo
What Stevens describes sounds like something a trade group might want to do...
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Short Takes: Bank Says ‘We’re a Subprime Lender Too’ / No Ties to BofA / And the Big Three of Nonprime Lending Are… / REIT Exits NPL Market / Former MGIC Chief Lacy Dead at 71

August 30, 2016
Paul Muolo
The largest nonprime (non-QM) lenders are likely (in no certain order): Citadel Loan Servicing, Deephaven Mortgage and Angel Oak...
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Short Takes: Just Because You’re Kicked Off the NYSE, That Doesn’t Mean… / Buying an MB for Diversification Purposes / A 10 Percent Broker Market Share and Holding / Clayton and Angel Oak / Nationstar is Hiring!

August 29, 2016
Paul Muolo
The nation's fourth largest servicer, Nationstar Mortgage, will hold a job fair on Sept. 12 at the Maude Cobb Convention Center in Longview, TX.
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Should Residential Loan Officers Worry About Their Jobs and Automation?

August 26, 2016
Paul Muolo
Depending on where they work, mortgage loan officers can earn anywhere from 20 to 100 basis points per loan.
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Short Takes: Stonegate Mortgage a Buyer of Other Firms? / The Other Stonegate Buys a Florida Bank / The Kings of the Channels / A New Permanent CEO for Clayton / Former FHFA Director DeMarco Sets the Record Straight

August 25, 2016
Paul Muolo
From what we understand, Stonegate Bank is not very active in residential lending, but Insignia is…
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CFPB Considering Registration System for Nonbanks, Mortgage Firms Included

August 24, 2016
Thomas Ressler
A CFPB nonbank registration system might be used to collect financial and operational data and information on a lender’s organizational structure…
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